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PSY

PsyOptions  

#PSY

PSY Price:
$0.00851
Volume:
$10.4 K
All Time High:
$0.22
Market Cap:
$6.1 M


Circulating Supply:
721,302,499
Exchanges:
1
Total Supply:
999,999,878
Markets:
1
Max Supply:
1,000,000,000
Pairs:
1



  PSY PRICE


The price of #PSY today is $0.00851 USD.

The lowest PSY price for this period was $0, the highest was $0.00851, and the current live price for one PSY coin is $0.00851493.

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.


  PSY OVERVIEW


The code for PsyOptions crypto currency is #PSY.

PsyOptions is 1 year old.


  PSY MARKET CAP


The current market capitalization for PsyOptions is $6,141,842.

PsyOptions is ranked #1133 out of all coins, by market cap (and other factors).


  PSY VOLUME


There is a modest daily trading volume on #PSY.

Today's 24-hour trading volume across all exchanges for PsyOptions is $10,436.


  PSY SUPPLY


The circulating supply of PSY is 721,302,499 coins, which is 72% of the maximum coin supply.


  PSY EXCHANGES


PSY has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.


  PSY RELATED


Note that there are multiple coins that share the code #PSY, and you can view them on our PSY disambiguation page.


  PSY RESOURCES


Websitewww.psyoptions.io
Whitepaperdocs.psyoptions.io
TwitterPsyOptions
Telegrampsyoptions
DiscordEw3dq7dKwp
Mediumpsyoptions


  PSY DEVELOPER NEWS



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...




Announcing the PsyFinance x Socean Partnership!

Swimming in a Socean of yield We’re excited to announce that PsyFinance and Socean have teamed up to launch a scnSOL covered call vault on PsyFinance’s new V2 vault architecture! Not only does the new vault allow scnSOL users a new way to earn yield while aiding in the decentralization of Solana, it is also the first vault on Solana that allows anyone to bid on the vault’s weekly auctions alongside market makers. — What is it? - PsyFinance has launched a scnSOL Covered Call Vault that can be found on app.psyfi.io. Users can deposit their scnSOL and start generating 20%+ APY with the staking rewards they are already receiving! The strategy uses scnSOL to collateralize SOL Call Options that are minted on PsyOptions European options architecture weekly and (now with V2) sold to anyone who wants to buy them. — How to use it? - Head over to Socean and stake your SOL to receive $scnSOL back., Go to app.psyfi.io and deposit your $scnSOL into the vault., ??? (The vault automates a Covered Call strategy), Profit, — Why is it important? - Staking your SOL aides in decentralization by providing validators SOL to validate the network. With Socean, you can not only stake your SOL and earn staking rewards, but you can also use the scnSOL in other DeFi protocols like PsyFinance to double dip on yields. Additionally, with PsyFinance’s V2 vault architecture, the scnSOL vaults will sell the weekly call option...




Psy Biweekly Update

In this update we will be covering the progress made thus far on our next product, an under-collateralized and cash settled European style options trading protocol, primarily our on-chain Black-Scholes algorithm that we’ve been working on for it. Additionally, we have a few community updates for the Psy faithful! Friendly reminder before we get into the update: SOL options are live on PsyOptions! — Product Updates. — For our upcoming European style options protocol, currently dubbed “PsyMarkets”, we’ve been trying to figure out how to counter certain attacks on the market in times of low liquidity, and generally how to stop users from getting liquidated when the market has poor liquidity. We also settled on using Black-Scholes to set limits on the market price of the option for collateral purposes. Black-Scholes on-chain is a fairly big technical challenge. It requires hard math that eats a lot of resources, plus you need IV and risk-free interest rate information that is currently not offered on Solana yet. Here’s a chart to demonstrate how close the estimate provided by our prototype is to the real prices currently available on PsyOptions SOL markets. (NOTE: This is not financial advice, Black-Scholes pricing is not completely accurate for American style options) The on-chain version is working, albeit rather slowly. At current compute limits we can support 2–3 solo positions per mark price update, h...




PsyFinance: Tapping into Structured Products

PsyFinance’s long term vision is offering sustainable yield through options strategies to the Solana Ecosystem. PsyFinance will add a number of different vaults for a wide variety of single token assets for users to select their strategy depending on their market outlook. The problem using option strategies to generate yield on idle single token assets requires lots of time and domain expertise. The barrier to entry for users is high, leading to wasted time manually compounding gains and unrealized opportunities to generate yield. — PsyFinance Solution - Automated Yield Strategies PsyFinance vaults will automate option strategies for users. Each vault will execute a particular strategy, such as put selling or covered calls. Different strategies will have different expected returns, so users can select their vault to meet their own outlook on the market. Additionally, all yields are auto-compounded to maximize gains while minimizing effort. Learn more via our documents: docs.psyfi.io 👈 If earning passive yield on your Solana assets sounds interesting, let’s see how we can get involved using PsyFinance Vaults! If you are on our landing page click on “Vaults” or “Structured Products” This will take you to the PsyFinance Vault features to deposit and earn! There are a number of different asset vaults and strategies we can choose from each with its own benefits. Make sure to check out our Documents for addit...



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