The PSYDO has launched the first of several bounty contests on Layer3 to kickstart this Big Week 💰

Help the DO by creating educational content around option vaults and earn up to $100 USDC!

To learn more and submit your bounty visit:
https://beta.layer3.xyz/contests/breakdown-how-option-strategy-vaults-work 👈🏽

We will be having a twitter space with FRANK from DEGODS today to talk about our upcoming vault and what this means for our community!


Let's show our support and join in full force!! BIG THINGS ARE COMING!!!!


https://twitter.com/PsyOptions/status/1549463853293096964?s=20&t=1QT3kZqC6161X9pwYFKEwA

Twitter Space will be starting soon!! Don't miss out!! https://twitter.com/i/spaces/1ynJOZajDNEGR?s=20

GM all you DOers out there! The core team has been discussing how to best spend our time while engaging as many communities as possible all while providing value and great resources for everyone.

The team has decided to pause our weekly Monday community calls as the team felt our team updates were not attractive to most users. We will still have twitter spaces but will focus on quality updates or bringing on special guest to have a more engaging space.

If you want summary focus team updates outside of Discord please subcibe to our newsletter!

You will be able to find the most important topics, key features and updates there! https://psy.beehiiv.com/subscribe

Last update, we are holding another Saga Phone Giveaway on twitter! Make sure to enter for a chance to win!

https://twitter.com/PsyOptions/status/1550177274670063616?s=20&t=NqwdewQPNJYvX9sl0gLN4Q

Hope you all have a great weekend! 🙌

Last announcement for today:

PsyDO will be launching an xNFT so that users will be able to manage their PsyFI vault positions right from their phones!!!

No wonder why we are giving away a Saga Phone. They will go hand in hand for Dapps going forward on Solana and the PsyDO is one of the first to develop an xNFT app!

DO'ers DO so start DOING!!!!!

https://twitter.com/PsyOptions/status/1550556270104645633?s=20&t=T-binD9xULD_klUnsMuafQ

Who’s excited for Fusions first airdrop?

Fusion is a service that allows projects/teams to raise money and distribute tokens/rewards through airdropping Call Options to the wider community. The Arb team has taken the snapshot of both PSY and ARB token holders and will be distributing the options to holders when their team is ready. For more information about ARB, you can join their community!

To learn about the airdrop and additional info on Arb Protocol please read this article. We recommend just holding $PSY tokens to benefit from our community, vote on governance proposals and receive future option airdrops from Fusion!

https://mirror.xyz/0x1254ac8EB55678cFbcb4047488385B9D27776Ff3/g6mtJVKzOewGEeOdPCy7GLEPcM_cgaXmkvk-Pqi-6O4




The Arb team will be distributing
Fusion is a service that any project can airdrop tokens on communities! Airdrops are not financial advice or endorsements from the PSYDO.

Hold PSY, receive benefits!! LFG!!

ARB distributions are underway. Head to https://app.projectfusion.io/ and connect your wallet to see your airdropped options. Here you can see the number of options, strike price and the expiration date. We will release a step-by-step guide on how to exercise your options and best practices so stay tuned to learn more! Please read and understand the risks before exercising! Always ask a team member if you have questions!

Shoutout to the ARB team for being the first protocol to airdrop options on Fusion!!! A huge accomplishment and milestone for both our communities!

PSY Contributors are hosting a survey to get your feedback on our core products. We will have some prizes for those that fill out the survey!

https://forms.gle/x9NP8L9CozJS6Ad56

We will also be joining a twitter space on August 8th 4pm UTC with other protocols to discuss community, values and culture. Join us to see how other protocols think of community and ways on how to become more involved!

https://twitter.com/lighthouse_dao/status/1554406661044850689?s=20&t=jn2vb9iqAkdLN0matA63Ag

PsyDO Contributors put together this roadmap covering the steps we've taken towards decentralizing the PsyDO stack, and what is coming up next


Make sure to check out the article to learn more about how the PsyDO will aim to become a fully decentralized organization.

