Frustrated by the staggering barriers to entry in traditional finance markets, the PsyFi team turned to DeFi, where transparency rules and financial opportunity is open to all. With the unique tools we found with Solana, the team created a platform that had the power to offer users transparent and stable returns — without the risks attached to inflationary tokenomics.
PsyFi was started out of the necessity to provide a platform that generated accessible sustainable yield
PsyFi is a product built on PsyOptions, the underlying options infrastructure of Solana. Since 2020, we’ve established ourselves as one of the foremost innovators in the DeFi ecosystem by acquiring and building a constantly growing slate of new products. Here’s a snapshot of our evolution:
Denied API access trying to automate options strategy in equity markets.
Serum x Solana hackathon winner, building a physically settled, American-style options protocol.
Launched options trading on Serum.
Raised $3.5M seed round.
Raised $8.3M private round.
Acquired TapFinance (now PsyFi) to lead structured products in the space.
Launched PSY governance token
Launched Version 2 of PsyFinance
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