Leveraged trading protocol Wasabi has completed a $3 million seed funding round led by Electric Capital, with participation from Alliance, Luca Netz, Santiago Santos, Zagabond, DCF God, and other companies. The Wasabi protocol supports operations on Ethereum and its L2 Blast. Since January this year, Wasabi's trading volume has exceeded $500 million. Currently, Wasabi is recruiting for multiple positions and plans to expand its team from 6 to 10 people.

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According to The Block, Memecoin and NFT leverage trading protocol Wasabi has completed a $3 million seed round with Electric Capital leading the investment and participation from Alliance, Luca Netz, Santiago Santos, Zagabond, DCF God, and other companies. The Wasabi protocol can be used on Ethereum and Ethereum L2 Blast.

Since January, Wasabi has processed over $500 million in trading volume. Wasabi is currently hiring smart contract engineers, backend developers, quantitative engineers, and operations executives. They plan to expand their current team of 6 people to 10 in the near future.

Wasabi completes $3 million seed round financing, led by Electric Capital