 | Psy Options (PSY) |
FTX
GatePsyOptions’ first product is an American-style options protocol built on the Solana blockchain.
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Gate.io StartupWhat is Psy Options
PsyOptions aims to become one of the foundational DeFi primitives on the Solana blockchain by offering completely trustless American style options for any SPL token.
Providing this clearing house infrastructure to the Solana ecosystem will allow for increased composability between protocols, helping teams align incentives between themselves, their investors, their community members, and more.
PsyOptions makes no assumptions on price, and allows users to price how they want. Market makers on Serum will price options as they see fit.
PsyOptions is the “option factory” and settlement layer. The protocol makes no assumptions on price, allowing users to price how they want. The protocol also makes no assumptions on the size of option contracts. This makes PsyOptions flexible, composable, and allows others to build on top of it.
Psy Options Roadmap
$PSY IEO January 18th, 2022 on FTX and Gate.
Take PSY Markets v1, a protocol with portfolio margined European style options, to Devnet.
Launch options portfolio manager with non-trading UI, and exercise recommendation for recipients of option based liquidity mining.
Take PSY Markets v1 to Mainnet.
Launch a swap based DEX.
Expand PSY Ecosystem structured products beyond short vol.
SY Markets v2: Integrate futures trading.
PSY Markets v3: Integrate spot markets.
Token Sale Dates
IEO
IEO
Token Allocation
Funding Details
Restrictions
Afghanistan, Albania, Belarus, Bosniaand Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, North Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, United States of America, Italy, Germany, Lithuania.
Token distribution
Team/Contributors/Advisors - 15%
Private Round 1 - 5%
Private Round 2 - 7%
IEO - 3%
DAO Treasury - 60%
External Contributor Fund - 8%
PSY Liquidity Provisions - 2%
Token Price and Payment Options
Project team
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