Bitget, a prominent cryptocurrency exchange and web3 company, has recently made a significant announcement regarding its PoolX staking platform. The platform is now welcoming Thetanuts Finance’s native token, NUTS, offering users the opportunity to stake NUTS and potentially earn substantial rewards.
PoolX, Bitget’s innovative staking platform, is changing the crypto landscape by distributing rewards hourly based on staked amounts. Unlike most decentralized staking products, PoolX enables users to earn popular tokens by staking stable and trusted cryptocurrencies such as BGB and USDT. Since its inception on April 8, PoolX has added over 15 projects, with an annual percentage rate (APR) ranging from 10% to 45%. This allows users to potentially accumulate significant earnings within the high upper staking limit.
Thetanuts Finance, a decentralized on-chain options protocol, has been gaining traction in the altcoin options space. Initially launched in September 2021 with Basic Vaults, Thetanuts Finance provided out-of-money (“OTM”) European cash-settled options to accredited market makers, potentially generating yields for users through option premiums. With the recent v3 upgrade, Thetanuts Finance has shifted towards a more decentralized approach, focusing on altcoin options.
In a recent development, Thetanuts Finance concluded a successful $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. This funding is expected to facilitate new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers, and exchanges. These collaborations aim to enhance the liquidity and usability of the Thetanuts platform, driving further adoption and innovation in the altcoin options space.
The listing of NUTS on Bitget’s PoolX staking platform marks a significant milestone for both Bitget and Thetanuts Finance. Not only does it expand the staking options available to Bitget users, but it also supports Thetanuts Finance’s mission to innovate within the altcoin options sector. As Bitget continues to diversify its PoolX offerings, users can anticipate more opportunities to potentially earn substantial rewards by staking their preferred tokens.
Established in 2018, Bitget is a global cryptocurrency exchange and Web3 company that caters to over 25 million users in 100+ countries and regions. The Bitget exchange aims to assist users in trading more intelligently with its cutting-edge copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a top-tier multi-chain crypto wallet offering a variety of comprehensive Web3 solutions and features, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget encourages individuals to embrace cryptocurrency through partnerships with reputable entities like legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For users seeking more information about the PoolX staking platform and the NUTS token listing, a visit to the provided link can provide additional details. As Bitget continues to enhance its staking options, users have the chance to engage in staking activities with the potential for lucrative rewards.
In conclusion, Bitget’s PoolX staking platform welcoming Thetanuts Finance’s NUTS token signifies a new chapter in the world of cryptocurrency staking. The collaboration between Bitget and Thetanuts Finance opens up exciting opportunities for users to participate in staking activities and potentially earn significant rewards. With the continued expansion of PoolX offerings and the focus on innovation within the altcoin options space, Bitget solidifies its position as a key player in the crypto industry.
