PSY is a stablecoin that will enable high leverage and stable utilities with highly scalable LSD collaterals.
PSY is now live on Arbitrum
Today, we are thrilled to announce that PSY, a decentralized lending protocol with LSD-backed stablecoin, is now live on Arbitrum Mainnet. Users can mint $SLSD by collateralizing $sfrxETH at the PSY launch. https://mirror.xyz/0xEa8459cbA0A12966c700d1737E88d17Cb29a4E73/sjltfT0zaFNw5Prw9NN6MBdDmgMRD1-ctcVeg2KKRq4What are PSY and $SLSD?We launch PSY to deliver a decentralized stablecoin, $SLSD, with great scalability by creating a more capital-efficient and user-friendly way to borrow stablecoin...
PSY is now live on Arbitrum
Today, we are thrilled to announce that PSY, a decentralized lending protocol with LSD-backed stablecoin, is now live on Arbitrum Mainnet. Users can mint $SLSD by collateralizing $sfrxETH at the PSY launch. https://mirror.xyz/0xEa8459cbA0A12966c700d1737E88d17Cb29a4E73/sjltfT0zaFNw5Prw9NN6MBdDmgMRD1-ctcVeg2KKRq4What are PSY and $SLSD?We launch PSY to deliver a decentralized stablecoin, $SLSD, with great scalability by creating a more capital-efficient and user-friendly way to borrow stablecoin...
Frax Finance and Ramses becomes launch partners
Hi, PSY, the first LSD-backed stablecoin on Arbitrum, will transition from the testnet in the coming days. Today, we are announcing that we have partnered with Frax Finance and Ramses as launch partners. In this article, we'll delve into why we selected them as our launch partners and discuss our future plans with them.TL;DR of the collaboration$sfrxETH will initially be used as collateral on PSY, which is currently the only platform accepting $sfrxETH as collateral.PSY will establish a ...
Frax Finance and Ramses becomes launch partners
Hi, PSY, the first LSD-backed stablecoin on Arbitrum, will transition from the testnet in the coming days. Today, we are announcing that we have partnered with Frax Finance and Ramses as launch partners. In this article, we'll delve into why we selected them as our launch partners and discuss our future plans with them.TL;DR of the collaboration$sfrxETH will initially be used as collateral on PSY, which is currently the only platform accepting $sfrxETH as collateral.PSY will establish a ...
PSY's Community Call #1 Summary
We’d like to say massive thanks to all of you who joined PSY’s first community call on 23rd June 2023. We appreciate all your support. This is a recap of the entire session, in case you missed it! Listen to the recording of the PSY’s first community call session here. Gatsby: Hello, I’m Gatsby from PSY, I mainly work on the business development. Today, in this video, I am going to give a presentation about our protocol PSY, including our mission, how PSY works, the unique feature over competi...
PSY's Community Call #1 Summary
We’d like to say massive thanks to all of you who joined PSY’s first community call on 23rd June 2023. We appreciate all your support. This is a recap of the entire session, in case you missed it! Listen to the recording of the PSY’s first community call session here. Gatsby: Hello, I’m Gatsby from PSY, I mainly work on the business development. Today, in this video, I am going to give a presentation about our protocol PSY, including our mission, how PSY works, the unique feature over competi...
Liquid staking derivatives market overview
IntroductionPSY is a community-driven, decentralized lending protocol designed to enable interest-free loans in a stablecoin - SLSD - by collateralizing multiple LSDs (Liquid Staking Tokens and their LP tokens). The protocol is set to be launched on Arbitrum. This article endeavors to provide a clearer understanding of the entire Liquid staking derivatives market.LSD (Liquid Staking Derivatives):Liquid staking derivatives (LSD) is one of the recent trends in DeFi. Typically, staking involves ...
Liquid staking derivatives market overview
IntroductionPSY is a community-driven, decentralized lending protocol designed to enable interest-free loans in a stablecoin - SLSD - by collateralizing multiple LSDs (Liquid Staking Tokens and their LP tokens). The protocol is set to be launched on Arbitrum. This article endeavors to provide a clearer understanding of the entire Liquid staking derivatives market.LSD (Liquid Staking Derivatives):Liquid staking derivatives (LSD) is one of the recent trends in DeFi. Typically, staking involves ...
Introducing PSY
IntroductionPSY is a community-driven, decentralized lending protocol designed to enable interest-free loans in a stablecoin - SLSD - by collateralizing multiple LSDs (Liquid Staking Tokens and their LP tokens). The protocol is set to be launched on Arbitrum. This article endeavors to provide a clearer understanding of PSY and its stablecoin, SLSD.Why LSD-backed stablecoin?We need decentralized stablecoinStablecoins serve as the foundation of the entire DeFi ecosystem. Nonetheless, a signific...
Introducing PSY
IntroductionPSY is a community-driven, decentralized lending protocol designed to enable interest-free loans in a stablecoin - SLSD - by collateralizing multiple LSDs (Liquid Staking Tokens and their LP tokens). The protocol is set to be launched on Arbitrum. This article endeavors to provide a clearer understanding of PSY and its stablecoin, SLSD.Why LSD-backed stablecoin?We need decentralized stablecoinStablecoins serve as the foundation of the entire DeFi ecosystem. Nonetheless, a signific...
