Bitget, a prominent global cryptocurrency exchange and web3 company, is thrilled to announce the latest addition to its PoolX staking platform: the native token of Thetanuts Finance, NUTS. With Bitget's ongoing expansion of PoolX offerings, users now have the opportunity to stake NUTS and potentially earn significant rewards. This recent listing underscores Bitget's dedication to providing diverse and potentially lucrative staking options for its user base.

PoolX, Bitget's innovative staking platform revolutionizing the crypto landscape, distributes rewards hourly based on staked amounts. Unlike most decentralized staking products, PoolX allows users to potentially earn popular tokens by staking stable and trusted cryptocurrencies like BGB and USDT. Since its launch on April 8, PoolX has introduced over 15 additional projects. With annual percentage rates (APR) ranging from 10% to 45%, users have the potential to accumulate substantial earnings within the high upper staking limit.

Thetanuts Finance is a decentralized on-chain options protocol gaining traction in the altcoin options space. Initially introduced in September 2021 with Basic Vaults, Thetanuts Finance provided out-of-the-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 April of this year, Thetanuts Finance successfully concluded a $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. This funding will play a pivotal role in establishing new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers, and exchanges. These collaborations are expected to enhance the liquidity and usability of the Thetanuts platform, fostering 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. The listing not only enriches the staking options available to Bitget users but also supports Thetanuts Finance's mission to innovate within the altcoin options space. As Bitget continues to expand its PoolX offerings, users can anticipate more opportunities to potentially earn significant rewards by staking their preferred tokens.

About Bitget:

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to empowering users to trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet offering comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget collaborates with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL, to inspire individuals to embrace crypto.