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Use-cases
Sounds like WGMI!
Blue-chips offer one of the best investment opportunities today but purchasing one is very expensive. Traders can instead purchase calls or puts to profit from the price movements of the top collections.
NFT prices are volatile. Wasabi put options provide price insurance for holders and lenders who want to hedge their downside. A lender for an NFT collateralized loan can easily convert their NFT collateral into cash collateral to cover the risk of default.
Since Wasabi mints option positions through the ERC-721 standard, options for a collection are compatible with Wasabi Pools. Users can create levered long or short ETFs by aggregating and issuing options from a pool.
Last modified 2mo ago