Basis Pool

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Basis Pool
Pool Description/Risks
BASIS is the utility token of basis.markets and can be staked into rBASIS to receive 16% of profits generated from the BASIS platform. This pool lets you use rBASIS as collateral, borrowing USDC or BASIS to add to your rBASIS deposit.
One risk of this pool is the smart contract risk associated with Basis's staking platform. Risk is low due to the simplicity of the contracts. When leveraging BASIS for rBASIS, make sure to manage your positions as utilization might drive up, turning the strategy unprofitable. 
Oracles:
The price of BASIS is detected using a Switchboard oracle that pulls data from on-chain sources, Orca & Serum. rBASIS relies on the rBASIS:BASIS ratio calculated by drawing from the on-chain reserve of staked BASIS, and the number of rBASIS in circulation. Currently, prices will be updated every 60s, or when a 0.5% move occurs. 
Switchboard currently employs an equal weighting mechanism, where the average of these three prices are taken. In times of market congestion, we will bump the OracleBatchSize to 5 to improve oracle reliability.  
rBASIS
Parameter
Value
Optimal utilization rate (%)
80%
Loan to value ratio
50%
Liquidation penalty 
10%
Liquidation threshold
65%
Min borrow APR
NA
Optimal borrow APR
NA
Max borrow APR
NA
Interest Rate Spread
20%
Borrow fee
NA
Flash loan fee
0.3%
Host fee percentage
20%
Deposit limit
4,000,000 rBASIS
User Deposit Limit
None 
Borrow Limit
Borrows are disabled
Oracles
​Switchboard​
BASIS
Parameter
Value
Optimal utilization rate (%)
80%
Loan to value ratio
50%
Liquidation penalty 
10%
Liquidation threshold
65%
Min borrow APR
0%
Optimal borrow APR
25%
Max borrow APR
150%
Interest Rate Spread
20%
Borrow fee
1%
Flash loan fee
0.3%
Host fee percentage
20%
Deposit limit
8,000,000 BASIS
User Deposit Limit
None 
Borrow limit
None
Oracles
​Switchboard​
USDC
Parameter
Value
Optimal utilization rate (%)
80%
Loan to value ratio
50%
Liquidation penalty 
10%
Liquidation threshold
65%
Min borrow APR
0%
Optimal borrow APR
15%
Max borrow APR
200%
Interest Rate Spread
20%
Borrow fee
1%
Flash loan fee
0.3%
Host fee percentage
20%
Deposit limit
250,000 USDC
User Deposit Limit
None 
Borrow limit
None
Oracles
​Pyth, Switchboard​
Aurory Pool
USDH Pool
Last modified 2mo ago
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