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PsyOptions Review: What You Can Verify Before Trading

PsyOptions is described as a Solana protocol for asset-settled BTC and ETH options. Key details needed to assess trading costs, access and security are unclear.

By the SkyBitcoins review team · Updated

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At a glance

PsyOptions key facts

PsyOptions key facts
TypeOn-chain options protocol
NetworkSolana
MarketsAsset-settled BTC and ETH options
StyleAmerican-style options
TokenPSY
Audit listings2 listed; scope and findings unclear
Value locked$533K−3.8% 7d
Updated

PsyOptions FAQs

What is PsyOptions?

PsyOptions is an options protocol on Solana. It is described as offering asset-settled, American-style options for BTC and ETH.

What can you trade on PsyOptions?

The stated markets are BTC and ETH options, with settlement in the underlying asset. Current market availability is unclear, so check that the specific contracts you want are accessible before connecting a wallet.

What are PsyOptions’ fees, and has it been audited?

PsyOptions has not published fee details in the information available about the project. Two audit listings are recorded, but their scope and findings are not specified.

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How we checked

Sources

  1. defillama.com/protocol/psyoptions(opens in a new tab)

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