Wasabi Perps Lite Paper
  • Motivation
  • Mechanism
  • Opening Positions
  • Closing Positions
  • Leverage
  • Vaults
  • Liquidations
  • Index Price
  • Insurance Fund
  • Fees
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Index Price

Wasabi Perps are asset-backed and don't need to have a mark price to operate.

However, an off-chain server monitors the on-chain price of the tokens, the index price, to liquidate positions and avoid bad debt.

This creates a more robust and less manipulatable liquidation mechanism.

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Last updated 9 months ago