↗️Leverage Trade

Long or short 700+ assets with up to 20x leverage. Every trade settles onchain.

Why Trade on Wasabi

• Exclusive Listings: Leverage markets you won’t find anywhere else. Listed within hours of launch, while the edge still exists.

• Best Execution: Wasabi's Prop AMM actively quotes tight spreads on Base, so your trades fill at competitive prices even at meaningful size.

• Asset-Backed Contracts: Every position is backed by the underlying token. Your leverage interacts with onchain liquidity and supply, not just a price reference. That means pricing reflects actual market depth, and your exposure isn’t dependent on a centralized balance sheet staying solvent.

• Real Onchain Volume: Trades execute against onchain AMMs and orderbooks. Your position moves liquidity and generates real market volume.

How Leverage Trading Works

Wasabi uses spot leverage contracts to power every position.

1. Open a Position: Go long or short on any supported asset with up to 10x leverage.

2. Onchain Pricing: Liquidations are based on transparent, verifiable onchain quotes.

3. Leverage from Earn Vaults: Depositors supply capital that funds leveraged positions and earn trading fees in return.

Leverage Trading vs. Traditional Perps

Real Liquidity Behind Your Trade

Your position uses actual token liquidity. Prices reflect real supply and demand, especially on newer, trendier assets, where perp pricing often lags or breaks.

Not Dependent on an Exchange’s Balance Sheet

Your trade isn’t sitting on a centralized exchange ledger. It runs against onchain liquidity. Your PnL doesn’t depend on an exchange staying solvent.

Trade Markets Perps Can’t List

Traditional perp platforms need market makers to continuously quote both sides of a contract. On newer, high-momentum assets, that risk is hard to price, so they often don’t list them at all.

Wasabi routes leverage into onchain liquidity instead. If the token is trading, you can usually leverage it often within hours of launch.

For protocol design details, see the white paper.