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PsyOptions is an American-style options protocol built on the Solana blockchain. Options are represented as SPL Tokens, which means they can be traded on any DEX that supports SPL Tokens. PsyOptions V1 supports 100% collateralized, asset settled, covered calls and secured puts. PSY is just a governance token that uses on-chain voting to administer smart contracts and token treasury. Proposals will be made on-chain, and the PSY token will be used to vote on them.Minting and exercising fees, volume on permissioned Serum markets, and affiliate fees from the user interface coupled with Serum order books are all sources of revenue for the PsyOptions protocol. These payments are transferred into a governance protocol-controlled address where PSY tokens can make suggestions and vote.