Wasabi

Wasabi operates as a decentralized NFT options protocol, facilitating peer-to-peer trading and hedging of option positions as non-fungible tokens (NFTs). The platform allows collectors to issue options contracts, generating stable, low-risk income through premium collection. Market participants can capitalize on market volatility by exercising or trading these options. Wasabi's ecosystem is designed to be interoperable and modular, supporting decentralized applications (dApps) that complement options, derivatives, and metamarkets. The business model revolves around enabling users to speculate, hedge, and earn through the trading of NFT-based options, addressing the current market gap where traders face challenges in hedging NFT positions or participating in high-value NFT markets due to affordability constraints. Wasabi primarily serves traders and collectors in the digital collectibles and NFT markets, offering a unique solution to enhance market participation and risk management.

Keywords: decentralized, NFT, options, protocol, trading, hedging, peer-to-peer, non-fungible, contracts, premiums