# Thetanuts V4

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### Overview

Thetanuts has always pushed the boundaries of what DeFi-native options can be. **V4 is a new foundation**: a builder-first, RFQ-powered options infrastructure that supports event-driven structures, custom payoffs, and institutional liquidity—while preserving a smooth user experience.

**What V4 unlocks**

* **Greater flexibility** — tailored quotes for dynamic, event-driven structures.
* **Better execution** — tighter spreads and more competitive pricing via open quoting.
* **Deeper liquidity** — sourced directly from market participants.

> V4 is **chain-agnostic**, **trustless**, and **composable**—built to deploy where the best communities and infrastructure exist.

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### RFQ System

At the heart of V4 is a **Request-for-Quote (RFQ) engine**. Instead of relying on AMMs, liquidity providers deliver **direct quotes** that apps can request and users can execute on-chain.

**Why RFQ**

* **Customized structures** → more predictable outcomes and reduced slippage.
* **Open competition** → market-driven pricing, tighter spreads.
* **Liquidity depth** → direct access to active market participants.

**Seeding liquidity (the flywheel)**

* **Early support** — select builder teams are already testing V4 and simulating real-world environments.
* **Scaling up** — as the quoting environment matures, we connect app teams and early LPs with professional market makers, deepening liquidity and tightening spreads.
* **Future breadth** — broader support for additional structures (e.g., American options) as flow grows.

> The RFQ engine strengthens as more apps, makers, and strategies plug in—forming a **self-reinforcing liquidity flywheel**.

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### Architecture Summary

**Chain-agnostic by design**

* Deployable across Ethereum L2s, modular stacks, and emerging high-performance chains.
* Prioritizes **low transaction costs**, **fast settlement**, and **vibrant DeFi ecosystems** for composability.

**Trustless & decentralized**

* **All settlements on-chain**, verifiable by anyone.
* **Quotes & execution via smart contracts**, minimizing intermediaries.
* **Fully collateralized** interactions: users keep control of funds and positions while trades are honored by counterparties.

**Built for builders**

* Clean **RFQ rails** that power custom strategies without rebuilding an options desk.
* Composable primitives that downstream apps can integrate through SDKs/APIs.
* A roadmap that expands instruments, oracles, and settlement adapters as the ecosystem grows.

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### Vision

We’re building the **Theta System**—a modular options ecosystem where every product shares the same RFQ liquidity backbone and composes with the rest.

**What the Theta System enables**

* **Structured vaults**, **event-driven options**, **custom RFQ strategies**, and **institutional access points** that connect seamlessly.
* **Builder extensibility** — plug into RFQ to launch specialized vaults or trading products.
* **Unified flow for makers** — market makers tap a consolidated stream of options demand across products.

**The flywheel**

> More products → More flow → Deeper liquidity → Better pricing → Even more products.

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You can access our website at: <http://thetanuts.finance/>