# Glossary

This glossary defines the core product, trading, staking, and security terms used across BASIS. It is designed to help users interpret platform workflows, dashboard metrics, account controls, and infrastructure references. All entries reflect current support for BTC, ETH, SOL, and PAXG.

{% hint style="info" %}
Operator and jurisdiction: BASIS is operated by BASIS DIGITAL INFRASTRUCTURE LTD, a Seychelles IBC (LEI: [254900IX2F2KCWNSSS64](https://lei.bloomberg.com/leis/view/254900IX2F2KCWNSSS64)).

Research Partner: Base58 Labs contributes execution research, systems modeling, and risk design.
{% endhint %}

Jump to: [A](#a) · [B](#b) · [C](#c) · [D](#d) · [E](#e) · [F](#f) · [G](#g) · [H](#h) · [K](#k) · [L](#l) · [M](#m) · [O](#o) · [P](#p) · [R](#r) · [S](#s) · [T](#t) · [U](#u) · [V](#v) · [W](#w) · [Y](#y)

## A

## API Key

An API Key is a credential used to authenticate programmatic access to BASIS. It is typically combined with HMAC request signing, timestamps, and optional whitelist controls to secure account-level actions: see [HMAC](#hmac) and [Whitelist](#whitelist).

## APR

APR is a simple annualized return metric that does not include compounding.

## APY

APY is an annualized return metric that includes the effect of compounding over time.

## Arbitrage

Arbitrage is the practice of capturing price differences for the same or closely related asset across venues, instruments, or time states. On BASIS, arbitrage is pursued through controlled routing, inventory coordination, and execution precision: see [BQAE](#bqae).

## Atomic execution

Atomic execution is the coordinated completion of both legs of a strategy with minimal timing exposure between them. Depending on context, this can mean literal on-chain atomicity or operational atomicity across venues: see [On-chain](#on-chain).

## B

## Base58 Labs

Base58 Labs is the independent research partner behind the market microstructure research, execution models, structural alpha design, and risk frameworks used by BASIS.

## BASIS

BASIS is a professional cryptocurrency arbitrage and staking platform operated by BASIS DIGITAL INFRASTRUCTURE LTD. It connects user-facing staking and account tools to institutional-grade execution, treasury, and risk systems.

## BHLE

BHLE stands for BASIS Hyper-Latency Engine. It is proprietary routing and execution infrastructure engineered for sub-50μs latency and 100,000+ OPS throughput under controlled state-machine risk checks. These performance targets are central to BASIS execution precision and routing optimization.

## BIVB

BIVB stands for BASIS Iso-Value Bridge. It converts a supported deposited asset into its corresponding stToken at a 1:1 same-asset quantity ratio: BTC to stBTC, ETH to stETH, SOL to stSOL, and PAXG to stPAXG. It does not perform cross-asset swaps.

## Booster

A Booster is an optional fixed lock-up multiplier applied to staking rewards for a defined term. Available configurations are 14D (+10%), 30D (+20%), 90D (+50%), and 180D (+100%, 2x): see [Lock-up period](#lock-up-period).

## BOVE

BOVE stands for BASIS Omni-Vector Engine. It is the strategy coordination layer that orchestrates the platform strategy matrix and capital routing logic.

## BQAE

BQAE stands for BASIS Quantum Arbitrage Engine. It is the execution engine designed to capture cross-venue inefficiencies through deterministic routing, inventory awareness, and execution precision.

## BSCB

BSCB stands for BASIS Sentinel Circuit Breaker. It is a protective control system that can halt or constrain execution activity and initiate unwind procedures when predefined risk conditions are detected.

## C

## Circuit Breaker

A circuit breaker is an automated safeguard that pauses or limits activity when risk thresholds are breached. On BASIS, the platform implementation is [BSCB](#bscb).

## Claimable amount

Claimable amount is the balance displayed as ready for automatic crediting when the relevant staking event completes. For standard BASIS staking flows, crediting occurs automatically in the Staking Wallet and does not require a separate manual claim step: see [Staking Wallet](#staking-wallet).

## Collateral yield optimization

Collateral yield optimization is the use of a supported collateral asset, including PAXG, in conservative structures intended to improve capital efficiency under strict risk controls.

