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PsyDo Update October 2022

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PsyFi
October 26, 2022

PsyDo Update October 2022

Hey all - The PSY DO has been head’s down working on new products throughout the summer and gearing up for a number of new product launches and partnership announcements in the coming months.

As for these updates, we’ll aim to keep them from month to month from here on out. This current update will be a roundup of what was accomplished during the last couple months of summer until now.

General Updates & Metrics

  • Doubled total $PSY holders to over 700 using the Fusion platform to reward holders. We still have a long way to go, but it has been promising to see that Fusion can drive token growth.

  • TVL had peaked at roughly $3.6M over the summer but has currently settled around $3.3M. We expect that a couple of new products launching this month and next will boost TVL growth.

Governance Updates

  • [ACTION NEEDED] - Please visit https://app.realms.today/dao/PSY and vote on the 5 proposals to fund the SRM rewards for the selected vaults.

  • Integrated the Voter Stake Registry as a community vote plugin for the PsyDO, allowing vested and locked token voting. This is a huge step in allowing PSY stakeholders a say in the future of the organization.

  • [In progress] - Batching proposals that will transfer control of cliff and vested tokens to investors and contributors.

Product Updates

  • New PSY landing page to pull together all the products under the PSY DO umbrella. Do check it out and let us know what you think!

  • New Low Risk, Market Making vault in partnership with Zeta Markets.

  • Launched $DUST vault in partnership with the DeGods team.

  • Launched $SOL Put Selling Vault.

  • Launched $FTT Call Selling Vault.

  • Launched first option with airdrop using the Fusion protocol with Arb protocol.

What’s in Store For Next Month

  • Continue experimenting with new products including call/put spread strategies and lower risk structures.

Where Can You Help

  • Please vote on the SRM rewards proposals as outlined in the governance section above.

  • Any products or services that you are dying to use but can’t find on Solana? If so we'd love to chat!

Let us know what you think about these updates, we’re always looking for ways to improve :)

Cheers,

The PSY DO

Site: https://psyoptions.io