Basis points
bpsbp
One-hundredth of a percentage point (0.01%) — the standard unit for quoting yield differences and fees.
50bps = 0.5%. 100bps = 1%. Precise to the nearest 0.01% by definition. Standard usage everywhere from rate spreads ("USDC supply rate at 425bps over base") to slippage ("0.05% slippage = 5bps").