Wasabi Overview
- What is Wasabi?
An Ethereum-based options trading protocol for NFTs that allows LPs to earn yields and traders to long and short collections affordably. Enables NFT holders to hedge their positions, earn passive income, and speculate on high-value NFTs. Also enables traders to participate in high-value NFT markets without needing to afford the minimum price required to purchase a discrete increment.
- Main Features
- Liquidity Locked in PoolsAudits with top experts in smart contract securityInteroperability and modularity to support dAppsThe most liquid NFT derivatives market with ~$29M in liquidityRewards program for users
Frequently asked questions
Wasabi NFT Options Protocol is a decentralized peer-to-peer platform designed for trading non-fungible token (NFT) options. It allows users to speculate, hedge against downturns, and earn premiums on digital assets. The protocol operates through smart contracts and provides an ecosystem where participants can interact with the platform. However, using the Wasabi platform involves various risks, including potential losses while supplying digital assets and fluctuations in token prices. Users are advised to review the relevant documentation and understand the fees and risks associated with the platform. Wasabi is interoperable and modular, supporting the development of decentralized applications (dApps) that are complementary to options, derivatives, and metamarkets. The platform has undergone audits by top experts in smart contract security. It is important to note that Wasabi is not registered or licensed by any regulatory agency or authority, and users should be aware of the associated risks before purchasing tokens or NFTs.
To capitalize on volatility using Wasabi, you can participate in the decentralized peer-to-peer NFT Options Protocol offered by the platform. This protocol allows you to trade option positions as non-fungible tokens. By engaging in options trading on Wasabi, you can speculate on price movements, hedge against downturns, and earn premiums on digital assets.
Wasabi supports dApps that are complementary to options, derivatives, and metamarkets.
To get in touch with Wasabi for support, join their Discord server and open a ticket.
To find the Wasabi documentation, you should review the relevant docs.wasabi.xyz. It is important to understand how Wasabi works and the risks involved before using the platform.
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