BitFi Basis protocol
Overview
BitFi Basis is the synthetic-dollar component of BitFi, a CeDeFi asset management platform built around Bitcoin yield. It issues bfUSD, a synthetic stablecoin minted from USDT and USDC deposits, whose backing is deployed into yield strategies while user assets are held under BitFi's custody arrangements. BitFi Basis earns revenue from instant redemption and cross-chain transfer fees on bfUSD plus yield accrued by its underlying vault positions; it sits alongside BitFi's bfBTC yield token and BFI governance token.
Within the DeFi Intel graph, BitFi Basis connects to 7 tracked entities, most strongly to Ethereum, Base, Binance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Base | 95% |
deployed_on | Binance | 95% |
deployed_on | Hemi | 95% |
deployed_on | Bitlayer | 95% |
deployed_on | CORE | 95% |
audited_by | Hacken | 55% |
Frequently asked questions
What is BitFi Basis?
BitFi Basis is a basis trading tracked in the DeFi Intel knowledge graph. It is connected to 7 other tracked entities, most strongly to Ethereum, Base, Binance.
What type of entity is BitFi Basis?
BitFi Basis is classified as a basis trading (protocol) in the DeFi Intel knowledge graph.
What is BitFi Basis connected to?
In the DeFi Intel knowledge graph, BitFi Basis is linked to 7 other tracked entities, most strongly to Ethereum, Base, Binance.
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