|All Time High:|
|Market Cap: |
|The price of #PSY today is $0.00995 USD.|
The lowest PSY price for this period was $0, the highest was $0.00995, and the current live price for one PSY coin is $0.00994838.
The all-time high PSY coin price was $0.22.
Use our custom price calculator to see the hypothetical price of PSY with market cap of BTC or other crypto coins.
|The code for PsyOptions crypto currency is #PSY. |
PsyOptions is 1.9 years old.
|The current market capitalization for PsyOptions is $8,721,715.|
PsyOptions is ranking downwards to #600 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #PSY.|
Today's 24-hour trading volume across all exchanges for PsyOptions is $99,501.
|The circulating supply of PSY is 876,697,161 coins, which is 88% of the maximum coin supply.|
|PSY has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.|
|Note that there are multiple coins that share the code #PSY, and you can view them on our PSY disambiguation page.|
PsyFi June 2023 Update
Welcome back to our monthly roundup! June has been a roller coaster of developments, milestones, and forward momentum at PsyFi. Dive in for an in-depth look at our treasury and vault performance, catch up on our latest partnerships, and get a glimpse of our ambitious roadmap for the future. — DAO Treasury Growth and Vault Performance. — Our treasury continues to display encouraging growth. This month, we saw an upward trajectory in value across all our major holdings — USDC, scnSOL, and SOL. Let’s dive deeper into the figures and see how this month’s performance stacks up against last month’s. DAO Treasury: $2,743,004 (+5.24% MoM) USDC: 684,902.6212 ($684,902) (+0.03% MoM), scnSOL: 156.357259625 ($2,941) (+3.45% MoM), SOL: 65.457614741 ($1,092) (+3.68% MoM), Vault Performance: Monthly Overview BTC Secured Put Vault Total premiums earned: 2,483.82 USDC (+28.07% MoM), Historical performance (3 months): 3.54% APY, SOL Covered Call Vault Total premiums earned: 28.93 SOL (+33.74% MoM), Historical performance (3 months): -0.16% APY, scnSOL Covered Call Vault Total premiums earned: 64.55 scnSOL (+27.26% MoM), Historical performance (3 months): -1.36% APY, — Taking Solana DeFi to the next level with Hxro Network. — We’ve partnered up with Hxro Network to take Solana DeFi to the next level! The objective of this collaboration is to create an innovative line of products that w...
Introducing PsyFi’s Crypto Options Pricing Tool: Helping You Make Informed Choices
We are excited to announce the launch of PsyFi’s brand new, completely free-to-use Crypto Options Pricing Tool. As part of our commitment to enhancing your cryptocurrency trading experience, we have developed this tool to help you analyze historical volatility using a variety of calculation methods, and price hundreds of different crypto options and spreads. At PsyFi, we understand that the crypto space is a rapidly evolving ecosystem with a complex web of opportunities that are often hard to stay on top of. Among the most popular is crypto options trading, which has gained significant traction in recent years, spurred on by the rise of DeFi Option Vaults like PsyFi.io and Option DEXes like Derebit. We also recognize that crypto options trading can be complex and intimidating, and that it can be hard for newcomers to gauge how much to pay for the contracts they buy. To address this challenge, we have created the Crypto Options Pricing Tool, a comprehensive, user-friendly, and accurate way for traders of all levels to view trends in historical volatility and price options. What PsyFi’s Crypto Options Pricing Tool Does Our Crypto Options Pricing Tool is designed to simplify the process of evaluating and pricing crypto options. By using real-time data and a variety of user-selected pricing inputs, this tool enables you to: Analyze Historical Volatility Trends: Use different inputs to calculate historical volatility to se...
Is the fallout from Silvergate and Signature Banks reducing market efficiency for Digital Assets?
March 2023 is turning out to be historic for markets and financial institutions as banks face liquidity issues due to effects of rising rates. Within a week, two banks known for having crypto clientele have been forced to shut down. Silvergate faced known balance sheet issues, but the shutdown of Signature has left even their board members questioning ulterior motives. How is this affecting the flow of digital assets? — The Loss of Real-Time Payment Rails Could Lead to Growing Price Discrepancies on Exchanges. — SEN and Signet were Silvergate and Signature’s respective real time payment networks. These networks allowed two parties at the same bank to transfer funds 24/7/365 within seconds. Therefore, any institution with an account could deposit or withdraw from one of the many digital asset exchanges that also had an account within the network quicker than a more archaic method such as a wire transfer.“ The Federal Reserve raised interest rates at the quickest absolute pace in decades (a 4.49% move in one year), and the quickest percentage pace of all time (from 0.08% to 4.57% in one year, or a 57x increase).” — Lyn Alden Crypto markets differ from equities markets in that multiple listings are common and many exchanges support spot trading for the same asset. Each exchange may have a different price at any given time, so market makers trade between each venue to bring prices closer together across a...
