ACoconut is a sunset Bitcoin DeFi liquidity and yield protocol suite that was part of the NUTS Finance ecosystem. ACoconut's Twitter Score is 9.4 out of 1000 as of September 2026, ranking #98,770 among 486,860 tracked accounts.
ACoconut comprised two open protocols: acBTC, a composite synthetic BTC assembled from pegged BTC assets, and BTC+, a positively rebasing synthetic BTC and yield aggregator. The protocol launched on Ethereum mainnet in September 2020 and expanded to BNB Chain in February 2021. In December 2020, ACoconut raised $500k from a select group of angel investors, and a February 2021 DODO crowdpooling event raised BUSD 294,000 against BUSD 76 million in subscriptions.
ACoconut reached a peak total value locked of $70 million in April 2021, at a time when BTC was priced at $62k. The AC token served as the protocol's governance instrument, with staking granting voting rights over supported BTC assets, protocol fees, and the BTC+ rebase function. In a December 2024 retrospective, NUTS Finance noted that the team still held 45% of AC's circulating supply and that only 30% of total supply had been minted for liquidity providers during liquidity mining.
ACoconut was previously affiliated with NUTS Finance, which decided to sunset the protocol in Q1 2022 after concluding it lacked a convincing strategy to attract new BTC liquidity during the crypto winter. Some long-tail BTC derivatives aggregated by ACoconut on BNB Chain also suffered exploits and rebasing problems that affected its operations. ACoconut's account has 2,998 followers as of September 2026 and has published 274 posts. ACoconut has been mentioned by 1 accounts a total of 1 times.
Who follows ACoconut on X?
The accounts that follow ACoconut include 18 founders, 7 angel investors, 23 influencers and 5 VCs. Among them are Mario Nawfal, Matthew Graham, DCF GOD, scoopy.sockpupp.eth, SpiderCrypto and Teng Yan.