PSY

Announcement of project suspension Our goal has been to create a utilization layer for LSD and other yield bearing assets. It's been about a month since we launched PSY on Arbitrum. So far, we have added sfrxETH and wstETH as our collateral, but TVL remains sub 10k level.

If you have a question, ask us in our Discord channel. We deeply thank all the PSY community.

Sunsetting schedule 25th Aug: Announcement: Redemption fee lowered 25th Sep: Web site, app closure, Oracle stops working.

Announcement of project suspension Our goal has been to create a utilization layer for LSD and other yield bearing assets. It's been about a month since we launched PSY on Arbitrum. So far, we have added sfrxETH and wstETH as our collateral, but TVL remains sub 10k level.

4/ We're committed to broadening our collateral choices and addressing the requirements of the whole ecosystem. PSY aims to become the largest CDP platform for yield-bearing assets on #Arbitrum. Join us: app.psy.money

3/ And $stETH and $wstETH are growing steadily on #Arbitrum. While Lido's LSTs surpass projections, L2's innovative DeFi applications appear to trail behind.

📢 New Collateral Announcement 📢 As we embark on the initial phase of expanding @PSY_Stablecoin's ecosystem, we're pleased to introduce our integration with $wstETH, the largest Liquid Staking Token. We are supporting the expansion of the #LSDFi space on #Arbitrum!! 🧵👇

Now tracking @PSY_Stablecoin on @arbitrum PSY is a CDP platform for yield-bearing assets such as LSDs. PSY offers SLSD borrowing against a curated list of yield-bearing asset

FRAX/sLSD pool on @RamsesExchange got bribes from @fraxfinance. The vote APR is currently more than 10,000% 😏 app.ramses.exchange/vote

@GunnersToken @RamsesExchange oh thanks, just fixed

Juicy yields for the stable pairs on @RamsesExchange. Mint $SLSD on PSY, and don't miss out on the opportunity! #LSDFi app.psy.money

6/12 Why ve(3,3)? To expand the $SLSD ecosystem, we incentivize partners to adopt $SLSD as their stablecoin and DeFi users to provide liquidity in $SLSD paired pools through $PSY reward emission.

5/12 $PSY utility $PSY token serves various utility purposes within the ecosystem when it's implemented. • Emission vote • Governance Participation • Earn fees • Earn bribes • Earn rebase