> For the complete documentation index, see [llms.txt](https://docs.trybasket.live/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trybasket.live/resources/faq.md).

# FAQ

This page answers the most common questions about Basket, backing, custody, and creator-managed baskets.

### What is Basket?

Basket is a platform for creator-made index tokens on Base.

Each basket is a tokenized portfolio with defined target weights.

### How do I create a basket?

Go through the creator flow, choose constituents, set weights, choose fixed or managed, and publish it under your linked X identity.

Some product details are still `TBD` while the experience is finalized.

### How is a basket token backed?

Each basket token is backed by the real constituent assets held in that basket's pool.

Pool holdings divided by token supply defines what one token represents.

### Do creators or Basket hold my money?

No.

The pool holds the assets on-chain.

Creators define the recipe.

Basket provides the platform and routing flow.

### Can I redeem anytime?

Yes.

Basket is designed for open mint and redeem flows with no lockups.

Actual network and swap conditions still apply at the time you redeem.

### What's the difference between fixed and managed baskets?

A fixed basket locks its recipe at creation.

A managed basket lets the creator change constituents or weights over time.

Managed baskets carry added creator and curation risk.

### How do creators earn?

Creators may be able to set an optional management fee.

Exact fee mechanics are `TBD`.

### Is the token B20 or ERC-20?

The basket token is a B20 Asset token.

B20 has full ERC-20 selector parity, so wallets and apps handle it like an ERC-20.

Basket constituents can be either B20 or standard ERC-20 tokens.

### What if a token in a basket crashes?

The basket value falls with the value of its holdings.

Basket does not protect against market losses.

### What if a creator manages the basket badly?

A managed basket can underperform or take on poor exposure if the creator makes weak decisions.

That is why Basket treats fixed versus managed as a first-class disclosure.

### Is Basket audited?

Audit status is pending.

Do not assume an audit is complete until the audit page names the firm, scope, and published report.

{% hint style="warning" %}
Basket is not financial advice.

Baskets are not offered as regulated investment products.

Availability and treatment may vary by jurisdiction.

Legal specifics are `TBD` pending review.
{% endhint %}

***

### Short answers table

| Question              | Short answer                      |
| --------------------- | --------------------------------- |
| What is Basket?       | Creator-made index tokens on Base |
| Is it custodial?      | No                                |
| What backs the token? | Real pool-held assets             |
| Can I redeem anytime? | Yes, in the basket model          |
| Is it audited?        | Audit status is pending           |

<details>

<summary>What this FAQ is meant to do</summary>

This page is for quick answers.

Use the deeper product, technical, and risk pages when you need details rather than summaries.

</details>


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