PsyOptions Raises $3.5M for Options Liquidity Mining and NFT Derivatives

Posted on by American Coins & Gold

PsyOptions Raises .5M for Options Liquidity Mining and NFT Derivatives
A Solana-native options platform built by twin brothers Tommy and Taylor Johnson has closed its initial fundraising round today – the first step towards a host of unique options products including derivative-based liquidity mining and non-fungible token (NFT) options.Liquidity mining is a DeFi (decentralized finance) mechanism in which participants supply cryptocurrencies into liquidity pools, and being rewarded with fees and tokens based on their share of the total pool liquidity.According to a press release provided to CoinDesk, PsyOptions has closed a $3.5 million raise led by Alameda Research, with additional participation from CMS Holdings, Ledger Prime, MGNR, Wintermute and Airspeed18.In…