Why use Psy?
Reinventing community owned financial infrastructure.
PsyOptions aims to bring a TradFi feel to DeFi by building a decentralized, permissionless, and community-owned financial services platform. Our vision is to not only provide our users with a decentralized options trading platform, but to become the de facto on-chain financial services platform for DeFi users across the globe. Our initial options protocols are simply the first step along the path of building towards this goal.
The PsyDAO is one of the only true DeFi DAOs on Solana, meaning all the protocols are owned by the PsyDAO and the PSY token holders onchain through the Realms governance program . Why does it matter? Because the protocol is less suspecitle to private key attacks and the teams incentives are aligned with the PSY token holders. As of this writing, PsyFinance is also the only provider of vanilla structured products on Solana. With the addition of PsyLend and Call/Put spread strategy vaults, users will be able to greatly increase their capital efficiency on their option strategy while they earn sustainable yeild. These are both DeFi first primitives an unavailable anywhere else on Solana.
- PsyLend - A borrow lending primitive allowing users to borrow against their vault positions to improve capital effeciency, leverage, or hedge.