The thesis-driven liquid fund partners with the leading NFT options protocol to increase the depth of liquidity across pools.
Wasabi and frens capital (‘frens’) are excited to announce a partnership that will see frens provide liquidity for derivatives across various NFT collections. This will enhance trading conditions on Wasabi while providing frens a unique opportunity to gain exposure to a wide range of NFT collections, as well as the premiums earned as a Wasabi liquidity provider.
The partnership, closely following last week’s news of Wasabi collaborating with TempleDAO, sets an industry precedent as it looks to become a blueprint for how crypto investment funds with long-term horizons can support protocol and on-chain liquidity for the nascent market of NFT financialization.
If you wish to be an early liquidity provider in the Wasabi Protocol before it launches on Mainnet, reach out to us on Twitter.
“We’re super excited to collaborate with frens. Our products allow for directional exposure to certain collections, which is very useful for liquid funds like Frens, gaining access to the asset class without having to hold individual NFTs.”
- Eren Derman, CEO DKODA Labs, Developers of Wasabi Protocol
“Thrilled to work with Wasabi and provide liquidity to their NFT options pools. Their protocol allows us to take directional exposure in NFT collections in a capital-efficient manner. It’s still early days for NFT Finance, and Wasabi is positioning itself as a strong contender in the NFT derivatives market.”
- Chris Abiaad, General Partner at frens capital
About frens capital
Frens Capital is a long-only liquid token fund. The fund focuses on identifying and supporting projects with promising network effects and value capture.
About Wasabi
The decentralized and permissionless NFT options protocol. Wasabi enables market participants to capitalize on market volatility and hedge against downturns while providing collectors with the opportunity to earn premiums on their high-value digital assets.