Wasabi Protocol secures $3M seed round led by Electric Capital, joined by Alliance, Memeland, Santiago R Santos, Luca Netz, Zhouxun Yin, Cygaar, Zagabond, DCF God, Bob Loukas, Spencer Ventures, and other top traders, artists, and founders.
Wasabi is built for traders seeking to tap into high-growth, emerging assets, starting with NFTs and memecoins. Emerging assets historically suffer from high prices and low liquidity, making it difficult for traders to participate. Wasabi is designed to unlock liquidity for emerging assets, open trading opportunities for all and provide token holders with the ability to earn sustainable yield on their assets.
Wasabi is the first protocol to enable leveraged trading backed by actual assets
Wasabi is the first protocol to enable leveraged trading backed by actual assets. Unlike traditional perpetual futures that rely on algorithmic liquidity, Wasabi backs trades with the underlying asset, akin to stablecoins such as USDC. Wasabi does not rely on oracles or synthetic assets to keep the index price in line with the spot price. Due to this unique approach, Wasabi is a more resilient, robust perpetual trading platform for emerging assets.
Wasabi bootstraps new tokens and assets
With $100M+ TVL and over $500M in trading volume, Wasabi is the go-to for projects aiming to rapidly bootstrap new tokens. Wasabi's suite of products lets users trade, hedge, and stake assets, earning yield and rewards. Designed to match liquidity with demand, these products foster on-chain culture growth without artificial market cap inflation.
Case Study: Wasabi enables liquidity for $pacmoon, Blastopians
In collaboration with communities like Pacmoon, Blastopians, and Juice Finance within the Blast ecosystem, Wasabi has significantly bolstered both ecosystem strength and trading culture. Post-launch of Pacmoon staking, Wasabi's vault amassed over 8,000 ETH of $PAC, with 30% of its circulating supply staked, subsequently $PAC surged over 20x in value.
Pioneering initiatives like leveraged trading on ERC-721s and the hybrid 404 standards underscore Wasabi's commitment to innovation. Recent efforts such as listing Blastopians, the premiere NFT project on Blast, and launching $JUICE trading directly at TGE highlight their ability to support chain native assets regardless of maturity or asset class.
CEO Eren stated, "Memecoins empower widespread market participation, yet they often lack robust financial infrastructure, Wasabi changes that. With Wasabi, users can trade and earn from tokens they resonate with, all while implementing sound risk management strategies. Don't trade at a disadvantage—trade culture."
If you are a project, protocol or developer and want to work with Wasabi, reach out to us!