Wasabi Protocol announces strategic partnership with Berachain, a new DeFi-focused Layer-1 blockchain network.

The collaboration enabled the integration of the Berachain network into Wasabi infrastructure to bring Wasabi's unparalleled offerings to Berachain users.

Today, Wasabi Protocol announced a strategic partnership with Berachain, a new DeFi-focused Layer-1 blockchain network. The collaboration has seen the integration of the Berachain network into Wasabi infrastructure to bring Wasabi’s unparalleled offerings to Berachain users.

Berachain is now integrated with Wasabi, an asset-backed leveraged trading platform for meme coins and NFTs. Wasabi enables users to trade long tail assets like NFTs and meme coins with leverage. Users can short, long, and stake NFTs and meme coins. The integration provides Wasabi’s unique offerings to Berachain customers, allowing them to interact with asset-backed derivatives for a broad variety of crypto products.

Wasabi provides users with the security of owning tokens while allowing them to leverage those tokens, offering a unique approach to investing and transacting in the digital asset market. Its range of products enables users to stake, hedge, and trade tokens, earning returns and yields. This addition aligns with Berachain’s commitment to providing its users with innovative DeFi solutions and expanding options for crypto offerings.

“We are excited to welcome Wasabi to the Berachain ecosystem,” said Dmitry Chain, CEO of Berachain. “Their asset-backed leveraged trading platform is a perfect complement to our vision of a decentralized and inclusive financial system. We believe that this partnership will unlock new possibilities for our users and drive further innovation in the DeFi space.”

Berachain is a new Layer-1 blockchain network that is designed to provide a fast, efficient, and scalable platform for DeFi applications. The network is powered by the BERA token, which is used for paying transaction fees and securing the network through staking. Berachain’s unique hybrid consensus mechanism combines the strengths of both Proof-of-Stake and Proof-of-Work to create a secure and reliable blockchain.

Wasabi is an asset-backed leveraged trading platform for meme coins, NFTs, and other long tail assets. The platform offers users a unique way to invest in and transact with their favorite digital assets. Wasabi’s products are designed to be user-friendly and provide users with the flexibility they need to create their own unique trading strategies.

“We are thrilled to partner with Berachain to bring Wasabi’s advanced leveraged trading solutions to their community,” said Ben Armstrong, CEO of Wasabi. “Berachain’s focus on DeFi and innovation aligns perfectly with our own vision for the future of finance. Together, we aim to expand the possibilities of crypto and provide traders with the tools they need to succeed.”

The integration of Wasabi into the Berachain network is a significant milestone for both platforms. It opens up a world of possibilities for users of both ecosystems, expanding the presence of leveraged trading and asset-backed derivatives to a broader audience. As blockchain technology continues to evolve, alliances like this are forging a new era of interoperability and collaboration in the Web3 space.

This integration is a testament to both platforms’ commitment to innovation and community collaboration. It marks an exciting chapter in the journey of Berachain and Wasabi as they strive to shape the future of decentralized finance together.