Basis Markets

TL;DR

Basis Markets is an advanced trading platform on Solana that enables delta-neutral trading strategies with powerful automation and real-time data. It offers the Basis Trade Engine for analyzing opportunities and the Basis Trade eXecutor for one-click execution. Access requires a Basis NFT and fees are paid in the native BASIS token.

What is Basis Markets?

Basis Markets is a sophisticated trading platform built on the Solana blockchain that is designed for executing delta-neutral strategies. It aggregates real-time market data from 12 top centralized and decentralized exchanges to surface the most profitable trading opportunities.

The platform offers two core products:

1. Basis Trade Engine (BTE) - A powerful analytics dashboard for identifying and comparing delta-neutral trades in real-time across markets.
2. Basis Trade eXecutor (BTX) - An automated trade execution platform that enables one-click execution of complex, multi-leg delta neutral trades.

By combining advanced algorithms, an intuitive interface, and deep exchange integrations, Basis Markets aims to make executing profitable, low-risk delta neutral strategies far more accessible.

How Basis Markets Works

At the core of Basis Markets is its proprietary data engine that aggregates order book data and analytics from 12 centralized and decentralized crypto exchanges in real-time. This includes major names like Binance, FTX, Bybit, Mango Markets, and more.

The Basis Trade Engine dashboard takes this raw market data and surfaces the most profitable delta-neutral trading opportunities based on user-selected parameters. Traders can easily compare different trade setups, analyze historical performance, and simulate potential profits.

Once a trader has identified an attractive opportunity, they can seamlessly execute it with one-click using the Basis Trade eXecutor. The BTX is connected to the user's exchange accounts via API keys and can automatically execute complex, multi-leg trades across markets.

For example, say the BTE surfaces an opportunity to earn 25% APR by market neutral trading BTC perpetual futures on Binance vs Mango Markets. With the BTX, executing this trade is as simple as connecting your accounts, confirming the trade parameters, and clicking execute. The BTX will automatically open positions on both exchanges with a delta-neutral hedge.

Basis Markets Access

To access the Basis Markets platform, users must hold a Basis NFT in their Solana wallet. There are several tiers of NFTs that grant varying levels of access and platform fee discounts.

Trading fees on Basis Markets are paid in the native BASIS utility token. Users can stake BASIS to receive a portion of platform fees as staking rewards. Stakers also receive governance rights in the Basis Markets DAO.

This unique combination of an NFT access pass and staking rewards helps align platform users and ensure a fair fee model. It also provides an avenue to directly share platform revenues with the Basis Markets community.

What Makes Basis Markets Special?

Basis Markets stands out for its powerful combination of automation, data aggregation, and an intuitive interface that makes delta neutral trading far more accessible.

By aggregating real-time data from 12 top exchanges, Basis ensures traders have eyes on the entire market to capture fleeting arbitrage opportunities. The advanced algorithms of the BTE can surface profitable trades that would be very difficult to identify manually.

The BTX then streamlines the actual process of executing delta neutral strategies that can often involve multiple complex steps. With one-click execution of multi-leg, cross-exchange trades, Basis dramatically reduces the barrier to entry for advanced trading.

This potent combination makes Basis Markets uniquely positioned to become a hub for delta-neutral yield strategies. Whether it's perpetual futures basis trades, cross-exchange market making or arbitrage, Basis offers the tools to make these strategies viable for a wider audience.

Basis Markets Features

• Real-time market data aggregation from 12 top centralized and decentralized exchanges
• Customizable Basis Trade Engine dashboard for analyzing delta-neutral opportunities
• One-click execution of complex, multi-leg trades via Basis Trade eXecutor
• Integrations with major exchanges like Binance, FTX, Bybit, and Mango Markets
• Advanced algorithms for identifying optimal entry/exit points and trade sizing
• Market-neutral yield strategies like perpetual futures basis trading and cross-exchange arbitrage
• NFT-gated access with tiered benefits like reduced trading fees
• BASIS utility token for paying platform fees and earning staking rewards
• Decentralized governance via the Basis Markets DAO

Basis Markets Team

Basis Markets was founded in late 2021 by a team of experienced traders and Solana developers with backgrounds from major crypto funds and projects. The core team includes:

• Benjamin Bernard (Co-founder & CEO) - Former head of trading at Multicoin Capital
• Garrett Marshall (Co-founder & CTO) - Solana smart contract developer, ex-Amazon
• Riley Turk (Chief Scientist) - PHD in mathematical finance, former quant trader

The project is backed by major investors including Alameda Research, Solana Ventures, and CMS Holdings.

Basis Markets Roadmap

Basis Markets launched the beta version of the BTE in late 2022 and has been iteratively improving it based on user feedback. The BTX is set to launch in Q3 2023, which will mark the full public release of the platform.

Key upcoming milestones include:

• Q3 2023 - Basis Trade eXecutor launch on mainnet
• Q4 2023 - Addition of 5 new exchanges and delta-neutral strategies
• Q1 2024 - Launch of Basis Mobile app for on-the-go trade monitoring
• Q2 2024 - Expansion to other major blockchains beyond Solana

Over the longer term, the Basis team plans to continue adding more exchanges, trading pairs, and delta neutral strategies. The goal is for Basis to become a multi-chain hub for market neutral yield and advanced trading automation.

Basis Tokenomics

The BASIS utility token powers the Basis Markets ecosystem. Its primary use cases are:

1. Paying trading fees on the platform
2. Staking to earn a share of platform revenues
3. Governance in the Basis DAO

The total supply of BASIS is 1 billion tokens with the following distribution:

• 25% sold via public and private token sales
• 35% allocated to platform rewards and staking incentives
• 20% to the team and future hires with 4 year vesting
• 10% to early investors with 18 month vesting
• 10% reserved for future community initiatives and partnerships

BASIS staking rewards are funded by a portion of the trading fees collected by Basis Markets. This aligns tokenholders with the long term growth of the platform. Staked BASIS tokens can also be used to vote on key decisions in the Basis DAO, such as fee rates and new feature prioritization.

Basis Markets Security

As a platform focused on automated trading, security is a top priority for Basis Markets. The team has taken several steps to ensure user funds are protected:

• Regular smart contract audits by firms like Certik and Kudelski
• Bug bounties and penetration testing to identify vulnerabilities
• Secure storage of API keys and user data
• Rigorous internal testing and risk management protocols
• Disaster recovery plan and insurance fund to protect against black swan events

Basis Markets also places a heavy emphasis on education to help users understand the risks of delta neutral trading. The team maintains extensive documentation and hosts regular workshops to promote responsible use of the platform.

Conclusion

Basis Markets is pushing the boundaries of what's possible with advanced trading automation on Solana. By aggregating real-time data from top exchanges and offering powerful tools like the Basis Trade Engine and eXecutor, Basis is making delta neutral strategies far more accessible.

With a unique token model, experienced team, and robust security practices, Basis Markets is well positioned to become the go-to hub for market-neutral yield as Solana DeFi matures.