PSY Token Utilities

Besides ve(3,3) token functions, there are several utilities that PSY holders have exclusive accesses to:

Protocol Revenue

A PSY token holder who staked their tokens to Voting Escrow can claim accrued fees within the PSY protocol. There are revenues from the following sources:

• Borrowing fees

• Redemption fees

• Leveraging commission.

Access to Leveraging Functions and Special Collaterals

A certain amount of $vePSY token holders have exclusive access to advanced features within the protocol, including leveraging functions and special collaterals.

Leveraging functions allow users to maximize their potential returns by borrowing against their existing assets.

Special collaterals, on the other hand, are unique types of assets which wraps farming and staking within partner protocols.

Governance Voting Rights

As a decentralized protocol, PSY is governed by its community of token holders. As a PSY token holder, you have the right to participate in the governance of the protocol. This includes voting on key decisions such as changes to the protocol's rules, the addition of new features, or the allocation of protocol resources.

By participating in governance, you can help shape the future of the PSY protocol.