BASIS Utility Token
Summary
BASIS is the platform utility token. 48% of all fees flow 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
- Activity-based airdrop — tokens earned through genuine platform usage, not capital risk
- Three-phase distribution — Founding Lobster (1%) → Soft Shell (2%) → Hard Shell (8%), 11% total community allocation
- Fully unlocked at TGE — airdrop tokens have no vesting, no cliff, no notice period
- Revenue ratchet — permanent FDV step-ups tied to trailing 30-day platform revenue
- Founders' 15% burned permanently — not a cliff, not a vest, never sold or withdrawn; founders earn only from the protocol's revenue share
- 48% of all fees 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 Emissions | 10% | 100M |
| Presale Investors | 30% | 300M |
| Founders (burned permanently) | 15% | 150M |
| CEX Liquidity | 7% | 70M |
| Ecosystem & Grants | 6% | 60M |
| Marketing & Growth | 6% | 60M |
| DEX Liquidity | 5% | 50M |
| Treasury | 5% | 50M |
| Advisors & Strategic Contributors | 5% | 50M |
See Token Distribution for the full breakdown including presale rounds and the revenue ratchet table.
Revenue Share Model
48% of all fees are distributed as USDC to BASIS stakers.
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; representative — Diamond-tier figures on the Staking Tier Structure page)
| Annual Net Revenue | Approximate APY |
|---|---|
| $20M | ~8.5% |
| $40M | ~17% |
| $75M | ~32% |
| $120M | ~51% |
Actual APY varies with total staked supply, net revenue, and staking tier.
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.
- Wrap: Convert STASIS to wSTASIS at the current share price
- Lock: Deposit into the vault collateral pool
- Borrow: Draw USDB at 100% LTV (no liquidation risk)
- Appreciate: Platform trading fees raise the wSTASIS:STASIS exchange rate
- 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 48% of all fees and distributes it as USDC to BASIS stakers. Post-TGE.
Fee Waterfall
Trading Fee
→ Creator (20%)
→ Reward-phase buyers (4%)
→ STASIS Staking (16%)
→ BASIS Staking (48% to BASIS Vault stakers, USDC)
→ Team Treasury (12%)