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Mantapex
Wasabi
Wasabi
-Derivatives
Audited
DeFiLlama Derivatives·$14.9M TVL·+0.06% 1h·-0.36% 24h·+1.78% 7d·5 chains

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Protocol TVL

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About Wasabi

Wasabi is a leverage trading protocol: Long, short, and earn on your favorite long tail assets such as memecoins and NFTs. Wasabi’s asset-backed perps keep the position value closely pegged to the underlying asset, reflecting the true price action on your PnL. It also generates additional downstream effects such as moving the spot price with leverage, listing pairs as soon as they launch, and generating low-risk yield opportunities through single sided staking

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

How Wasabi's TVL is measured

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Counts the total value deposited in the vaults of the Wasabi protocol, including assets that have been loaned out to open long and short positions.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Security & Audits

Wasabi Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Apr 26, 2023
    Listed on DeFiLlama
  2. Feb 29, 2024
    Deployed on Blast

Protocol Profile

Wasabi is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 5 chains, including Base, Ethereum, Solana, Blast and 1 other chain. The codebase has been independently audited (2 reports on file). DeFiLlama tracks 1 historical event for this protocol since 2024.

TVL Distribution by Chain

TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.

Base
$7.8M(52.3%)
Ethereum
$3.7M(25.0%)
Solana
$2.6M(17.6%)
Blast
$695.7K(4.7%)
Berachain
$61.8K(0.4%)

Supported Chains

Base Ethereum Solana Blast Berachain

Protocol Footprint

Wasabi runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 95% of its on-chain value sits on just three networks (Base, Ethereum, Solana), so a fault on any one of them would affect a large slice of users. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale.

Official Resources & Links

Verified external resources for Wasabi — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
app.wasabi.xyz
Twitter / X — @wasabi_protocol
twitter.com

Other Derivatives protocols on Mantapex

Wasabi is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether Wasabi's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange
Jupiter Perpetual Exchange
TVL $910.6M · 24h -0.27%
Hyperliquid HLP
Hyperliquid HLP
TVL $431.7M · 24h +0.11%
Drift Trade
Drift Trade
TVL $334.4M · 24h +0.22%
GMX V2 Perps
GMX V2 Perps
TVL $267.5M · 24h -0.08%
Extended
Extended
TVL $196.4M · 24h +0.06%
dYdX V4
dYdX V4
TVL $125.3M · 24h +0.58%
Browse all Derivatives protocols on Mantapex

Available Yields

ProjectPoolAPYTVL
wasabiZORA58.90%$40.3K
wasabiBOT39.15%$169.5K
wasabiSTAR29.66%$16K
wasabiMEW23.90%$10.8K
wasabiGBOY20.27%$141.1K
wasabiDOOD18.87%$48.9K
wasabiTSLAX17.24%$21.5K
wasabiPRXVT15.02%$13.7K
wasabiAVNT12.93%$30.8K
wasabiUSDC7.14%$1.5M

Recent Wasabi news

Related protocols

Other DeFi protocols connected to Wasabi by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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