Loan Fees
Loan Fee Distribution
All loan fees are prepaid upfront when the loan is initiated or extended. No ongoing interest — one transparent fee covers the entire term.
Dynamic Fee by Duration
Formula: 2.0% origination + 0.005% × days.
| Loan Duration | Total Fee |
|---|---|
| 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 rates. Very competitive for short-term borrowing.
Fee Distribution
Loan fees route through the same TAXES contract as trade fees, with the same distribution. Payouts are made in USDB, and the split has two columns because it changes at TGE:
| Recipient | Today | At TGE |
|---|---|---|
| Company | 60 (12 treasury + 48 that transfers at TGE) | — |
| BASIS staking contract | — | 48 |
| Token creator | 20 | 20 |
| STASIS vault | 16 | 16 |
| Treasury | — | 12 |
| Reward phase holders | 4 | 4 |
At TGE, 48% of fees - four fifths of the company's current 60% - route to the BASIS staking contract. The BASIS staking share can never fall below 30%, and every fee setter is capped at 200bps; both are hard contract limits.
Key Points
- All fees prepaid upfront — no surprises, no margin calls
- Repayment is exact loan amount in USDC — no added interest
- Leveraged tokens cannot be used as loan collateral