
Wasabi Raises $3 Million to Make High-Growth, Emerging Asset Trading Accessible to All
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 unl...

Introducing Liquidity Aggregation
Introducing Liquidity Aggregation by Wasabi Protocol Wasabi’s mission is to create more liquid NFT markets. NFT Finance has taken the sector by storm, but the market is fragmented and inefficient. Our newest product - Liquidity Aggregation - aims to solve these issues by matching buyers with liquidity across NFT-Fi protocols. The Problem with NFT Liquidity Today Liquidity in the NFT market is scattered across different platforms, making it harder to leverage efficiently. The existing mechanis...

Testnet Trading Competition
You are officially invited to the Wasabi Testnet Trading Competition starting on January 5th and ending on March 15th, 2023! Participation is free and open to the public. It is a unique opportunity for top traders to compete for rewards, win access to our closed beta, and get a sneak peek into the world of decentralized NFT options.RewardsWinners will earn ETH along with airdrops:🥇 1st Place wins 2 ETH and 2 Wasabi NFT Airdrops🥈 2nd Place wins 1 ETH and 2 Wasabi NFT Airdrops🥉 3rd Place win...
CultureFi DEX

Wasabi Raises $3 Million to Make High-Growth, Emerging Asset Trading Accessible to All
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 unl...

Introducing Liquidity Aggregation
Introducing Liquidity Aggregation by Wasabi Protocol Wasabi’s mission is to create more liquid NFT markets. NFT Finance has taken the sector by storm, but the market is fragmented and inefficient. Our newest product - Liquidity Aggregation - aims to solve these issues by matching buyers with liquidity across NFT-Fi protocols. The Problem with NFT Liquidity Today Liquidity in the NFT market is scattered across different platforms, making it harder to leverage efficiently. The existing mechanis...

Testnet Trading Competition
You are officially invited to the Wasabi Testnet Trading Competition starting on January 5th and ending on March 15th, 2023! Participation is free and open to the public. It is a unique opportunity for top traders to compete for rewards, win access to our closed beta, and get a sneak peek into the world of decentralized NFT options.RewardsWinners will earn ETH along with airdrops:🥇 1st Place wins 2 ETH and 2 Wasabi NFT Airdrops🥈 2nd Place wins 1 ETH and 2 Wasabi NFT Airdrops🥉 3rd Place win...
CultureFi DEX

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Since the creation of the first rice options exchange in Dojima, Japan, in 1730, there has been a need to hedge against assets that are vital to the well-being of an ecosystem when an economy reaches a certain level of maturity.
Options and derivatives have become an innate part of any market dynamic. It is natural to assume that these dynamics are required for NFT markets to evolve and mature into serious economic engines. While the NFT market grew substantially in 2022, there is still significant infrastructure required before the ERC-721 standard can be taken seriously. For the asset class to mature, NFTs must have a financial primitive that supports safe and decentralized hedging, affordable speculation, and yield generation. The absence of such primitives results in multiple issues in the market.
Inability To Hedge: Traders can only purchase NFTs at a low price and hope to sell at a higher price. There is currently no way for holders of NFTs to hedge their positions or profit from market downturns.
Inability to Generate Real Yield: Holders of ERC-721 assets are unable to safely earn sustainable passive income.
Inability to Speculate Affordably: Since digital collectibles are non-fungible cultural objects, they can only be traded in discrete increments. Majority of traders are unable to participate in high-value NFT markets because they cannot afford the minimum price required to purchase a discrete increment, e.g. 1 full CryptoPunk.
Wasabi offers a decentralized and permissionless solution to all three problems while creating new, essential on-chain primitives. We’ve been building privately in the trenches and will announce details on how to get early access soon. Follow @wasabi_protocol and turn notifications on to stay up to date.
Since the creation of the first rice options exchange in Dojima, Japan, in 1730, there has been a need to hedge against assets that are vital to the well-being of an ecosystem when an economy reaches a certain level of maturity.
Options and derivatives have become an innate part of any market dynamic. It is natural to assume that these dynamics are required for NFT markets to evolve and mature into serious economic engines. While the NFT market grew substantially in 2022, there is still significant infrastructure required before the ERC-721 standard can be taken seriously. For the asset class to mature, NFTs must have a financial primitive that supports safe and decentralized hedging, affordable speculation, and yield generation. The absence of such primitives results in multiple issues in the market.
Inability To Hedge: Traders can only purchase NFTs at a low price and hope to sell at a higher price. There is currently no way for holders of NFTs to hedge their positions or profit from market downturns.
Inability to Generate Real Yield: Holders of ERC-721 assets are unable to safely earn sustainable passive income.
Inability to Speculate Affordably: Since digital collectibles are non-fungible cultural objects, they can only be traded in discrete increments. Majority of traders are unable to participate in high-value NFT markets because they cannot afford the minimum price required to purchase a discrete increment, e.g. 1 full CryptoPunk.
Wasabi offers a decentralized and permissionless solution to all three problems while creating new, essential on-chain primitives. We’ve been building privately in the trenches and will announce details on how to get early access soon. Follow @wasabi_protocol and turn notifications on to stay up to date.
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