Wasabi

Wasabi is an Ethereum-based options trading protocol that lets liquidity providers earn yields on their NFTs and enables traders to long or short NFT collections affordably.

It enables NFT holders to hedge positions or profit from market downturns, earn sustainable passive income, and speculate on high-value NFTs.

Using Wasabi, traders can participate in high-value NFT markets without needing to pay the minimum price required to purchase a discrete increment, e.g., 1 full CryptoPunk.