Wasabi is an Ethereum-based options trading protocol that allows LPs to earn yields on their NFTs and traders to long and short collections affordably. It enables NFT holders to hedge their positions or profit from market downturns, earn sustainable passive income, and speculate on high-value NFTs. Using Wasabi, traders can also participate in high-value NFT markets without needing to afford the minimum price required to purchase a discrete increment, e.g. 1 full CryptoPunk.