Wasabi Protocol is now live on Ethereum mainnet in private beta! To access the protocol, you must be a holder of the Wasabi Pass, which serves as an access token to the protocol.
What is Wasabi?
Wasabi is the first on-chain options protocol for NFTs, revolutionizing the world of non-fungible tokens by offering traders a platform to buy and sell options on ERC-721 contracts. As the NFT market continues to flourish, Wasabi Protocol aims to bring sophisticated trading opportunities to the space. With a successful two-month testnet phase under its belt in addition to two audits by Zellic and Narya, the protocol is now live on the Ethereum mainnet!
Season I Rewards Program
Wasabi Protocol’s mainnet launch will be accompanied by an incentive program geared toward liquidity providers who deposit assets on the platform early. Rewards will be calculated as such:
Referral and Early Bird Bonuses
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Referrals: Earn 10% of the points of all users who sign up through your referral
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Early Bird Booster:
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Before 4/30: 5x point booster on Season 1 Rewards by depositing assets before the 4/30 deadline.
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Before Public Mainnet: 2x point booster for depositing before public Mainnet.
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Season I: LP Rewards Program
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10x Points on daily TVL (Total Value Locked in ETH, including locked NFT value)
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100x Points on ETH earned by issuing an option
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150x Points on ETH earned from accepting an offer
Season I: Trading Rewards Program
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100 x Premium (ETH) for each option bought, weighted by how close the option expiry is
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30 x Strike price (ETH) to exercise an option
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150 x Premium (ETH) to accept offer
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100 x Premium (ETH) to sell option
Getting Started
To begin providing liquidity or trading on Wasabi Protocol and take advantage of our Rewards Program, see our step-by-step guides to get started.