MYSO is launching the MYSO Token ($MYT) and distributing tokens to value-aligned communities, including the Curve DAO.
To check your eligibility and claim $MYT, go to: https://app.myso.finance/airdrop
MYSO's mission is to be the go-to place for advanced yield enhancement strategies, with a particular focus on bespoke covered calls and structured products. The MYSO v2 protocol has facilitated over $1.2M in covered calls, including with the Telos treasury as well as the Evmos treasury (see past transactions).
MYSO Finance originated out of the ETHOnline Hackathon in 2021, where it was awarded as one of the finalists. MYSO closed a $2.4M seed round in 2022 with several crypto-native investors such as HashKey, Wintermute, Nexo, and GSR.
The MYSO Token ($MYT) allows users to participate in the growth of the MYSO ecosystem. Post airdrop, $MYT will be distributed exclusively through the MYSO IOO, a novel token launch mechanism pioneered by MYSO. $MYT supply is fixed with fully diluted supply of 100,000,000 tokens and with the following distribution:
- Ecosystem Growth: 39.90% or ~39,900,000 $MYT
- Treasury: 30.00 % or ~30,000,000 $MYT
- Core Contributors: 19.17% or ~19,170,000 $MYT
- Investors: 10.93% or ~10,930,000 $MYT
Curve token holders can earn extra $MYT by doing a covered call through MYSO. How to:
- Step 1: Create your own non-custodial lender vault on MYSO.
- Step 2: Deposit at least $50,000 worth of CRV into your vault.
- Step 3: Get an indicative quote here. Simply select
Curve DAO (CRV)as token and decide which tenor, and strike combination you'd like to trade. - Step 4: Join MYSO Discord or MYSO Telegram, and share the indicative quote you'd like to trade.
- Step 5: Get matched with an institutional trading firm and receive 24% APY in $MYT.
Note: the $MYT yield is on top of the organic upfront stablecoin premium you earn from the CRV covered call.
MYSO v2 has been used by numerous token holders and treasuries, for example:
- Enzyme holder earning ~$12k USDC (97% APY) for lending $150k of $MLN for 30 days with a 110% strike
- UMA holder earning ~$7.4k USDC (45% APY) for lending $100k of $UMA for 60 days with a 120% strike
- Golem holder earning ~$6k USDC (104% APY) for lending $70k of $GLM for 30 days with a 120% strike
- Holo holder earning ~$4.7k USDC (57% APY) for lending $100k of $HOT for 30 days with a 120% strike
- Telos treasury lending $150k of $wTLOS for 30 days with a 110% strike (Trx1, Trx2, Trx3), and another $100k of $wTLOS for 30 days with a 110% strike.
- DIA holder earning ~$10.5k USDC (63% APY) for lending $100k of $DIA for 60 days with a 110% strike
- Evmos treasury lending $100k of $EVMOS for 30 days with a 110% strike, and another $100k of $EVMOS for 30 days with a 120% strike
- Beam holder lending $140k of $BEAM for 30 days with a 140% strike
- Liquity holder lending $150k of $LQTY for 90 days with a 110% strike
To see more transactions, please refer to our stats page.
