Wasabi is the first asset-backed NFT derivatives protocol in Ethereum launched in 2022.
There are three different derivatives of the product in the range:
Wasabi Perps
Wasabi Options
Liquidity Aggregation (Buy Now - Pay Later)
Wasabi Perps allow for long and short-term liquidation trades based on on-chain index price. Wasabi's perpetual contracts (perps) are physically settled and backed by Flooring protocol μ-tokens, providing stability and eliminating counterparty risk. Liquidity providers (LPs) can invest in ETH, μ-tokens or both to earn interest on the backed ERC-20 tokens.
Wasabi options allow traders to set long or short positions before the expiration date without any liquidation issues.
Wasabi offers the most liquid NFT derivatives market through liquidity aggregation, matching buyers with the most favorable terms across all NFT protocols to provide them with long and short positions.
