According to Foresight News, Wasabi, a Meme coin and NFT leveraged trading protocol, has completed a $3 million financing led by Electric Capital, with participation from Alliance, Memeland, Spencer Ventures, etc. The new funds will be used to expand the team, and Wasabi plans to expand its current team of 6 to 10 people.

Users can go long, short, and stake Meme coins and NFTs on Wasabi, with leverage ranging from 2-3x for less liquid assets to 10x for assets such as ETH and USDB.