PsyOptions
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PsyOptions

PsyOptions BiWeekly Update

Another sprint is in the books, and it’s time for the community update! This sprint was generally focussed on getting our Beginner UI out to users, squashing any pesky bugs that have cropped up, and getting our initialize markets page ready for protocols to use in their options liquidity mining and/or incentivized token options initiatives. Core contributor Tommy Johnson also had his own mini-hackathon this past weekend, and knocked out the psy-vesting contract! More on that below.

Shout out to koldbreu#7620!

Product Updates

One of our primary goals after launching on mainnet back in August was to develop a UI that made trading options easier for the beginner user. Trading in general can be a daunting task for someone just getting started, and even more so when the user is dealing with derivatives such as options. To alleviate this, and help users dip their toes in the water, we developed a “Beginner UI”. The goal of this was to streamline the experience, and make it easier for less experienced traders to get exposure to options. The Beginner UI is live now on mainnet, however, we’re still working on fixing a few bugs and optimizing the UX. To reiterate, it’s still in beta testing. Use at your own risk. If you still decide to use it and run into any issues, please let us know in our support channel on Discord.

We also spent this past sprint getting our initialize markets page ready for protocols to use in options liquidity mining and/or incentivized token options initiatives. This initial page is just the “bare minimum”, and we plan on expanding it further to make things easier for both protocols, and the user/contributors who receive options from them. During this upcoming sprint we’ll be working on completely removing the markets meta package from the protocol. Currently, when you initialize an options market you have to add the market metadata to our markets meta package for it to be displayed on the PsyOptions UI. This can be a real pain, and we want to get a better solution out ASAP.

Finally, one of our core contributors Tommy Johnson whipped up the “psy-vesting” contract over the weekend. The idea is to allow individuals with vested tokens to push back their vesting unlock date until they are comfortable with unlocking them and assuming the tax burden that comes along with it. You can check out the repository here.

Community Updates

As for the community updates, there are a few things we’d like to remind you of! First, we’ve started accepting community submissions to the PsyOptions Medium. If you have any options insight, or an interesting perspective on where PsyOptions could head in the future feel free to submit a piece! You can check out the first two submissions here and here.

We also held a NFT giveaway with JungleCatsIO since our last update, and gave away the honorary PsyOptions Jungle Cat they made for us. Congrats to the winner!

The Honorary PsyOptions Jungle Cat

Finally, we also started the PsyOptions YouTube channel! Our first video went over how to set up a Phantom wallet. You can check it out here.

As always, make sure to follow us on Twitter and join our Discord and Telegram servers. We’re looking forward to having you as part of our community!

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PsyOptions is a decentralized options protocol built on top of the Solana blockchain.

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