diff --git a/proto/regen/ecocredit/v1alpha1/events.proto b/proto/regen/ecocredit/v1alpha1/events.proto
index 5b91581dcc..a680090b7d 100644
--- a/proto/regen/ecocredit/v1alpha1/events.proto
+++ b/proto/regen/ecocredit/v1alpha1/events.proto
@@ -42,16 +42,18 @@ message EventCreateBatch {
   string project_location = 7;
 }
 
-// EventReceive is an event emitted when credits are received either upon
-// creation of a new batch or upon transfer. Each batch_denom created or
-// transferred will result in a separate EventReceive for easy indexing.
+// EventReceive is an event emitted when credits are received either via
+// creation of a new batch, transfer of credits, or taking credits from a
+// basket. Each batch_denom created, transferred or taken from a basket will
+// result in a separate EventReceive for easy indexing.
 message EventReceive {
+
   // sender is the sender of the credits in the case that this event is the
   // result of a transfer. It will not be set when credits are received at
-  // initial issuance.
+  // initial issuance or taken from a basket.
   string sender = 1;
 
-  // recipient is the recipient of the credits
+  // recipient is the recipient of the credits.
   string recipient = 2;
 
   // batch_denom is the unique ID of credit batch.
@@ -62,6 +64,12 @@ message EventReceive {
 
   // retired_amount is the decimal number of retired credits received.
   string retired_amount = 5;
+
+  // basket_denom is the denom of the basket. when the basket_denom field is
+  // set, it indicates that this event was triggered by the transfer of credits
+  // from a basket. It will not be set if the credits were sent by a user, or by
+  // initial issuance.
+  string basket_denom = 6;
 }
 
 // EventRetire is an event emitted when credits are retired. When credits are
diff --git a/x/ecocredit/events.pb.go b/x/ecocredit/events.pb.go
index 5904872583..241b69448c 100644
--- a/x/ecocredit/events.pb.go
+++ b/x/ecocredit/events.pb.go
@@ -180,15 +180,16 @@ func (m *EventCreateBatch) GetProjectLocation() string {
 	return ""
 }
 
-// EventReceive is an event emitted when credits are received either upon
-// creation of a new batch or upon transfer. Each batch_denom created or
-// transferred will result in a separate EventReceive for easy indexing.
+// EventReceive is an event emitted when credits are received either via
+// creation of a new batch, transfer of credits, or taking credits from a
+// basket. Each batch_denom created, transferred or taken from a baset will
+// result in a separate EventReceive for easy indexing.
 type EventReceive struct {
 	// sender is the sender of the credits in the case that this event is the
 	// result of a transfer. It will not be set when credits are received at
-	// initial issuance.
+	// initial issuance or taken from a basket.
 	Sender string `protobuf:"bytes,1,opt,name=sender,proto3" json:"sender,omitempty"`
-	// recipient is the recipient of the credits
+	// recipient is the recipient of the credits.
 	Recipient string `protobuf:"bytes,2,opt,name=recipient,proto3" json:"recipient,omitempty"`
 	// batch_denom is the unique ID of credit batch.
 	BatchDenom string `protobuf:"bytes,3,opt,name=batch_denom,json=batchDenom,proto3" json:"batch_denom,omitempty"`
@@ -196,6 +197,10 @@ type EventReceive struct {
 	TradableAmount string `protobuf:"bytes,4,opt,name=tradable_amount,json=tradableAmount,proto3" json:"tradable_amount,omitempty"`
 	// retired_amount is the decimal number of retired credits received.
 	RetiredAmount string `protobuf:"bytes,5,opt,name=retired_amount,json=retiredAmount,proto3" json:"retired_amount,omitempty"`
+	// basket_denom is the denom of the basket. when the basket_denom field is set, it indicates that this event was
+	// triggered by the transfer of credits from a basket. It will not be set if the credits were sent by a user, or
+	// by initial issuance.
+	BasketDenom string `protobuf:"bytes,6,opt,name=basket_denom,json=basketDenom,proto3" json:"basket_denom,omitempty"`
 }
 
 func (m *EventReceive) Reset()         { *m = EventReceive{} }
@@ -266,6 +271,13 @@ func (m *EventReceive) GetRetiredAmount() string {
 	return ""
 }
 
