BASIS

BASIS Utility Token

Summary

BASIS is the platform utility token. 90% of platform revenue flows directly to BASIS stakers as USDC.

Important distinction: BASIS is the utility/governance token (staked for revenue share). STASIS is the liquidity token (Stable+ paired with USDC, base pair for all factory tokens). Different roles.

Key Innovations

  1. Activity-based airdrop — tokens earned through genuine platform usage, not capital risk
  2. Three-phase distribution — Founding Lobster (1%) → Soft Shell (2%) → Hard Shell (8%), 11% total community allocation
  3. Fully unlocked at TGE — airdrop tokens have no vesting, no cliff, no notice period
  4. Revenue ratchet — permanent FDV step-ups tied to trailing 30-day platform revenue
  5. Founders perma-locked — 15% locked in the BASIS staking contract, no unlock ever
  6. 90% of revenue to BASIS stakers — distributed as USDC

Token Supply

Total supply: 1,000,000,000 BASIS

Floor FDV: $150M (guaranteed) · Floor price: $0.15

Allocation%Tokens
Community Airdrop (3 phases)11%110M
Ongoing Emissions10%100M
Presale Investors30%300M
Founders (perma-locked)15%150M
CEX Liquidity7%70M
Ecosystem & Grants6%60M
Marketing & Growth6%60M
DEX Liquidity5%50M
Treasury5%50M
Advisors & Strategic Contributors5%50M

See Token Distribution for the full breakdown including presale rounds and the revenue ratchet table.

Revenue Share Model

90% of all net platform revenue is distributed as USDC to BASIS stakers. The remaining 10% covers ongoing operations.

Sources of platform revenue:

  • Trading fees from every factory token (DEX activity)
  • Trading fees from prediction market shares
  • Loan origination fees and dynamic interest
  • Vault loan fees
  • Bonding-phase activity

All routed through the standard fee waterfall before settling into the BASIS vault.

Indicative APY Projections (50% of supply staked)

Annual Net RevenueApproximate APY
$20M~16%
$40M~32%
$75M~60%
$120M~96%

Actual APY varies with total staked supply and net revenue.

The STASIS Vault (wSTASIS) — Separate System

The STASIS vault is a different mechanism: wrap STASIS into wSTASIS to capture trading-fee yield via a strictly-increasing share price.

  1. Wrap: Convert STASIS to wSTASIS at the current share price
  2. Lock: Deposit into the vault collateral pool
  3. Borrow: Draw USDB at 100% LTV (no liquidation risk)
  4. Appreciate: Platform trading fees raise the wSTASIS:STASIS exchange rate
  5. Repay & unwrap: Get back more STASIS than deposited

Three wSTASIS states: Liquid (free to unwrap) · Locked (in collateral pool, can unlock if no loan) · Loan-locked (active loan — can't unlock until repaid)

Two Vaults — Critical Distinction

STASIS Vault (wSTASIS): Captures a portion of every platform trade via slippage retention into the share price. Up-only. Loans available at 100% LTV. Live now.

BASIS Vault: Receives 90% of net platform revenue and distributes it as USDC to BASIS stakers. Post-TGE.

Fee Waterfall

Trading Fee
  → Creator (20%)
  → Reward-phase buyers (4%)
  → STASIS Vault (slippage portion)
  → Platform Revenue
        → 90% to BASIS Vault stakers (USDC)
        → 10% operations
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