Wasabi

Wasabi is an asset-backed leverage trading protocol allowing users to long, short, and earn on tokens, starting with meme coins and NFTs. It provides security by holding the asset spot while leveraging, offering advantages for hedging, earning, and speculation.

Seed Round: $3 Million

Whitepaper

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What is Wasabi

Wasabi is the asset-backed leverage trading protocol. Long, short, and earn on your favorite tokens, starting with long tail assets such as meme coins and NFTs.

Long tail assets have unbound upside potential, and perps relying on synthetic indices don’t do justice to them.

Asset-backed derivatives offer users the security of holding the asset spot while gaining the benefits of leverage.

This allows market participants to easily and affordably hedge, earn, and speculate on their favorite tokens.