↗️Trade [Perps]
Wasabi offers a way to long and short your preferred assets onchain, with leverage, providing continuous trading opportunities.
Why Choose to Trade on Wasabi?
Asset-Backed Stability: Our perpetual contracts are backed by the actual traded assets, ensuring stability and eliminating counterparty risk.
Early Asset Support: Trade various assets, including lower cap meme coins and fractional NFTs, as soon as they graduate from launchpads.
Amplify Onchain Metrics: Affect the onchain price of tokens with leverage, and access the best liquidity as all volume on Wasabi settles on onchain AMMs and orderbooks.
Understanding Spot Leverage Contracts
Spot leverage contracts are derivative instruments that enable traders to speculate on the price movements of assets without owning them outright. Unlike traditional futures contracts, spot leverage has no expiration date, allowing indefinite holding periods.
How Wasabi's Spot Leverage Works
Position Management: Open long or short positions on supported assets with your chosen leverage amount.
Onchain Pricing: Liquidations are determined based on onchain quotes, ensuring transparency and fairness.
Liquidity Provision: Liquidity providers can deposit assets like ETH, memecoins, and fractional NFTs to earn interest on supported tokens.
Advantages of Spot Leverage vs. Perps
Traditional perps often struggle with the volatility and limited supply of long-tail assets. Wasabi's spot leverage address these challenges by providing:
Enhanced Stability: Backing contracts with the actual assets reduces volatility and increases reliability.
Risk Mitigation: Eliminating counterparty risk ensures a safer trading environment.
Market Accessibility: Offering leveraged exposure to a broader range of assets, including those with significant value and price fluctuations.
For an in-depth understanding of our protocol design and mechanics, please refer to our white paper.
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