Unstaking & Liquidity Buffer
Operator & jurisdiction: BASIS is operated by BASIS DIGITAL INFRASTRUCTURE LTD, a Seychelles-incorporated entity (LEI: 254900IX2F2KCWNSSS64).
Currency convention: Portfolio values may be displayed using USDT as an internal accounting unit for USD-equivalent reference. USDT is not a depositable or withdrawable asset on BASIS. Supported native assets are BTC, ETH, SOL, and PAXG.
If a yield product claims immediate liquidity under all conditions, the underlying unwind process should be examined carefully.
BASIS applies a controlled liquidity buffer and deterministic unstaking process to preserve execution precision, reduce market impact, and protect pool participants from disorderly exits.
1) How unstaking works on BASIS
When a user unstakes, the system processes the position according to pool rules:
Flexible pools may use a controlled liquidity window to complete orderly settlement
Fixed pools can only be unstaked after the lock-up period ends
Unstaking is processed on a full-position basis only
The entire staked position is auto-MAX at unstake
Upon completion, the claimable amount is auto-credited to the Staking Wallet as the corresponding stToken
There is no early exit option for fixed pools.
2) Why a liquidity buffer exists
If many users exit simultaneously, immediate forced unwinds can:
degrade execution quality
increase slippage and market impact
transfer losses to remaining participants
weaken pool stability during stressed conditions
A controlled liquidity buffer reduces these externalities by allowing the system to unwind positions in an ordered sequence under defined risk constraints.
3) How the system uses the liquidity window
During the unstaking process, BASIS may:
unwind strategy positions in a predefined order
consolidate balances into withdrawable native assets where applicable
apply state-machine risk controls during stressed conditions
complete settlement only after the unwind path satisfies internal execution and liquidity constraints
This framework supports deterministic execution and structural alpha capture while limiting disorderly market interaction.
4) What users should expect
Unstaking timing depends on pool mechanics and current market conditions
Flexible pool exits may require additional processing time during volatility or venue disruption
Fixed pool unstaking is available only after the lock-up period has ended
Rewards accumulate in real time as the same stToken in the Staking Wallet until unstake is completed
After unstake, the resulting stToken balance appears in the Staking Wallet and can then be swapped 1:1 into the same native asset
stBTC → BTC at 1:1
stETH → ETH at 1:1
stSOL → SOL at 1:1
stPAXG → PAXG at 1:1
5) Wallet flow after unstake
Funding Wallet
BTC, ETH, SOL, PAXG
Deposit and withdrawal of native assets
Staking Wallet
stBTC, stETH, stSOL, stPAXG
Staking balances and reward accrual
Typical flow:
Unstake the full stToken position
Receive the resulting amount in the Staking Wallet as stToken
Swap the stToken 1:1 into the same native asset
Move or withdraw the native asset from the Funding Wallet
Swap is same-token only and does not support cross-asset conversion.
Next: read Position Unwinding Protocol for the step-by-step unwind logic.
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