Wasabi Perps is a asset backed perpetual trading protocol. It uses margin vaults to provide margin loans to users where they can purchase the underlying asset with leverage.

A trader can go long and short with leverage. The leverage is supplied by LPs depositing ETH or ERC20 tokens into vaults. The LPs earn interest in return.

Zellic conducted a security assessment for Wasabi from [January 3th to January 8th, 2024]. During this engagement, Zellic reviewed Wasabi Perps's code for security vulnerabilities, design issues, and general weaknesses in security posture.