Theo Network | Onchain Infrastructure & Delta-Neutral Vaults

Theo Network (https://v1.theo.xyz/?chain=1) is a next-gen onchain infrastructure platform offering institutional-grade DeFi strategies through its Earn and Straddle vaults. The core thesis: democratize access to delta-neutral yield mechanisms while building a composable ecosystem around its native token, thBILL.

Funding Snapshot

Round Size: $20M (Closed April 24, 2025)
Lead Investors: Hack VC and Anthos Capital (co-leads)
Participants: Manifold Trading, Mirana, Metalayer, Flowdesk, SCB, MEXC, Amber, Selini
Angels: Executives from Citadel, Jane Street, JPMorgan, Optiver, IMC, HRT, 5 Rings

This investor mix signals deep institutional alignment, especially across quant trading and market-making circles.

thBILL Token Overview

Utility: Central to Theo’s point system, vault access, and partner integrations
Networks Supported: Ethereum, Arbitrum, Base, HyperEVM
Use Cases:
- Earn Theo Points by holding or using thBILL
- Deploy in partner protocols like Uniswap, Morpho, Euler, Hyperliquid
- Participate in liquidity pools, lending, and quests
Access: Available via bridge (Stargate) and on-chain swaps
Seasonal Incentives: thBILL usage is the primary driver for Season 2 point accumulation

If you’re planning to optimize your position, thBILL is the token to accumulate, deploy, and track. Want a breakdown of how to maximize point yield with it across chains and partners? I can modularize that next.

Core Mechanics

1. thBILL Token Utility

Primary vehicle for earning Theo Points
Usable across partner protocols: Uniswap, Hyperliquid, Morpho, Euler, and others
Available on Ethereum, Arbitrum, Base, and HyperEVM
Bridgeable via Stargate
Documentation (https://docs.theonetwork.xyz)

2. Theo Points Season 2

Live since August 17
Points awarded for liquidity provision, vault usage, and ecosystem activity
Trackable via Theo’s native interfaces

3. Straddle v1 Depositors

Vaults remain active, but no longer accrue points
Migration encouraged toward thBILL-centric strategies

What’s Next

Expansion of thBILL utility: new listings, liquidity pools, and integrations
Partner quests and ecosystem missions
Continued rollout of institutional vault strategies
Governance and point-based incentives tied to protocol growth

Supported Chains

Ethereum
Arbitrum One
Base
HyperEVM

Referral Program

To generate a referral code:

You must hold ≥ $1000 across all Theo vaults
Code must be 6–12 alphanumeric characters

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