The on-chain options protocol Wasabi Protocol has launched the Asset-Backed Perpetual Contracts product and is now open to the public
ChainCatcher news, the on-chain leverage protocol Wasabi Protocol has launched the perpetual contract product Asset-Backed Perps, which is now publicly available on the Ethereum mainnet. This is an asset-backed perpetual contract product that enables traders to gain direct and secure market influence, with the opportunity to earn Wasabi SZN 2 points.According to the introduction of Wasabi Protocol, this product can directly impact the market. Opening a position in Wasabi will affect the price of the underlying utoken, allowing for leveraged buying or selling of utoken on the open market, including Flooring Uniswap Pool and other NFT markets. Its positions are supported by the underlying tokens as collateral, providing the most liquid settlement layer for NFT derivatives and significantly reducing counterparty risk. It also supports users in easily generating yields by depositing ETH or utoken into the Wasabi Vault. Additionally, a new points system, the Season Two Points System, will soon be launched, allowing users to earn Wasabi points through activities on the protocol.