PsyOptions Build Decentralized Options on Serum Core
The news of the first integration follows today’s announcement of Serum Core. Solana’s fast and censorship-resistant blockchain is the basis for Project Serum Core, a protocol delivering the underlying liquidity infrastructure to decentralized applications.
Serum Core’s highly innovative, pure matching engine architecture, designed with decentralised derivatives in mind, will be used to create a fully on-chain decentralized undercollateralized European style options protocol on Solana.
PsyOptions was one of the very first derivatives protocols to build on Serum and Solana, winning the first Solana Season hackathon, and going on to become highly respected and beloved contributors to Serum’s development. PsyOptions’ commitment and shared vision with the Serum ecosystem are underscored by their willingness to adapt and build in sync with important upgrades to the Serum and Solana ecosystem.
How does PsyOptions work together with Serum Core?
PsyOptions uses Serum Core to create an under collateralized European options protocol. Removing the requirement for token based positions allows for a robust portfolio margining system across many positions. This drastically increases the capital efficiency as compared to the PsyOptions American style protocol.
About PsyOptions
PsyOptions aims to become one of the foundational DeFi primitives on the Solana blockchain. Providing a clearing house infrastructure to the Solana ecosystem will allow for increased composability between protocols, helping teams align incentives between themselves, their investors, their community members, and more.
About Project Serum
Project Serum is a liquidity infrastructure protocol for DeFi protocols built on the Solana blockchain.It offers an on-chain central limit order book (CLOB) that gives developers access to matching services and shared liquidity across all protocols built on Serum.
