# Quick Reference: Key Terms

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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.
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Core wallet model:

* Funding Wallet holds native assets for deposit and withdrawal
* Staking Wallet holds stTokens for staking and reward accrual
* Same-token swaps only, BTC ↔ stBTC, ETH ↔ stETH, SOL ↔ stSOL, PAXG ↔ stPAXG, each at 1:1 quantity
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A compact reference for the core technical terms used across this documentation. For the extended version, see [Glossary](/reference/glossary.md).

***

## Operational quick facts

| Topic                  | Rule                                                                                                                                                        |
| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |
| BTC deposit            | Copy your BASIS-assigned BTC address. Each account receives a unique deposit address. No Web3 wallet connection is required. Minimum deposit is 0.0001 BTC. |
| ETH, SOL, PAXG deposit | Connect a supported Web3 wallet, such as MetaMask or Phantom, then submit the transfer in the same native asset.                                            |
| Depositable assets     | BTC, ETH, SOL, PAXG                                                                                                                                         |
| USDT                   | Display and accounting unit only. Not depositable or withdrawable.                                                                                          |
| Fees                   | Deposit 0%, Withdrawal 0.05%, Swap 0.01%                                                                                                                    |
| Withdrawal timing      | BTC, 10 to 60 minutes. ETH, SOL, PAXG, 1 to 10 minutes                                                                                                      |
| Rewards                | Accumulate in real time as the same stToken in the Staking Wallet                                                                                           |
| Unstake                | Full position only. The interface auto-selects the full amount.                                                                                             |
| Fixed pools            | Unstake is available only after the selected lock-up period ends. No early exit option.                                                                     |
| Booster schedule       | 14D +10%, 30D +20%, 90D +50%, 180D +100%                                                                                                                    |
| Dashboard sections     | Stake, Assets, Referral, Support, Account                                                                                                                   |

## Supported swap pairs

| Asset | Staked Token |
| ----- | ------------ |
| BTC   | stBTC        |
| ETH   | stETH        |
| SOL   | stSOL        |
| PAXG  | stPAXG       |

## Deposit paths 🔄

{% tabs %}
{% tab title="BTC" %}

1. Open Assets
2. Copy your BASIS-assigned BTC deposit address
3. Send at least 0.0001 BTC from your external wallet or exchange
4. Funds arrive in the Funding Wallet
   {% endtab %}

{% tab title="ETH / SOL / PAXG" %}

1. Open Assets
2. Connect a supported Web3 wallet
3. Approve and send ETH, SOL, or PAXG in the same native asset
4. Funds arrive in the Funding Wallet
   {% endtab %}
   {% endtabs %}

## Position lifecycle

{% stepper %}
{% step %}
**Deposit native asset**

Deposit BTC to your unique BASIS BTC address, or connect a Web3 wallet for ETH, SOL, or PAXG. Deposits settle into the Funding Wallet.
{% endstep %}

{% step %}
**Swap 1:1 into stToken**

Convert the native asset into its corresponding stToken only. Cross-asset swaps are not supported.
{% endstep %}

{% step %}
**Stake into a fixed pool**

Allocate stTokens from the Staking Wallet into a staking pool with an optional lock-up booster.
{% endstep %}

{% step %}
**Accrue rewards in real time**

Rewards accumulate continuously as the same stToken in the Staking Wallet.
{% endstep %}

{% step %}
**Unstake the full position**

After the lock-up ends, unstake the full position. The released amount is auto-credited to the Staking Wallet as the same stToken, subject to a 7-day unstaking buffer.
{% endstep %}
{% endstepper %}

***

## Key terms

BHLE (Base58 Hyper-Latency Engine)\
The proprietary execution engine developed with Base58 Labs, BASIS's Research Partner. BHLE delivers sub-50μs internal latency, 100,000+ orders per second, and proprietary routing infrastructure designed for deterministic execution, execution precision, and structural alpha capture. The engine is constrained by mathematical risk bounds and state machine risk controls. See [System Overview](/whitepaper/system-overview.md).

BIVB (BASIS Iso-Value Bridge)\
The conversion mechanism that swaps native deposited assets, BTC, ETH, SOL, and PAXG, into their corresponding staking tokens, stBTC, stETH, stSOL, and stPAXG, at a strict 1:1 quantity ratio. BIVB preserves asset quantity. It does not guarantee fiat-equivalent value.

stToken\
A tokenized receipt issued by BIVB upon conversion, for example stBTC or stPAXG. stTokens are held in the Staking Wallet and represent the user's active staking balance plus real-time reward accrual in the same asset denomination.

Funding Wallet\
The wallet area that holds native assets, BTC, ETH, SOL, and PAXG. Deposits arrive here and withdrawals are initiated from here.

Staking Wallet\
The wallet area that holds stTokens, stBTC, stETH, stSOL, and stPAXG. Rewards accrue here in real time as the same stToken.

