The leverage trading protocol Wasabi has completed a $3 million seed round financing, led by Electric Capital.

ChainCatcher news, according to The Block, the memecoin and NFT leverage trading protocol Wasabi has completed a $3 million seed round financing, led by Electric Capital, with participation from Alliance, Luca Netz, Santiago Santos, Zagabond, DCF God, and others. The Wasabi protocol is available on Ethereum and the Ethereum L2 Blast.

Since January, Wasabi's trading volume has exceeded $500 million. Wasabi is hiring smart contract engineers, backend developers, quantitative engineers, and operations managers. It plans to expand its current team of 6 to 10 in the near future.