Thetanuts Finance partners with WOO Network
Thetanus Finance officially partnering with WOO DAO, which drives community engagement for one of the most liquid crypto exchanges in the world that provides traders with superior order execution at zero fees.
This partnership will help WOO DAO improve their treasury management objective of diversification into USDC. Importantly, with this partnership, Thetanus are also able to help WOO DAO create an options market by injecting large amounts of liquidity. This will lead to more market makers providing competitive bids, and ultimately improve WOO token liquidity and trading volume. Overall, this partnership would help WOO DAO diversify their treasury, grow their ecosystem, and improve the WOO token’s utility.
Through its governance process, WOO DAO has authorized the creation of a customised structured product with Thetanuts Finance. The key characteristics (strike selection, tenor, vault cap, etc.) of this structured product is customized for WOO DAO. Retail investors are also able to participate to earn more WOO tokens in the form of option premiums and trade their WOO tokens for USDC when the physical call option expires in-the-money. WOO DAO Treasury is now live on BSC mainnet.
ABOUT WOO Network
WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at zero or low cost.
ABOUT Thetanus Finance
Thetanuts Finance’s DeFi structured products and its customizable vaults are the future of generating yield. The platform is designed to provide treasury management for DAOs, as well as help retail traders earn yield on their tokens.
