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.
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!
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:
Referrals: Earn 10% of the points of all users who sign up through your referral
Early Bird Booster:
Before 4/30: 5x point booster on Season 1 Rewards by depositing assets before the 4/30 deadline.
Before Public Mainnet: 2x point booster for depositing before public Mainnet.
10x Points on daily TVL (Total Value Locked in ETH, including locked NFT value)
100x Points on ETH earned by issuing an option
150x Points on ETH earned from accepting an offer
100 x Premium (ETH) for each option bought, weighted by how close the option expiry is
30 x Strike price (ETH) to exercise an option
150 x Premium (ETH) to accept offer
100 x Premium (ETH) to sell option
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.