PSY PsyOptions

$0.00025587

-0.67%

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Rank #1612
Market Cap -4.22% $101,245
24H Spot Volume -8.41% $17,597.76
24H Volume / Market Cap +17.00%
Circulating Supply 395,689,148.50
Total Supply 999,999,879
Max Supply 999,999,879.00
Fully Diluted Valuation $255,870
API ID psyoptions
Project Start Date -
Contracts & Explorer(s) PsyFi...GHfSq
Websites Website
Links

About PSY

PsyOptions is an on-chain American-style option protocol on Solana.

PsyOptions is an American-style options protocol built on the Solana blockchain. To write an option, one must lock the underlying asset in the amount specified by the option market. For a $SOL/$USDC option with underlying asset size of 100, 100 $SOL would be locked in order to mint the option token. The option writer will receive two $SPL Tokens. One represents the option, which the user may sell to generate yield. The other represents the written contract (the claim on the underlying asset) and can be exchanged for the underlying asset post expiration.

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