Basic Tokens

Basic Tokens

What is a Basic token?

Basic tokens are the most underlying token of any opportunity on any platform. For example DAI, USDC, CRV, and SUSHI are basic tokens. These tokens may be composed and used in a variety of platforms such as in Yearn vaults, Curve or Uniswap pools, or in lending platforms like Aave or Compound.

Basic tokens conform to the ERC20 standard and do not include Native tokens or LP tokens

Properties of a Basic Token

The object shown below is an example of a response for a basic token returned by the the Portals API.

key"ethereum:0x03ab458634910aad20ef5f1c8ee96f1d6ac54919"A unique key identifying this token
name"Rai Reflex Index"The formatted name of the token
decimals18The number of decimal places the token uses
symbol"RAI"The symbol of the token
image""An image representing the token
price2.83The current USD price of the token
liquidity14815536The current USD market cap of the token
tokens[]An array of underlying tokens belonging to this token. See below for more details
platform"basic"The platform the token belongs to
address"0x03ab458634910aad20ef5f1c8ee96f1d6ac54919"The address of the token
addresses{"ethereum": "0x03ab458634910aad20ef5f1c8ee96f1d6ac54919", "polygon": "0x00e5646f60ac6fb446f621d146b6e1886f002905", "avalanche": "0x97cd1cfe2ed5712660bb6c14053c0ecb031bff7d", "optimism": "0x7fb688ccf682d58f86d7e38e03f9d22e7705448b"}An object containing the addresses of the token on other networks
network"ethereum"The network this token exists on
updatedAt"2022-10-21T10:39:30.243Z"The date and time of the last update for this token

Additional considerations

  • The liquidity prop refers to market capitalization (i.e. price * circulating supply).
  • The tokens array will be empty as basic tokens are not composed of other tokens like LP Tokens.