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Mechanics

Anytime there is an available loan, a buyer can come in and pay an upfront premium to buy the asset and repay the loan later. Wasabi’s back-end uses flash loans, allowing users to seamlessly long or short desired collections without needing the full amount of capital upfront.
Once the loan is paid off, the user can take custody of the asset if they choose to. Or, they can use Wasabi’s Arbitrage Tool to flip the NFT, without any additional cost to take profits.
Upon opening a position, the trader is issued an NFT symbolizing ownership. This NFT allows them to transfer or settle their trade as desired without closing the loan.