Psy Options (PSY)

IEO

Last updated: Jan 06, 2022

PsyOptions’ first product is an American-style options protocol built on the Solana blockchain.

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

What 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.

Details

IEO (Gate Launchpad): Jan 18, 2022 - Jan 18, 2022
IEO (FTX Launchpad): Jan 18, 2022 - Jan 18, 2022
Token supply: 1,000,000,000 PSY
Raised: 3,500,000 USD

Legal

Blockchain Platform: Solana
Country limitations: 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.
Registration year: 2021

Token info

Ticker: PSY
Type: Utility-token
Token price in USD: 1 PSY = 0.12 USD
Accepted currencies: USDT, FTT, USD
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%

Psy Options Roadmap

Q1 2022

$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.

Q2 2022

Take PSY Markets v1 to Mainnet.
Launch a swap based DEX.
Expand PSY Ecosystem structured products beyond short vol.

Q3 2022

SY Markets v2: Integrate futures trading.

Q4 2022

PSY Markets v3: Integrate spot markets.