Swap\
A same-token conversion only. Supported paths are BTC to stBTC, ETH to stETH, SOL to stSOL, and PAXG to stPAXG, each at a 1:1 quantity ratio. Cross-asset swaps are not supported.

Stake\
The action of allocating stTokens from the Staking Wallet into an active strategy pool.

Unstake\
The action of closing a staking position after its lock-up condition is satisfied. BASIS processes unstake as a full-position action only. The interface auto-selects the full amount.

Claimable Amount\
The amount released when an unstake completes. It is automatically credited to the Staking Wallet as the same stToken after the 7-day unstaking buffer is fulfilled.

BOVE (BASIS Omni-Vector Engine)\
The portfolio coordination engine that allocates capital across multiple strategy pipelines simultaneously. It optimizes the mix of spatial arbitrage, funding rate capture, DeFi lending, and active PAXG yield based on real-time risk-adjusted returns.

BQAE (BASIS Deterministic Arbitrage Engine)\
The cross-venue spatial arbitrage execution module inside BHLE. It runs a continuous four-step cycle, scan, filter, execute atomically, and settle.

BSCB (BASIS Sentinel Circuit Breaker)\
An automated protection layer that halts new trading activity and initiates controlled unwinding when predefined risk thresholds are breached, such as slippage anomalies above internal limits, margin deterioration, or benchmark pricing instability. See [BSCB](/risk-safety-and-asset-protection/bscb.md).

DMM (Defensive Maintenance Mode)\
The platform state entered after BSCB activation or manual intervention. In DMM, no new positions are opened, existing positions are unwound in an orderly sequence, root cause analysis is performed, and the system returns to Normal mode only after verification. See [DMM](/risk-safety-and-asset-protection/dmm.md).

Trinity\
BASIS's contribution-aligned referral network. Trinity rewards are distributed only when a downstream user performs a Claim event. Rewards are not triggered by sign-up alone or by static hierarchy depth. See [Trinity Overview](/trinity-referral-and-vip/overview.md).

Referral Activation State\
The policy rule set that determines which Trinity reward nodes are active for an account based on eligible contribution and staking activity. See [Trinity Overview](/trinity-referral-and-vip/overview.md).

Node A, Node B, Node C\
Trinity reward nodes that define how eligible reward flow propagates through the referral network. Node A covers direct referrals. Node B covers the next eligible scope. Node C covers the expanded eligible scope. Reward rates can reach Node A 18%, Node B 10%, Node C 7%, plus Leadership 5%, subject to an aggregate cap of 40%. See [Trinity Overview](/trinity-referral-and-vip/overview.md).

Lock-up Booster\
A yield multiplier applied to the user's share of net realized yield in exchange for a fixed-duration commitment. Available boosters are 14 days +10%, 30 days +20%, 90 days +50%, and 180 days +100%. Fixed pools unlock only at the end of the selected period and do not support early exit. See [Booster System](/economics-and-rewards/booster-system.md).

Funding Rate\
A periodic cash flow in perpetual futures markets that aligns the futures price with the spot price. When positive, longs pay shorts. When negative, shorts pay longs. BASIS captures funding through delta-neutral long-spot and short-perpetual structures. See [Funding Rate Mechanics](/research-library-deep-dives/funding-mechanics.md).

Delta-Neutral\
A position where net directional exposure to the underlying asset is approximately zero. Gains and losses from price movement on the long leg offset those on the short leg. Residual P\&L comes primarily from carry, spreads, and execution quality rather than market direction.

Market-Neutral\
A broader concept where strategy returns are designed to remain statistically insensitive to the direction of the relevant market. A delta-neutral strategy is market-neutral with respect to price. A fully market-neutral strategy also addresses volatility and correlation risk.

Slippage\
The difference between the expected execution price and the actual fill price caused by order book liquidity consumption. BASIS enforces a maximum slippage bound of 0.30% per trade. Orders outside this bound are rejected by the protection stack. See [Anti-Slippage](/technical-architecture/anti-slippage.md).

Execution Precision\
The collection of controls used to reduce adverse ordering effects, latency leakage, settlement drift, and on-chain execution variance. BASIS incorporates execution precision constraints directly into routing logic, expected value models, and structural alpha capture workflows. See [System Overview](/whitepaper/system-overview.md).

PAXG (Paxos Gold)\
An ERC-20 token issued by Paxos Trust Company, where each token represents one troy ounce of LBMA-accredited Good Delivery gold bullion held in professional vaulting infrastructure. PAXG is fully active on BASIS for deposit, staking, and withdrawal. See [Why PAXG](/paxg-integration/why-paxg.md).

## Dashboard navigation

| Section  | Purpose                                                               |
| -------- | --------------------------------------------------------------------- |
| Stake    | Open and manage staking positions                                     |
| Assets   | View Funding Wallet, Staking Wallet, deposits, swaps, and withdrawals |
| Referral | View Trinity referral network activity and reward history             |
| Support  | Access operational assistance and case handling                       |
| Account  | Manage profile, security, and account settings                        |


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