Benefits for Traders

Why traders choose Wasabi over alternatives.

Better Execution

Onchain execution has historically lagged behind centralized exchanges and perp DEXs. Traditional AMMs degrade quickly with size: slippage and fees compound, and execution quality falls apart. That gap is why most volume still happens offchain.

Wasabi's Prop AMM closes that gap. Professional operators consistently quote tight spreads onchain, delivering execution on par with or better than that of centralized venues and perp DEXs. For markets not yet covered by the Prop AMM, Wasabi's smart router finds the best available rate across other onchain liquidity sources.

Asset-Backed Positions

Every leveraged position on Wasabi is backed by the actual traded asset. When you open a leveraged long on cbBTC, the protocol holds cbBTC as your collateral. Not a synthetic contract tracking a price feed. Not a number in a database.

This eliminates counterparty risk entirely. Your position is not an IOU that depends on the platform staying solvent. It is a real token held onchain.

Lower Effective Borrow Rates

Perp DEXs charge annualized funding rates paid to the other side of your trade. Wasabi's borrow rates are structurally lower because they are driven by vault utilization, not by the balance of longs and shorts in a synthetic market.

More vault depositors means more available capital. More available capital means lower borrowing rates for traders.

No Auto-Deleveraging (ADL)

On perp DEXs, you only profit when someone else loses. When the losing side runs out of capital, there is nothing left to pay you. So the protocol forces profitable positions to close to balance the books. This is not limited to black swan events. It can happen during a normal bull move when there are not enough counterparties on the other side.

On Wasabi, that problem does not exist. A long position holds real tokens. Your upside comes from the token appreciating in value. No short needs to exist on the other side. When a position needs to close, it is routed to the best onchain quotes. That is real price discovery: anyone can quote permissionlessly, and the market sets the price.

Exclusive Listings

Wasabi lists assets you cannot find anywhere else. Lower cap meme coins, long-tail tokens, and assets that just graduated from launchpads. Wasabi is consistently first to offer leverage on emerging assets.

More markets than any other platform. Whatever you are looking for, Wasabi probably has it.

Real Onchain Volume

All volume on Wasabi settles onchain. Leveraged trades affect the actual spot price of tokens and generate real onchain activity. You are not trading inside a synthetic ledger. You are moving real markets.

How Wasabi Compares to Perp DEXs

	Perp DEXs	Wasabi	What it means for you
Collateral	Synthetic / ledger entry	Real underlying tokens	You hold the actual asset, not a number in a database
Counterparty risk	Platform must stay solvent	None (real tokens held onchain)	Your position does not depend on Wasabi's balance sheet
Borrow cost	Higher annualized funding	Structurally lower (vault-driven)	More of your PnL stays in your pocket
ADL risk	Yes	No (positions hold real tokens)	Your winning trades are never force-closed
Ecosystem	Must build everything in-house	Built on existing DeFi infrastructure	You trade where the liquidity already lives