November 9, 2023

From Armada surpassing a TVL of $1 million to SDX hitting an open interest peak of close to $100,000, it's been a month of pivotal strides. Here’s a look at PsyFi’s October.

DAO Treasury Growth and Vault Performance

While almost all of our vaults were in the green, the premiums earned fell as October had one less epoch than the previous month.

DAO Treasury: $2,141,633 (-37.92% MoM)

  1. USDC: 686,015.115 ($686,015) (+0.04% MoM)
  2. HXRO: 2,060,496 ($256,142) (-3.25% MoM)
  3. scnSOL: 172.437 ($8,749) (+118.23% MoM)

Vault Performance: Monthly Overview

  • BTC Secured Put Vault

Premiums earned: 1,812.6USDC (-29.91% MoM)

Historical performance (3 months): -13.03% APY

  • SOL Covered Call Vault

Premiums earned: 26.88SOL (-16% MoM)

Historical performance (3 months): -12.82% APY

  • SOL Secured Put

Premiums earned: 125.37‬ USDC (-16.42% MoM)

Historical performance (3 months): 8.27% APY

  • ETH Covered Call

Premiums earned: 0.08 ETH (-11% MoM)

Historical performance (3 months): 6.66% APY

Armada surpasses $1,000,000 in TVL

In October, we witnessed exciting firsts within the Solana ecosystem, thanks to Armada's innovative token launch mechanisms. Armada is at the forefront of all things tokens so teams can focus on their core product. Armada handles on-chain token launches, liquidity, governance, and tokenomics.

Armada’s Debut Successes:

  • Flowmatic's FM Token Launch: Utilizing Armada’s CLMM launch mechanism, Flowmatic has successfully launched their FM token, marking a significant first for Armada. This mechanism, designed for fair and transparent distribution, is a testament to Armada’s flexible and adaptive infrastructure.
  • Cypher’s Token Launch via LBC: Cypher has embraced Armada’s Liquidity Bootstrap Curve (LBC) for their token debut. This mechanism, with some similarities to a dutch auction, ensures equitable token launches and fair price discovery, showcasing Armada's capability to tailor to diverse project needs.

Joining the Fleet and TVL Achievement

Both Flowmatic and Cypher have now joined Armada’s expanding fleet, contributing to an impressive milestone: Armada's Total Value Locked (TVL) has soared past the $1 million mark!

This achievement underscores Armada’s growing influence and the trust placed in its protocols by innovative Solana-based projects.

Armada at Breakpoint 2023

In addition to 2 teams joining the fleet, our co-founders, Tommy and Taylor Johnson, had the privilege of speaking at Solana Breakpoint.

Key highlights of their talk includes:

  • Addressing DAO challenges: Tackling efficiency, agility, and effective organization in DAOs.
  • Introducing Armada Fleet 2: Enhancing community participation and protocol liquidity. Features include SPL Governance Plugin for dual-purpose staking and the Armada DeMUX protocol for dynamic revenue distribution.

You can watch the full talk here:

SDX: Solana Derivatives Exchange

October has been a remarkable month for SDX, marked by significant growth and engagement. Here’s what’s been happening:

  1. Enhanced User Onboarding: We've ramped up our efforts in onboarding testers, welcoming more participants to explore and experience SDX. The influx of new users is vital for fine-tuning our platform and gearing up for a wider release.
  2. Trading Credits Giveaway: To kickstart the trading journey for our new users, we distributed trading credits. This initiative not only spurred activity on SDX but also provided valuable real-world testing of our systems.
  3. Spike in Open Interest: With SOL's recent price pump, SDX experienced a surge in activity, hitting an open interest peak of close to $100,000! This milestone is a strong testament to our goal of bringing options back to Solana.

You can start trading here:

What can you help with?

1. Know teams on Solana that are thinking about launching a token or diving deeper into tokenomics? Feel free to reach out to us here.

2. Buy some call options: With SOL pumping, now’s the perfect time to buy some call options. On us. We're offering trading credits so you can experience SDX firsthand. Reach out here.


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