PSY token
Overview
PSY functions as the governance and utility token for the PsyFi ecosystem, which operates on Solana. Its primary use is within the PsyOptions protocol, a decentralized options exchange. The token supports protocol governance, can be staked to obtain fee discounts, and is accepted as collateral for options positions.
Within The Counterparty graph, PSY connects to 2 tracked entities, most strongly to Ethereum, PsyDAO.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 85% |
supports_token | PsyDAO | 75% |
Frequently asked questions
What is PSY?
PSY is an other tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Ethereum, PsyDAO.
What type of entity is PSY?
PSY is classified as an other (token) in The Counterparty knowledge graph.
What is PSY connected to?
In The Counterparty knowledge graph, PSY is linked to 2 other tracked entities, most strongly to Ethereum, PsyDAO.