About Basix

What is Basix?

Basix is a synthetic dollar protocol on Arbitrum, designed to provide users with embedded basis yield from low volatility strategies across spot and perpetual decentralized exchanges (DEXs). The protocol issues Basix USD (USDx), a synthetic dollar. Basix improves on the user experience and efficiency by offering direct deposit and redemption of USDC as collateral with plan to extend its services to other crypto assets like Basix BTC (BTCx). We're leveraging the untapped potential of funding rates on burgeoning platforms like Hyperliquid, setting Basix apart in the DeFi landscape.

What is Basix's mission?

Basix's mission is to redefine the DeFi risk-free rate by offering a capital-efficient method for capturing the perpetual DEX basis trade. Ultimately, the goal is to provide the best source of yield on crypto assets in DeFi.