Motivation

Cultural tokens & long tail/emerging assets such as meme coins and NFT's, are known for their limited supply and high volatility, presenting 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, ensuring stability and eliminating counterparty risk. Liquidity Providers (LPs) can invest in ETH, other specific pairs, or both, to earn interest on supported ERC-20 tokens.

Our system ensures secure and fully backed trading positions, safeguarding against protocol insolvency risks. Unlike typical futures, our physical settlement method directly impacts both fungible token and NFT fractional prices and influences market movements.