PsyOptions

PsyOptions is a vanilla options protocol built to fill a gap in Solana’s DeFi ecosystem.
0.0/5

What is PsyOptions?

PsyOptions is an American-style options protocol built on the Solana blockchain. Conceived when a large traditional brokerage wouldn’t allow retail traders API access to automate an options trading strategy, PsyOptions is a vanilla options protocol built to fill a gap in Solana’s DeFi ecosystem. With the speed of Solana and Serum’s flexibility to trade arbitrary SPL markets, all we needed was an options protocol to automate our strategy, yet none existed. Starting with American-style options (European style coming soon after), users can write and sell covered calls or cash secured puts to generate yield or hedge. These option “contracts” are represented as SPL tokens, which allows them to be traded on Serum’s order book.

PsyOptions Reviews

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