PsyFi Documentation
  • Welcome to PsyFi
    • Why use PsyFi?
    • PsyFi Product Suite
    • PsyVaults - Vaults Product
      • 🏗️Covered Calls & Secured Puts Vaults Architecture
      • 📶Leveraged Strategy Vaults (Call Spreads & Put Spreads) - Currently Paused
      • 💹Market Making Vaults - Currently Paused
      • 📚PsyVaults Resources
        • PsyFi Vault Contracts
      • 👩‍🏫PsyVaults Tutorials
        • 💵Weekly Bidding on V2 Vaults
        • 💰PsyVault Rewards
          • Auto-Deposit into PsyLend to Earn Rewards
          • Understanding Staking Rewards
          • Boosting your Staking Rewards
      • ❓PsyVaults FAQs
    • PsyLend - Structured Products Lending
      • 👩‍🎓Tutorials - Supplying & Borrowing
      • 🎰Supply & Interest Rate Calculations
      • 🅿️Lending Parameters
      • ⚒️Liquidations
      • 💰Rewards
      • ⚡Fees
      • *️Risks & Insurance Fund
      • PsyLend FAQs
      • PsyLend Glossary
  • PsyFi DAO Audits
    • Audits
  • Build with PsyFi
    • Options Protocol
      • American Style Options
      • Tokenized European Style Options
      • Under-Collateralized European Style Options
      • PsyOptions FAQ
    • Fusion - Airdropping Options - Deprecated
      • 👩‍🏫Fusion Tutorials
        • Users: Option Rewards and What You Can Do With Them
        • Users: Claiming Airdrops Through Fusion
    • Developers
      • Program Integration
      • Client Integration
        • Namespace: instructions
        • Namespace: serumInstructions
        • Namespace: serum utils
        • Enumeration: ClusterName
        • Enumeration: ProgramVersions
        • Class: Validation
      • PsyFi DAO Contributor Support
    • Designers
      • Logos
      • Fonts
  • Options Education
    • Styles of Options
    • Calls & Puts
    • Option Strategies
    • Glossary
  • PSY Token & DAO
    • PSY Tokenomics
      • PSY Token Unlock Schedule
    • Governance Infrastructure & Tokenomics
    • Governance Parameters
    • PSY 2.0: PSY Stake and DeMux Overview [RFC]
    • Governance Tutorials
      • Governance Overview & Walkthrough
      • Initializing a Proposal Using Poseidon [RFC]
      • PsyOptions Protocol Governance Actions
      • Voter Stake Registry Set Up
        • How to Lock Your Own Tokens
        • How to Propose Issuing Locked Tokens
        • How to Propose Clawing Back Granted Tokens
      • PSY 2.0 - How to Stake Your PSY to Start Participating in PSY 2.0 Governance
      • PSY 2.0 - How to Claim Rewards For Staked PSY
      • PSY 2.0 - How to Setup a RewardPool
      • PSY 2.0 - How to perform DeMuX Actions on Reward Pools [RFC]
      • PSY 2.0 - How to view tokens that are sent to DeMux [RFC]
    • Governance FAQ
      • 🐛PSY DAO Bug Bounty
    • Poseidon [RFC]
    • PsyFi DAO Contributors
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  1. Welcome to PsyFi

PsyLend - Structured Products Lending

At time of writing there is roughly 200M USD of notional in various crypto structured products and decentralized option vaults (DOV) on chain. These products mostly fully collateralize the options they sell using COIN (e.g., SOL for selling SOL Calls). While this is useful to stay in your underlying of choice, it's massively capital inefficient. Enter PsyLend, a new over-collateralized lending primitive that builds upon existing protocols' LP tokens to unlock the liquidity within crypto structured products. With PsyLend, users can:

  • Gain instant liquidity by borrowing against their DOV positions

  • Lever up their DOV Positions

  • Create a synthetic hedge against DOV underlying prices.

  • Lend assets (including USDC and SOL) to generate low-risk yield

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Last updated 1 year ago