Wasabi

Protocol Information

Wasabi is a leverage trading protocol: Long, short, and earn on your favorite long tail assets such as memecoins and NFTs. Wasabi’s asset-backed perps keep the position value closely pegged to the underlying asset, reflecting the true price action on your PnL. It also generates additional downstream effects such as moving the spot price with leverage, listing pairs as soon as they launch, and generating low-risk yield opportunities through single sided staking

Category: Derivatives

Token Information

Methodology

Counts the total value deposited in the vaults of the Wasabi protocol, including assets that have been loaned out to open long and short positions.

Competitors