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

Wasabi Perps are asset-backed markets supported by ETH-ERC20 pairs. The amount of ETH and ERC-20 tokens in the Wasabi LP Vaults caps open interest. Loans are sourced from LP vaults. Liquidations of these loans are determined by an off-chain order book and on-chain index price.

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Last updated 9 months ago