Our story so far: the quest for full decentralization
On the surface, decentralized autonomous organizations (aka DAOs) may look simple, but there are many more factors that go into a DAO and the infrastructure required to run one securely. The path from having no token to a functioning and secure DAO is anything but simple, especially when trying to act within the confines of very gray and unknown regulations. Through the use of this article, our goal is to be more transparent with regards to the decisions we’ve made to date, as well as share a roadmap on how we plan to achieve full and true decentralization. But firstly, what exactly does full decentralization mean and why does it matter? — Full decentralization. — Full decentralization means that governed assets cannot be acted upon (transferred, changed, etc.) without consensus from a distributed and diverse group of individuals/entities. Simply put, no individual person or company can control the DAO or its assets. Most governance tokens don’t actually govern anything of value. Being governance-focused enables the $PSY token to stand out from other governance tokens. Now that we have a clear definition of full decentralization, what does that look like for PsyDAO? — Roadmap to full decentralization: Serum. — On 1st July 2022, we announced that we had received a 2m $SRM grant from the Serum DAO. Members of our community acknowledged that they would like to see the $SRM used as a way to incentiv...
Here are 3 reasons why you should be bidding on option vaults
The options market is a multi-trillion behemoth and has been an integral part of traditional finance since the 1900’s. These derivatives, when executed correctly, can offer superior risk-adjusted returns payoff that exceeds your vanilla buy and hold. However, option strategies are highly complex, and not everyone has the resources to get involved and profit handsomely from it. Enter Decentralized Option Vaults (DOVs). DOVs automate option strategies for depositors, who are then rewarded with sustainable, non-inflationary yield on their crypto assets. While the benefits for depositors have often been written about, few know the opportunities that buyers of these options have. Here are 3 reasons why you should be bidding on option vaults. — Arbitrage. — Option markets have relatively thin liquidity compared to large crypto spot assets. Given the liquidity and relatively few trading venues that exist, price is not necessarily efficient. Buyers can take advantage of the inefficiency and arbitrage purchased vault options using the various option CEXs or DEXs that exist. There have been cases where risk-free arbitrage of >30% is possible using this method. — Hedging Long Tail Assets. — DOVs have introduced a whole slew of previously illiquid option markets. For market participants looking to hedge downside or maintain a delta neutral portfolio made up of long tail assets, options are a new tool ...
Partnership Announcement: PsyOptions x Zeta Markets
PsyOptions and Zeta Markets partner to bring Delta Neutral Vaults to Solana — TLDR - PsyOptions has introduced a market making vault that generates returns for its depositors by acting as a market maker for PsyFinance option markets., The Zeta DEX provides a liquid decentralised marketplace with Serum’s on chain order book for PsyOptions to efficiently trade the delta neutral strategy as required., The Solana ecosystem has been on a wild ride over the past few weeks and months, but we’ve been quietly building through the storm, and today we’re ready to announce that PsyOptions and Zeta Markets have teamed up to ship a new class of structured products on Solana. Since inception, the teams at PsyOptions and Zeta Markets have both shared the same important goal: to democratize derivatives trading for the masses. As we ship new products together, we hope to grow the pie for everyone and empower more end users with the ability to safely earn sustainable yield and hedge against risk in DeFi. Delta Neutral Option Vaults In order to generate yield on deposits, DeFi Option Vaults usually auction options to a range of counterparties every week. For PsyOptions, bidding on these auctions is open to everyone. But that’s not always the case in DeFi. This new Delta Neutral vault will accept USDC as a deposit asset and generate returns by acting as a market maker for Defi Option Vaults on Solana, and selling any purchase...
CBTP: Collect, Build, Test, Pivot….
