Crypto Loans

Borrowing Against Your Basis Tokens

Basis lends 100% of a token's value (100% of the floor value for Floor+), with no liquidation on price.

Loan Terms

Term: 10 to 1,000 days. Collateral: tokens (including Predict+), vault positions and vested tokens. Currency: USDB during testing; at launch, loans against a base are paid out in that base.

Stable+: borrow 100% of its value. Floor+: borrow 100% of the floor value (not the market price).

Floor = spot for Stable+/Predict+ tokens, so the loan is 100% of the spot price.

Loan Fees

Based on duration and prepaid upfront. Formula: 2.0% origination + 0.005% × days.

10 days: 2.05% | 30 days: 2.15% | 100 days: 2.5% | 365 days: 3.825% | 1,000 days: 7.0%

These are total fees, not annualized.

Repayment: repay the exact loan amount. No added interest, no installments, no margin calls. Repaying is free.

No Liquidation on Price

• Stable+ collateral cannot decrease in value
• Floor+ loans are based on the floor price, which only rises
• On non-payment: collateral is burned (not sold), so there are no cascades. The borrower claims any excess value.

Important: leveraged tokens cannot be used as loan collateral. Leverage and loans are separate paths.

Loan Extension

• Extend the term before maturity. Extensions skip the 2% origination fee and pay only 0.005% a day.
• Pay in cash (always available) or pay from collateral (if the token has appreciated, which also unlocks refinancing to borrow more)

Loan Management

Three actions: Repay (repay the loan, get tokens back) | Extend (extend the term for the daily fee) | Sell (burn collateral, receive the value above the loan amount; partial sells of 10-100% available). From the Robinhood Chain launch, selling collateral out of a loan costs 0.60% of the sale.