The bespoke safe haven provider, TempleDAO, partners with the NFT Options Protocol, Wasabi, to infuse more liquidity into the nascent market of NFT derivatives.
In a first-of-its-kind partnership where an on-chain native organization will unleash the value of its treasury to earn yield in a decentralized and permissionless way, TempleDAO and Wasabi partner up to enhance NFT options markets liquidity.
TempleDAO and Wasabi, aiming to act as a model for other groups considering similar avenues to cooperate, are looking forward to beginning their joint work and exploring additional synergies between each other down the line.
With a long-term outlook, the two organizations formally announce their collaboration, where Wasabi will allocate a portion of a potential future token to the Spice Bazaar. At the same time, TempleDAO will help Wasabi by providing liquidity provision (LP) support to the existing NFT options pools on the protocol.
If you wish to be an early liquidity provider in the Wasabi Protocol before it launches on Mainnet, contact us on Twitter.
“It is exciting to bring TempleDAO onto Wasabi and enable them to earn sustainable yield while continuing to drive value for $TEMPLE holders and injecting liquidity into NFT markets. TempleDAO has been widely known for their innovative approach to risk management. Having them as a partner denotes the importance of what Wasabi is bringing to market and how this value applies to DAOs, as well as market makers and collections. Can’t wait to see where this takes us.”
- Eren Derman, Co-Founder & CEO of DKODA Labs, building Wasabi Protocol
“We are delighted to be able to start working with Wasabi to provide liquidity into their NFT options pools and to welcome them as the maiden protocol partner for Spice Bazaar. Wasabi as a protocol is primed to become a leader in the NFT derivatives market, so we are truly excited to provide support for Wasabi in their nascent journey while accruing value for TEMPLE holders.”
- Lux, Master at TempleDAO
About TempleDAO
TempleDAO was created to be a safe haven in a sea of risky assets, to facilitate long-term, stable wealth creation with a community-first mindset, and to elevate the overall DeFi experience for investors.
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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.