Where we started PsyOptions started with the launch of our American Style Options Protocol to democratize options trading. It was a great launching point for us as a DO (Decentralized Organization) propelling a healthy growth of our community and core team. Since then, we’ve released our Tokenized Europeans Protocol and successfully acquired Tap Finance, introducing our in house vault products, PsyFinance. We are proud of all of these accomplishments and our ethos remains the same — we want to build financial tools and blockchain based products for the world. Since launching these products, we’ve continued to iterate and collect market intel on how we can improve as an organization. How we see the options world Options are a complex financial tool and to many, they are flat out confusing. Volume and open interest year to date has not increased at a rate that many had hoped and that’s okay. We’ll continue to build out products and educational tools that make it easier for users to trade while the market continues to mature. Some data YTD BTC Volume: Source: The Block YTD ETH Volume Source: The Block Total volume over the last 5 months has been trending downward. Although, total options volume since inception has grown dramatically, we have seen more product fit from our users in the structured product space. On-chain order books are tricky with collateral management, layer one congestion, transactions costs...
Psy Quarterly Review: Q1 2022
We can’t believe Q1 is already over! It was a historic quarter for us at PsyOptions, as we launched the $PSY token in the most oversubscribed IEO on FTX to date, acquired PsyFinance(previously known as Tap Finance) in the first intra-ecosystem acquisition on Solana, launched the first DOV with a bidding process that is open to everyone, and much more. Let’s take a look back on this whirlwind of a quarter. — January. — January was arguably the biggest month of the quarter for us, and was highlighted by two major events: the $PSY IEO, and our acquisition of PsyFinance. Each of these were historic moments in our short history for a variety of reasons. With the release of our token, we took a big step towards our goal of becoming a community owned on-chain financial services platform for users across the globe. You can take a look at all of the details surrounding our tokenomics and governance structure here. Additionally, the PsyDAO is nearing completion as we finish laying out the final pieces of infrastructure. With the acquisition of PsyFinance, we completed the first intra-ecosystem acquisition in Solana’s brief history. The reason behind this acquisition being that our mission is all about becoming the de facto on-chain financial services platform for DeFi users across the globe. This mission started with vanilla, American style options, but to become the “one stop shop” we will have to expand beyond ...
Announcing the Serum Vault on PsyFinance!
We’re excited to announce that PsyFinance and Serum have teamed up to launch a SRM Covered Call Vault on PsyFinance’s new v2 vault architecture! Not only does the new vault give SRM holders an additional way to earn yield, it is also the second vault we’ve brought to market on Solana that allows anyone to bid on the vault’s weekly auctions alongside market makers.We drank the Serum and transformed into an improved DOV — What is it? - PsyFinance has launched a SRM Covered Call Vault that can be found on app.psyfi.io. Users can deposit their SRM and start generating 20%+ APY! The strategy uses SRM Call Options that are minted on PsyOptions European options architecture weekly and (now with v2) sold to anyone who wants to buy them during our weekly auctions. — How to use it? - Acquire $SRM through your preferred CEX or DEX., Go to app.psyfi.io and deposit your $SRM into the vault., ??? (The vault automates a Covered Call strategy), Profit, — Why is it important? - With PsyFinance’s v2 vault architecture, the SRM vault will sell the weekly call options on Serum’s order books. That means anyone who is interested in purchasing SRM call options can bid on them each week alongside the existing market makers, creating yield for the vaults. This is a huge step forward in democratizing access to financial products for all Solana users! Learn more about how to bid on the v2 vaults by viewing our docs...
PsyFinance v2 and What It Brings to the Table
It’s been one week since the launch of PsyFinance v2, and we couldn’t be more excited to have this protocol out in the wild for all to use. There have been quite a lot of improvements made to this version of the protocol, so let’s take a deeper look into what PsyFinance v2 brings to the table! — Protocol Improvements. — The major upgrade in PsyFinance v2 is our transition from American style options, to European style options. This transition will dramatically increase capital efficiency which in turn will lead to increased returns for our users! Another major improvement comes in the form of our new auction process. Previously, only white listed institutions could participate in the PsyFinance auctions, but not anymore! Auctions will now be held on the PsyOptions x Serum orderbook so anyone can bid on the weekly options alongside our market makers. Having a more competitive bidding process will improve pricing and boost yield for our users! Checkout our walkthrough guide here. We’re also focused on improving the user experience. Currently, users of PsyFinance v1 have to do the following: 1.) Initialize a receipt 2.) Deposit/withdraw the receipt and 3.) Exchange the receipt next epoch In v2, we have consolidated this process. Steps 1 and 2 will now be executed in a single transaction, and Step 3 will be done automatically via the program saving time and money! Additionally PsyFinance v2 will support c...