Lending · Review
Basic Review 2026: IoTeX Lending, Limited Details
Basic is described as a simple lending solution for DeFi users on IoTeX. Its loan terms, fees, security details and user flow are not established, so borrowers have little information to assess before proceeding.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Basic
Basic is best treated as a project to research further, not a lending service whose risks can be assessed from its published terms. Its stated focus is simple loans for DeFi users on IoTeX, which gives it a clear product category and chain. But Basic does not publish the loan mechanics, fees, collateral rules or liquidation process needed to evaluate a borrowing decision, and no audit information is listed. Do not commit funds until you can verify the official interface, contracts and complete loan terms.
Score breakdown
How Basic scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Basic?
Basic is described as a simple loans solution for DeFi users on IoTeX. It is categorized as a lending project, but its supported assets, collateral rules, interest rates and repayment process are not established.
Basic’s fees, audit information and user-facing app details are also not published. Treat it as an early research lead rather than a lending option with terms you can fully assess.
How Basic works
Basic is described as a loans solution for DeFi users on IoTeX. In a typical DeFi lending product, a borrower supplies collateral and receives a loan under rules enforced by smart contracts.
Basic’s own collateral rules, supported assets, interest calculation, repayment process and liquidation thresholds are not established. Without those details, borrowers cannot assess the cost or the conditions under which collateral might be lost.
1 features
Key features
01
IoTeX lending
Basic is described as a simple loans solution aimed at DeFi users on IoTeX. The types of loans and their terms are not specified.
Pros and cons
What we like
- The project is specifically described as a lending solution for DeFi users.
- It is associated with IoTeX, giving the project a stated chain focus.
Watch out for
- Basic’s loan terms, collateral requirements and liquidation process are not published.
- Fees are not published.
- No audit information is listed, and the project’s user-facing app or onboarding flow is not established.
Basic fees
Basic’s fees are not published. Check the terms shown in any official interface before taking out a loan; also account for any IoTeX network transaction costs.
Is Basic safe?
No audit information is listed for Basic. Its smart-contract details, custody model, collateral and liquidation rules are not established, so contract and borrower risks are difficult to assess. Regulatory status is not published. Verify the terms and contract addresses before interacting, and never borrow more than you can repay.
4 steps
How to get started with Basic
- 1
Confirm that you have identified Basic’s official interface and the correct IoTeX contracts before connecting a wallet.
- 2
Review the loan’s collateral requirements, interest, fees and repayment terms. These details are not established for Basic.
- 3
Check how liquidations work and whether you can repay on time before committing funds.
- 4
Use only funds you can afford to lose if you cannot verify the terms and risks.
Who Basic is for
Basic may interest IoTeX users researching lending projects, but it is not a good fit for borrowers who need clear, verifiable loan terms before committing collateral. Anyone considering it should first confirm the official app and contracts and obtain the full cost and liquidation details.
Basic FAQs
What is Basic?
Basic is described as a lending solution for DeFi users on IoTeX. Specific loan products and terms are not published.
What fees does Basic charge?
No loan fees or other charges are published. Check any official interface and transaction details before approving a loan.
Is Basic safe to use?
Basic is associated with IoTeX. Its collateral requirements, liquidation rules and contract details are not established. Only interact with a loan service if you understand the terms and can afford the risk.
Compare
Basic alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
More Lending dApps
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
Same chain
More on IoTeX
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Gate US is the US-incorporated arm of the Gate crypto exchange, a centralized platform for American individuals and institutions.
Avalon Finance is a Bitcoin-focused lending protocol with on-chain markets across many chains and a fixed-rate CeDeFi credit line for institutions.
Crypto Parrot is a free simulator for crypto trading and event predictions, aimed at users who want to practice with play money.
iZiSwap is the multi-chain DEX from iZUMi Finance, using a discretized-liquidity AMM to improve capital efficiency for traders and liquidity providers.
xDollar is a cross-chain CDP platform for borrowing its XIM stablecoin against collateral, aimed at experienced DeFi users.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.