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Weekly Options Bidding
PsyFinance's V2 Vault architecture runs its bids on Serum's orderbook. That means anyone can bid on the options sold by the vaults alongside the existing market makers. Below is a handy guide on how you can bid on any V2 vaults option flow.
Times shown below are subject to change.
#1: Friday 0900 UTC - Open Link to Vault Orderbook at euros.psyoptions.io
All vaults that are selling options will be available from a single page when bidding is announced. Generally bidding starts at 0900 UTC each Friday, but stayed tuned to announcements on discord or twitter for any changes to the weeks bidding schedule.
#2: Friday 0900 - 0930 UTC - Place bids on UI
Time left to bid is shown on upper left side of page. Enter your bid price in USDC (A) and how many contracts you wish to purchase (B). All pertinent information of the options will be displayed on the UI (C).
#3: Friday 0930 UTC Onwards - Settle Purchased Options
Approximately 30 minutes after the auctions starts, the vault will sell through the orderbook. If your order has been filled, it will appear in Winning Bids/ Unsettled Funds (A).
#4: Friday 0930 UTC - Cancel Open Orders for Unwon Bids
If none of your bids win, or if you wish to cancel your existing orders, you may do so by clicking “cancel” under Open Orders (A).
#6: Friday+7D 0800 UTC - Settled Purchased Option if In The Money
If your purchased options expire in the money. Visit https://euros.psyoptions.io/portfolio to claim your P&L.