Completed Guide with Instructions

How to deposit asset to strategy through WasabiX?

By doing so, you may 1)receive compounded APY from strategies and 2)borrow/mint up to 50% of your total deposit to increase capital efficiency.
Strategy Page
  1. 1.
    Please deposit your asset here. In the example, you are able to deposit BUSD.
  2. 2.
    In here, you will clearly view how APY is been calculated.
  3. 3.
    You may have fee discount by locking veWASABI. In strategy, the deposit fee is 0%. How to increase veWASABI?
  4. 4.
    Once finished, you can visit Minter and start borrowing/minting.

How to Mint/Borrow waToken to increase capital efficiency by up to 1.5x?

Minter Page
  1. 1.
    In Minter, you may Borrow/Mint waToken, Repay and Liquidate your debt.
  2. 2.
    The collateral Ratio(C-Ratio) is fixed 200%. This means that if you deposited 100 BUSD in strategy, you may borrow/mint up to 50waBUSD. In Minter, the interest rate is 0%, however there is a one time fee starting from 0.2%. You may have fee discount by locking veWASABI to increase your VIP level. How to increase veWASABI?
  3. 3.
    Once finished, you can visit Farm and start farming WASABI with waToken.

How to farm WASABI with waToken?

Farm Page
  1. 1.
    Deposit your waToken here
  2. 2.
    The farming reward is generated every block. You may harvest here. Once harvested, the rewards are moved to Vesting Schedule. All WASABI is vested for 90 days. Exiting a vest early always incurs a 50% penalty no matter how early or late you choose to exit. The harvest fee is 0%.
  3. 3.
    Withdraw your waToken here.
  4. 4.
    There is a 1% early withdrawal fee if you wish to withdraw your waToken less than 72 hours. The withdrawal fee after 72 hours starts from 0.2%. You may have fee discount by locking veWASABI to increase your VIP level. How to increase veWASABI?

How to increase veWASABI?

Locker Page
In Locker, you may choose to lock your WASABI. By doing so, you will receive veWASABI(Voting Escrow WASABI) and have multiple benefits. Simply choose the amount of WASABI you wish to lock and the amount of time you wish lock for.

What are the benefits when locking WASABI?