Wallet Model (Funding vs Staking)

Operator & jurisdiction: BASIS is operated by BASIS DIGITAL INFRASTRUCTURE LTD, a Seychelles-incorporated entity (LEI: 254900IX2F2KCWNSSS64).

Currency convention: the platform uses USDT as an internal accounting and display unit for USD-equivalent reporting. USDT is not a depositable or withdrawable asset on BASIS. See Risk Disclosure for details.

BASIS separates balances into two functional wallets:

1. Funding Wallet (native assets)

2. Staking Wallet (stTokens)

This structure keeps asset handling explicit, improves accounting clarity, and supports deterministic execution controls.

1) Funding Wallet (Native)

The Funding Wallet holds your native assets after deposit:

• BTC on Bitcoin

• ETH on Ethereum

• SOL on Solana

• PAXG on Ethereum

Typical actions

• Deposit

• Withdraw

• Swap native asset to the matching staking token

Think of the Funding Wallet as the operational layer for on-chain asset movement.

Deposits and withdrawals use native assets only:

• BTC ↔ Funding Wallet

• ETH ↔ Funding Wallet

• SOL ↔ Funding Wallet

• PAXG ↔ Funding Wallet

USDT is display-only and cannot be deposited or withdrawn.

2) Staking Wallet (stToken)

The Staking Wallet holds your staking tokens:

• stBTC

• stETH

• stSOL

• stPAXG

When you swap a native asset into its staking token, the conversion is always 1:1 within the same asset:

Native asset	Staking token
BTC	stBTC
ETH	stETH
SOL	stSOL
PAXG	stPAXG

Important: stTokens are position units

stTokens represent your staked position within BASIS.

• 1 BTC → 1 stBTC

• 1 ETH → 1 stETH

• 1 SOL → 1 stSOL

• 1 PAXG → 1 stPAXG

stTokens are used to track principal and rewards in asset quantity terms. They are not fiat-denominated balances.

3) Why BASIS uses two wallets

This separation supports:

• clearer operational state between deposited and staked assets

• safer withdrawal flows through explicit conversion paths

• cleaner ledgering and reporting

• stronger state-machine controls for asset transitions

It also aligns with BASIS system design principles:

• deterministic execution

• math-constrained accounting

• structured risk controls

• infrastructure optimized for execution precision and structural alpha capture

Research and execution design are informed by Base58 Labs, BASIS's research partner, with emphasis on deterministic systems, routing efficiency, and controlled strategy state transitions.

4) Asset flow by wallet

Action	From	To
Deposit BTC	External BTC wallet	Funding Wallet
Deposit ETH/SOL/PAXG	Connected Web3 wallet	Funding Wallet
Swap	Funding Wallet	Staking Wallet
Unstake	Staked position	Staking Wallet
Withdraw	Funding Wallet	External wallet

5) Complete lifecycle examples

BTC

1. Copy your BASIS-assigned BTC deposit address

2. Send at least 0.0001 BTC from your external BTC wallet

3. BTC arrives in your Funding Wallet

4. Swap BTC to stBTC at 1:1

5. stBTC appears in your Staking Wallet

6. Stake stBTC

7. Rewards accumulate in real time as stBTC

8. After unstaking, the claimable amount is auto-credited to your Staking Wallet as stBTC

9. Swap stBTC back to BTC at 1:1

10. Withdraw BTC from your Funding Wallet on-chain

ETH / SOL / PAXG

6) Operational rules

Rule	Details
Deposit assets	BTC, ETH, SOL, PAXG only
USDT	Internal accounting/display unit only
Swap scope	Same-token only, always 1:1
BTC minimum deposit	0.0001 BTC
Deposit fee	0%
Withdrawal fee	0.05%
Swap fee	0.01%

7) Related dashboard sections

The wallet model is reflected across the dashboard:

• Stake

• Assets

• Referral

• Support

• Account

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Next step: continue to Deposits to choose the correct asset funding flow.