## Cross-chain

Cross-chain describes the movement or coordinated handling of value and instructions between different blockchain environments. On BASIS, this most commonly refers to controlled operational flows between SVM-based SOL activity and EVM-based ETH or PAXG activity under defined bridge and settlement procedures: see [EVM](#evm) and [SVM](#svm).

## D

## Dashboard

The Dashboard is the primary user interface for BASIS. It is organized into sections such as Stake, Assets, Referral, Support, and Account.

## DB Sync

DB Sync is a dashboard status indicator showing that relevant blockchain records and platform database entries are synchronized.

## Deterministic execution

Deterministic execution is an execution design that follows predefined routing rules, mathematical constraints, and state-machine checks to reduce variance in order handling.

## DMM

DMM stands for Defensive Maintenance Mode. It is a protective operating state used for controlled unwinding, root-cause review, and safe resumption of execution.

## DRR

DRR stands for Daily Reward Rate. It is an estimated daily yield rate on deployed capital, expressed as a percentage. DRR reflects recent strategy performance and is not guaranteed.

## E

## EVM

EVM stands for Ethereum Virtual Machine. It is the execution environment used by Ethereum-compatible smart contracts and is relevant to ETH and PAXG deposit flows on BASIS: see [Smart Contract](#smart-contract).

## Execution Layer

The Execution Layer is the technical routing, matching, and venue interaction infrastructure that sits between strategy logic and settlement systems. On BASIS, it includes components such as [BHLE](#bhle), [BQAE](#bqae), and [BOVE](#bove), with BHLE engineered for sub-50μs latency and 100,000+ OPS throughput.

## F

## Fixed pool

A fixed pool is a staking pool with a predefined lock-up period. Unstaking becomes available only after the term ends, and early exit is not supported.

## Funding rate

Funding rate is the periodic payment mechanism used in perpetual futures markets to help anchor perpetual contract pricing to spot pricing.

## Funding Wallet

The Funding Wallet is the wallet view for supported asset balances and transfers. Deposits and withdrawals of BTC, ETH, SOL, and PAXG are managed through the Funding Wallet. For stake-related balances, see [Staking Wallet](#staking-wallet).

## G

## Gas Fee

A Gas Fee is the network fee paid to process and finalize an on-chain transaction. For ETH and PAXG operations on EVM-compatible networks, gas fees are external blockchain costs rather than BASIS platform charges: see [On-chain](#on-chain).

## H

## HMAC

HMAC stands for Hash-based Message Authentication Code. On BASIS, it is used as the request-signing method for API authentication together with an API key: see [API Key](#api-key).

## K

## KYC

KYC stands for Know Your Customer. It is the account verification process used to confirm user identity and support access control, security, and compliance workflows.

## L

## Latency

Latency is the measured time between an instruction entering the execution path and the system reaching the next actionable state, such as route selection or order transmission. BHLE is engineered for sub-50μs latency to support tighter timing control and better execution precision: see [BHLE](#bhle).

## Liquidity fragmentation

Liquidity fragmentation is the operational condition in which usable market depth is distributed across multiple venues and pathways. BASIS addresses this by distributing capital and routing logic to reduce single-venue dependency and improve resilience.

## Liquidity Pool

A Liquidity Pool is an internal pool of deployable capital used to fund staking, hedging, or arbitrage operations for a given asset or strategy set. On BASIS, this term refers to operational capital groupings unless explicitly stated otherwise, not to a public AMM pool.

## Lock-up period

A lock-up period is the fixed duration during which staked assets remain committed in a Booster or fixed pool configuration. During this period, the position cannot be freely unstaked.

## M

## Market neutral

Market neutral describes a strategy design intended to minimize net directional exposure to broad market moves. It reduces sensitivity to price direction but does not eliminate risk.

## Multi-sig

Multi-sig describes a custody and authorization model that requires multiple approved signatures before a transfer or administrative action can be executed. BASIS uses multi-sig controls to reduce single-key risk in treasury and settlement workflows.

## O

## On-chain

On-chain describes any action or record that is submitted to and finalized by a blockchain network. Deposits and withdrawals of supported assets interact with on-chain addresses, while some internal dashboard balances are maintained as platform records until a settlement event occurs.

