DEX (Decentralized Exchange)
Trade Native Assets
The DEX is the native decentralized exchange of the Basis platform, serving as the exclusive marketplace for buying and selling all Basis Tokens.
Core Functionality: a simple interface for swapping between Basis Tokens and their paired assets. The buy panel supports both USDB (routed through STASIS; USDG at launch) and direct STASIS purchases.
Technical Architecture: smart contracts ensuring transparency, censorship resistance, and non-custodial trading. Basis is live in testing on BNB Chain and launching soon on Robinhood Chain. All Basis Tokens are ERC-20.
Liquidity Model
- Liquidity is established through direct token purchases: no external LPs needed
- The token's smart contract manages its internal ledger and price determination
- Buys mint new tokens, sells burn tokens
- No impermanent loss, no liquidity bootstrapping problem
Trading Fees
From the Robinhood Chain launch: a base fee of 0.60% on every buy and sell of every token type (0.54% with a referrer), plus the creator's own fee of 0 to 1%. Each $1 of base fee:
| Destination | No referrer | One referrer | Two levels |
|---|---|---|---|
| BASIS buyback | 80c | 65c | 60c |
| Referrers (paid in cash) | 0 | 15c | 15c + 5c |
| Vault (stakers of the token's base) | 10c | 10c | 10c |
| Operating team | 10c | 10c | 10c |
The base fee is capped at 2% in the contract. During testing on BNB Chain the dapp charges the earlier rates (0.5% on Stable+, 1.5% on Floor+ and Predict+). See Transaction Fees.
Buy Flow
Two contract calls: 1. Approve (ERC-20 approval) 2. Buy (execute trade). Quick allocation buttons (25%, 50%, 75%, Max) available.
Leverage Trading
37x on Stable+, Up to 37x on Floor+
Leverage is a toggle (on/off), not a slider.
- Stable+ / Predict+: 37x leverage is available to all traders at launch and at any time. The floor always equals spot, so the maximum is always available.
- Floor+: up to 37x. Leverage is highest at or near launch and eases as the price rises above the floor, because it is calculated against the floor price.
Leverage settles in one transaction.
Leverage Costs
From the Robinhood Chain launch: borrowing inside a leveraged position costs 2% plus 0.005% a day, buys inside the position pay normal trade fees, and closing a position pays 3% of the profit above what you put in. Simulate the cost in the dapp before opening.
No Liquidation on Price
Leveraged positions cannot be liquidated by price movement. Positions end on time-based expiry instead. Stable+ price cannot decrease; Floor+ has a floor that only rises. Both are contract-enforced.
Important Limitations
- Leveraged tokens are held in the leverage contract (shown as "Open Positions")
- They cannot be used as loan collateral: leverage and loans are separate paths
- Control exposure through position splitting: 25% leveraged + 75% unleveraged = ~10x effective