1/7
Why we build on Base

Coinbase, whose Base app has just launched and is still in Beta, became a $100B company in part because they fight to keep value onchain. 

@wasabiprotocol is built on that same principle:

🧵

Trade culture, on Leverage.
Backed by Electric Capital & Alliance.

https://wasabi.xyz

product @ wasabi.xyz

fun @ griftshop.xyz

2/7
Real onchain activity

Most platforms wrap perps in synthetics that never touch the blockchain.

We took the (much) harder path - true onchain positions - because it benefits traders, LPs, depositors and token teams alike.

3/7
Yield with no strings attached

Others show off single-digit APYs (then fine-print lockups and fees).

Right now our USDC vault is paying 23.8% APY.

No middlemen, no lockups, zero fees.

5/7
We feel incredibly aligned with the direction Base is taking, and are taking the Base app very seriously.

There’s <100 finance apps live today. We're sitting at #17 and building like there will be 10k+ apps.

The goal is to take #1 and to not let go.

4/7
Points ≠ Yield

We don’t inflate APY with incentives.

What you see in the vault UI is what you earn.

Wasabi Points are upside on top.