Gate will list PsyOptions (PSY)

Gate is going to commence PsyOptions (PSY) trading at 14:00 on Jan 21st (UTC), 2022.



About PsyOptions ($PSY):

PsyOptions’ first product is an American style options protocol built on the Solana blockchain. The principles that have guided the architecture and development of the core protocol are flexibility and composability. It is completely trustless. The core protocol makes no assumptions on how the options should be traded or priced. Options are represented as SPL Tokens, which means they can be traded on any DEX that supports SPL Tokens.



Token symbol: PSY

Website: https://www.psyoptions.io/



PsyOptions (PSY)Trading starts: 14:00 on Jan 21st (UTC), 2022.



Deposit PsyOptions (PSY) at： https://www.gate.com/myaccount/deposit/PSY

Trade PsyOptions (PSY) in USDT market via:https://www.gate.com/trade/PSY_USDT

Trade PsyOptions (PSY) in ETH market via:https://www.gate.com/trade/PSY_ETH



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Gate will open an Automated Market Maker (AMM ) for PSY, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.



AMM Trading Market and AMM Liquidity Mining

Gate has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.



The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:

1. Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
   
2. A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
   
3. Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
   
4. Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
   
5. Liquidity providers can take bonuses and withdraw at any time
   
   
   
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   Gate Team
   
   January 19th, 2022