Wasabi Perps

Wasabi Perps enables trades to Long & short in perpetuity with liquidations based on on-chain index price. NFTs, 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 prioritizes protocol solvency. Our perpetual contracts (perps) are physically settled and backed by Flooring Protocol’s μ-tokens, ensuring stability and eliminating counterparty risk. Liquidity Providers (LPs) can invest in ETH, μ-tokens, or both, to earn interest on supported ERC-20 tokens.