## OPS

OPS stands for operations per second. BASIS highlights 100,000+ OPS as a benchmark for BHLE throughput under defined state-machine controls: see [BHLE](#bhle).

## P

## PAXG

PAXG is a live supported asset on BASIS. It can be deposited through a connected Web3 wallet in an EVM-compatible flow and converted 1:1 into stPAXG through BIVB: see [BIVB](#bivb).

## Proof of Reserves

Proof of Reserves is the attestation process used to demonstrate that controlled custody balances support recorded platform liabilities or required coverage levels. On BASIS, it serves as a transparency mechanism for supported asset balances and internal accounting integrity.

## R

## Real-time accumulation

Real-time accumulation is the reward accounting model in which staking rewards accrue continuously and are reflected over time in the Staking Wallet. It is not a manual batch-claim model for standard BASIS staking flows: see [Staking Wallet](#staking-wallet).

## Referral Code

A Referral Code is the unique code used to attribute user onboarding and participation within the Trinity contribution system. Entering a referral code links the account to the relevant contribution path: see [Trinity](#trinity).

## S

## Seychelles IBC

This term refers to the International Business Company entity type used by BASIS DIGITAL INFRASTRUCTURE LTD. In platform materials, it identifies the company’s legal structure rather than a product feature.

## Slippage

Slippage is the difference between the expected execution price and the realized average fill price. It typically increases when markets move quickly, available depth is limited, or order size is large relative to liquidity.

## Smart Contract

A Smart Contract is on-chain code that executes predefined logic when called. On BASIS, smart contracts are relevant to EVM-compatible asset flows such as ETH and PAXG deposits and related settlement checks: see [EVM](#evm).

## Staking Wallet

The Staking Wallet is the wallet view used for holding stTokens, monitoring reward accrual, and managing stake-related balances.

## Structural alpha capture

Structural alpha capture is a strategy approach focused on persistent inefficiencies created by market structure, venue segmentation, and inventory imbalances. BASIS pursues this through routing optimization, timing, and capital coordination rather than directional speculation.

## stToken

An stToken is the staking balance token that represents an allocated staking position for a specific supported asset. Examples include stBTC, stETH, stSOL, and stPAXG. These balances are created through BASIS staking conversion flows: see [BIVB](#bivb).

## SVM

SVM stands for Solana Virtual Machine. It is the execution environment relevant to SOL deposit flows and Solana-compatible account interactions on BASIS.

## T

## Trinity

Trinity is the contribution-based reward system associated with referral and participation activity on BASIS. For onboarding attribution, see [Referral Code](#referral-code).

## U

## Unstake

Unstake is the action that exits a staked position. BASIS processes unstake requests on a full-position basis only, and partial unstaking is not supported. Completed proceeds are credited automatically according to the product flow: see [Claimable amount](#claimable-amount).

## USDT

USDT is the internal accounting and display unit used for USD-equivalent valuation across the BASIS dashboard. It cannot be deposited or withdrawn and is not a supported asset for staking or transfer on BASIS.

## V

## Vault

A Vault is an internal capital management structure that groups balances, strategy allocations, and risk controls for deployment. Vaults help BASIS isolate liquidity, manage exposure, and track asset-level performance: see [Liquidity Pool](#liquidity-pool).

## VIP1

VIP1 is the baseline VIP tier on BASIS. It has no minimum threshold and is open to all users.

## W

## Web3 wallet

A Web3 wallet is the connection method used for ETH, SOL, and PAXG deposits on BASIS. The exact wallet standard depends on whether the transaction uses an EVM or SVM environment: see [EVM](#evm) and [SVM](#svm).

## Weight

Weight is the displayed percentage of total deployed capital allocated to a specific asset strategy module. It appears on dashboard asset cards and describes current allocation rather than a separate ownership share.

## Whitelist

A Whitelist is an approved list of IP addresses or destination addresses permitted for specific account actions. On BASIS, whitelisting is used as a security control for API access and asset transfer workflows.

## Y

## Yield

Yield is the general measure of return generated by deployed capital over time. On BASIS, APR refers to simple annualized return, while APY reflects annualized return with compounding: see [APR](#apr) and [APY](#apy).


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