What are your thoughts on decentralization?

https://mirror.xyz/0x1254ac8EB55678cFbcb4047488385B9D27776Ff3/MtlN4Dj4UPaJnVHbWoEdPhuvwvA_X38Z5zHm2wWzH_4

Who's seen the newest feature on the vault page?

Now your able to quickly see how much your entire portfolio is worth that you have in deposits and in pending reward withdraws!

Go check it out and let us know if you like the new addition!

👉 https://www.psyfi.io/vaults

Also don't forget our auctions coming up in less than 24hrs! Anyone can participate!

https://twitter.com/PsyOptions/status/1557783063765073924?s=20&t=NZ6WDyS9GG76EwplCy_oJg

Come join some of our contributors on a twitter space with the Socean team at 6pm UTC! As you know, PsyFi offers scnSOL vaults where you are able to stake your interest bearing SOL in our vaults to earn more APY! This will be a fun one!

https://twitter.com/soceanfinance/status/1560256038250618880?s=21&t=3ToaHZzb0NNcVzRUAR1oxg

I heard we might also have a special twitter space tonight discussing the DUST Vault, how to participate, what the advantages and risks are with some guests speakers 👀

Lastly, we have been invited to go hangout in a community members DAO twitter space to help explain to their members what PsyFi is and how to get involved. Some of our community will be hanging out in there for fun. Feel free to check it!

https://twitter.com/i/spaces/1OyJADLrAknGb

We want to support and encourage contributors of all types. Remember, everything here is sharing information and please do your own research.

Come join our twitter space to learn about the DUST vault and how to participate in the bidding auction process

https://twitter.com/psyoptions/status/1560431938678263813?s=21&t=k1_yWgZBSR-GgEvTT_Kz_w

Today marks 1 year since PsyOptions launched on Solana Mainnet! The Organization has completed serval large milestones and continues to provide product for our community and tools for the greater Solana ecosystem.

Check out this thread to learn about the journey PsyOptions has taken to become the PsyDO.

https://twitter.com/PsyOptions/status/1561822127812116480?s=20&t=vzMp5PY4JJ8sGLCdiyzxuw

Thank you all for being here and being apart of our journey in the Web 3 space. We could not have gotten this far without all our supporters from our greater community. We appreciate every single one of you that has interacted with our products, our socials or has met with us in some way, physically/digitally.

What are some of your greatest moments from this past year? What are you looking forward to this year? How do you want to get involved within the PSYDO?

We aim to make this year the best one yet and continue to make our community proud to be PSY holders!!! We are building through this bear market and taking you all with us!! LFG!!!! 🚀🔥💯

NEW FEATURES ON PSYFI

New Vault Offering

SOL Put Selling Vault is live! Feeling Bullish/Long on an asset? Deposit USDC and earn yield when SOL performs at or above the strike price! This vault is currently live, ready for deposits and is planning to run starting this Friday

Compound Your Rewards

You can now deposit your SRM rewards into the SRM Call Vault right from the Rewards tab to further compound your gains! Earn additional yield week over week by using your SRM tokens to generate additional revenue for your portfolio!

A reminder that the DUST Vault will be holding auctions later this evening, ~8hrs from now.

Just a forewarning, the DUST vault is on track to take a hit this week due to the massive pump going above the selected strike price. Luckily, we have boosted SRM rewards to help offset price appreciation.

To benefit from any additional price pumps going into next week, consider buying DUST call options during tonights auction!

DUST auctions are held every Thursday at 1am UTC to accommodate that community.

ALL OTHER VAULT AUCTIONS WILL BE HELD ON FRIDAYS!

We will send another announcement when DUST vaults are beginning.

DUST AUCTIONS ARE LIVE!!!!

Head over to the link below to bid on DUST options. Bidding process will last another 25 minutes!

Don't miss out!! https://euros.psyoptions.io/

Airdrop alert! 🚨🪂

We just airdropped an NFT that gives vault depositors early access to PsyLend!

Find out more here: https://twitter.com/PsyOptions/status/1612827364526018561?s=20&t=s04hXa7nxMJjlPgSCDOtcw

Interested in bidding on $BONK options?

Here's a friendly reminder that vault bidding will be live in 24 hours, at 0900 UTC:

http://euros.psyoptions.io