BitFi Basis
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Protocol TVL
About BitFi Basis
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Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
BitFi Basis codebase lineage and protocol family
BitFi Basis is published as a versioned release inside the Bitfi protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
BitFi Basis is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
BitfiBitFi Basis Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 14, 2025Listed on DeFiLlama
Protocol Profile
BitFi Basis operates in the Basis Trading category of DeFi. It is deployed across 6 chains, including Binance, Ethereum, Hemi, Base and 2 other chains. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
TVL spans 4 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
BitFi Basis runs a multi-chain deployment, with smart contracts live on 6 networks. TVL is comparatively balanced across networks: even the largest deployment (Binance) holds only 36% of the protocol's value. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.
Official Resources & Links
Verified external resources for BitFi Basis — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
BitFi Basis is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.7B in deposits, giving you a frame of reference for whether BitFi Basis's own TVL is at the top, middle, or tail of the category.
Recent BitFi Basis news
Latest reporting from major crypto news outlets covering BitFi Basis.
- Crypto news
Jiuzi bets on Bitcoin yield via BitFi's $2.75b asset pool
Jiuzi is transforming its billion-dollar treasury from a passive crypto holding into a revenue-generating engine by plugging directly into BitFi's network of staking and arbitrage…
- Crypto Briefing
Bitcoin Network's First-Ever BRC20 Stablecoin Launched: Stably USD
Catering to the new and growing BitFi ecosystem, a first-of-its-kind BRC20 stablecoin has launched following the memcoins and NFT frenzy
- Blockonomi
Bitfarms (BITF) Abandons Bitcoin Strategy, Shifts Focus to AI Infrastructure
Bitfarms is executing one of the industry's most dramatic strategic transformations. The mining company is liquidating its entire bitcoin treasury and redirecting resources toward…
- Bitcoin Magazine
Bitfarms (BITF) Started Selling All of Its Bitcoin, Pivoting Fully to AI Infrastructure
Bitfarms confirmed that it is selling all its bitcoin on its balance sheet.
- Blockonomi
Bitfarms (BITF) Stock Up 7% on Strategic Pivot to Nvidia-Powered AI Centers
Bitfarms stock surged 9% as analysts tripled targets to $6 on $128M AI pivot. Options traders turned bullish on the crypto miner's infrastructure shift.
- Blockonomi
Bitfarms (BITF) Stock Plummets as Miner Abandons Bitcoin for AI
Bitfarms (BITF) stock: Shares drop 18% as Bitcoin miner plans complete exit by 2027 to pivot to AI infrastructure after posting $46 million Q3 loss.
- Blockchain News
Bitfarms (BITF) Reports Significant Hashrate Increase and Operational Expansion
Bitfarms earned 156 BTC in May 2024, increased hashrate to 9.5 EH/s, and secured additional hydropower.
- Bitcoin Magazine
Bitcoin Miner Bitfarms (BITF) to Exit Bitcoin Mining, Pivot to AI Computing
Bitcoin Magazine Bitcoin Miner Bitfarms (BITF) to Exit Bitcoin Mining, Pivot to AI Computing Bitfarms is winding down its Bitcoin mining over two years to focus on AI and…
Related protocols
Other DeFi protocols connected to BitFi Basis by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Basis Trading protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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