Thetanuts Finance Bi-Weekly Update (1 March 2024)

Recap of the Previous Two Weeks


As part of Arbitrum STIP, Thetanuts Finance is now on its 5th week of distribution. In the past two weeks, we’ve seen healthy growth in our TVL to $7mm – bringing our total TVL across chains to ~$20mm.

User Interactions

Despite healthy growth in TVL, we have experienced a dip in daily user interactions – likely due to attention moving to LRTs on Ethereum Mainnet.

Our Dune query for user interactions on Arbitrum can be found here.

Plan For the Next Two Weeks

ARB Received Last Disbursement: 28,571 $ARB

ARB Utilized as Incentives in the Last Two Weeks: 57,142 $ARB

Contracts incentivized over the last 2 weeks:

  1. $ARB Call - Bi-weekly: 0x0833EC3262Dcc417D88f85Ed5E1EBAf768080f41
  2. $ARB Put - Bi-weekly: 0xf94ea5B18401821BE07FBfF535B8211B061A7F70
  3. $ETH Call - Weekly: 0x1D1CD4abe0F2AF9d79b5e3149BF4A503f97C1EAd
  4. $ETH Put - Weekly: 0x633A789BeD82215b1cEE45C32aCD0D6Ca8b9Bfbf
  5. ARB-C Lending Market: 0xB1D961701be27d26A2E4FA13cb0c4FA7C47DD615
  6. ETH-C Lending Market: 0xF9a82c9Dd095076FCdc7507D6cf920EEfFa93BA2
  7. USDC Lending Market: 0xeb9a387494922d5Ec20631c19D51c39C45AC8643
  8. ARB-C Add Liquidity Module: 0x721Bba1556649e9c70E2dF1EAFC04270376025f7
  9. ARB-P Add Liquidity Module: 0x85ceD6055f0eC21dE0e4216177115cbc6a930ACa
  10. ETH-C Add Liquidity Module: 0x078F98Be8A1bb1bD64799B8F05Aca08f5850A69D
  11. ETH-P Add Liquidity Module: 0xE84CB9daF67644734051c7f6e978968f04F6751e

Contract address label [Form 18] (ARB STIP Transparency) completed for all addresses: Yes

ARB claimed: 171,426 $ARB claimed

ARB left over: 28,571 $ARB to claim

Plan for leftover ARB:

We intend to distribute the 200,000 $ARB equally over a period of 8 weeks. The first tranche was claimable on 5 February, with the final tranche to be distributed by the week of 1 April – in line with Arbitrum Foundation’s guidance on when the $ARB incentives should be distributed by.

Summary of incentives:

25,000 $ARB distributed on a weekly basis for 8 weeks, split between:

  1. Users on Add Liquidity Module: 85%
  2. Users with Long Positions: 10%
  3. Users with Short Positions and Boosted: 5%

Weights are subject to change at the discretion of Thetanuts Finance.

Additional Info / Disclosures to Multisig: n.a.


7D Average daily TVL: $6,831,329

7D Average daily transactions: 384

7D Average daily trading volume: $338,891

Number of unique user addresses (Since Inception): 46,860

7D Avg Transaction fees: $13

Link to Dashboard showing metrics: