Motivation

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.

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