Perps [Trade]

Long and Short your favorite assets with leverage.

Wasabi Perps enables trades to long & short in perpetuity with liquidations based on on-chain index price. Long Tail assets, known for their limited supply and high volatility, present challenges for synthetic derivatives. However, their significant value and fluctuating prices make their derivatives appealing for leveraged exposure and hedging.

Wasabi's perpetual contracts (perps) are backed by the traded assets, ensuring stability and eliminating counterparty risk. Liquidity Providers can deposit ETH, meme coins, and fractional NFTs to earn interest on supported tokens.

For more details on protocol design, check out our white paper.

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