PsyOptions

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

PsyOptions's governance or utility token carries a market capitalisation of $6K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($6K) is small relative to deposits secured by the protocol ($554.2K); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jan 1, 2022
   Listed on DeFiLlama
2. Jun 10, 2024
   Withdrawal Only Mode Announced

PsyOptions is a Options protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Solana. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2024.

PsyOptions is a single-chain protocol, deployed exclusively on Solana — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($6K) is small relative to TVL ($554.2K) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for PsyOptions — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

PsyOptions is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure $85.6M in deposits, giving you a frame of reference for whether PsyOptions's own TVL is at the top, middle, or tail of the category.

Rysk V12

TVL $62.6M · 24h +4.61%

Hegic

TVL $9.8M · 24h -0.02%

Deri V4

TVL $7.8M · 24h +0.27%

Hypersurface

TVL $2.7M · 24h +3.58%

GammaSwap Open Interest

TVL $1.4M · 24h +0.51%

Jasper Vault

TVL $1.3M · 24h -0.03%