Trade

I’m trying to open/close a position but am getting failed transactions, what should I do?

• There are various parameters we look at when deciding to list a project, these include market cap, holder distribution, volatility and more.

What happens when I go LONG?

• When you open a long position, margin is borrowed from the ETH vault, combined with your down payment and is used to purchase the underlying token. The underlying tokens are then held as collateral for your position.

What happens when I go SHORT?

• When you open a short position, margin is borrowed from the respective token vault, combined with your down payment and sold to the market for ETH. The ETH received is held as collateral for your position.

Is there a funding rate?

• No there is not, there are only borrow rates - The borrow rate is the interest you pay for the margin, your liquidation price will very slowly go up with time as you pay interest.

Why the difference between index price and entry price upon opening?

• When you open the position it will take into account slippage, the DEX pool and protocol fee, resulting in a slightly different initial entry price.

What’s the process for adding other tokens or NFTs to Wasabi?

• Each owned Wasabi Pass reduces trading fees (options trading only) & boosts Trading Points by 10% up to a total of an additional 100%, maxing out at 10 passes. Additional utility will be unlocked in the near future.

What does the Wasabi Pass do now, are there future utilities?

• Please try refreshing your browser and adjusting slippage settings. Additionally, try not to take long from initiating a transaction to confirming it, to avoid market movements in between. If the issue persists, please open a ticket in Discord and our team will assist you.

What are Wasabi points?

• Wasabi points are the native reward system of Wasabi. Wasabi points may lead to something potentially significant in the future.

How do trading volume & points correlate?

• Various factors like boosts, consistency & profitability are considered to reward our best & most consistent traders. We’re not revealing the exact math behind points to protect our genuine users.

What are the other factors for Points besides volume?

• We optimized the algorithm to reward genuine, consistent traders who pay close attention. Furthermore, the Wasabi Pass boosts trading points and there are limited time boosts which can be unlocked every now and then, so keep an eye out on our socials.