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DeFi Protocol Thetanuts Finance Raises $17M for Expansion, New Partnerships

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Crypto structured products firm ThetanutsFi has raised $17 million in a funding round co-led by polychaincap, HyperchainC and Magnus_fund. By BrandyBetz.

Thetanuts Finance, a multi-chain structured products protocol, has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital and Magnus Capital.

The fundraise comes as the industry continues to slowly climb out of the crypto winter deep freeze that’s nearly stalled the investment landscape. Infrastructure product shave proven most resilient and decentralized finance projects have taken favor over centralized products after the collapse of centralized exchange FTX last fall.

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