+func (m *EventReceive) GetBasketDenom() string {
+	if m != nil {
+		return m.BasketDenom
+	}
+	return ""
+}
+
 // EventRetire is an event emitted when credits are retired. When credits are
 // retired from multiple batches in the same transaction, a separate event is
 // emitted for each batch_denom. This allows for easier indexing.
@@ -427,35 +439,36 @@ func init() {
 }
 
 var fileDescriptor_5b6a013b00aef3af = []byte{
-	// 448 bytes of a gzipped FileDescriptorProto
-	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x9c, 0x93, 0xc1, 0x6e, 0x13, 0x31,
-	0x10, 0x86, 0xb3, 0x94, 0x26, 0xcd, 0xa4, 0xb4, 0x95, 0x85, 0xd0, 0x82, 0x60, 0x81, 0x95, 0x2a,
-	0xe0, 0x40, 0x56, 0x11, 0x4f, 0x40, 0x53, 0x0e, 0x08, 0x4e, 0x3d, 0x72, 0x59, 0x39, 0xf6, 0x28,
-	0x31, 0x6c, 0xec, 0xc8, 0x3b, 0x09, 0x1c, 0x78, 0x08, 0x5e, 0x86, 0x77, 0xe0, 0xd8, 0x23, 0x47,
-	0x94, 0xdc, 0x79, 0x06, 0xb4, 0x63, 0x6f, 0xa2, 0x80, 0x84, 0x10, 0x37, 0xff, 0xdf, 0xfc, 0xb2,
-	0xff, 0x19, 0x6b, 0xe0, 0xdc, 0xe3, 0x14, 0x6d, 0x81, 0xca, 0x29, 0x8f, 0xda, 0x50, 0xb1, 0x1a,
-	0xc9, 0x6a, 0x31, 0x93, 0xa3, 0x02, 0x57, 0x68, 0xa9, 0x1e, 0x2e, 0xbc, 0x23, 0x27, 0x52, 0xb6,
-	0x0d, 0xb7, 0xb6, 0x61, 0x6b, 0xcb, 0xc7, 0x70, 0xf6, 0xaa, 0x71, 0x8e, 0x3d, 0x4a, 0xc2, 0x71,
-	0x25, 0xeb, 0x5a, 0xdc, 0x85, 0x23, 0xd5, 0x1c, 0x4a, 0xa3, 0xd3, 0xe4, 0x51, 0xf2, 0xb4, 0x7f,
-	0xd5, 0x63, 0xfd, 0x5a, 0x8b, 0xdb, 0x70, 0x28, 0xf5, 0xdc, 0xd8, 0xf4, 0x06, 0xf3, 0x20, 0xf2,
-	0x9f, 0xc9, 0xde, 0x2d, 0x17, 0x92, 0xd4, 0xec, 0x6f, 0xb7, 0x3c, 0x84, 0xc1, 0xa4, 0xf1, 0x94,
-	0x1a, 0xad, 0x9b, 0xc7, 0xbb, 0x80, 0xd1, 0x65, 0x43, 0xc4, 0x1d, 0xe8, 0x9a, 0xba, 0x5e, 0xa2,
-	0x4f, 0x0f, 0xb8, 0x16, 0x95, 0x78, 0x0c, 0xc7, 0xe4, 0x48, 0x56, 0xa5, 0x9c, 0xbb, 0xa5, 0xa5,
-	0xf4, 0x26, 0x57, 0x07, 0xcc, 0x5e, 0x32, 0x12, 0x0f, 0x00, 0x6a, 0x92, 0x9e, 0x4a, 0x2d, 0x09,
-	0xd3, 0x43, 0x36, 0xf4, 0x99, 0x5c, 0x4a, 0xc2, 0x26, 0x15, 0x5a, 0x1d, 0x8a, 0xdd, 0x90, 0x0a,
-	0xad, 0xe6, 0xd2, 0x33, 0x38, 0x5b, 0x78, 0xf7, 0x1e, 0x15, 0x95, 0x95, 0x53, 0x92, 0x8c, 0xb3,
-	0x69, 0x8f, 0x2d, 0xa7, 0x91, 0xbf, 0x8d, 0x38, 0xff, 0x9a, 0xc0, 0x31, 0x37, 0x7c, 0x85, 0x0a,
-	0xcd, 0x0a, 0x9b, 0xc0, 0x35, 0x5a, 0x8d, 0x3e, 0xb6, 0x1a, 0x95, 0xb8, 0x0f, 0x7d, 0x8f, 0xca,
-	0x2c, 0x0c, 0x5a, 0x8a, 0x7d, 0xee, 0xc0, 0xef, 0x73, 0x38, 0xf8, 0x63, 0x0e, 0x4f, 0xe0, 0x94,
-	0xbc, 0xd4, 0x72, 0x52, 0xe1, 0x7e, 0xcb, 0x27, 0x2d, 0x8e, 0x5d, 0x9f, 0xc3, 0x89, 0x47, 0x32,
-	0x1e, 0x75, 0xeb, 0x0b, 0x9d, 0xdf, 0x8a, 0x34, 0xd8, 0xf2, 0xcf, 0x30, 0x88, 0xb1, 0x1b, 0x2a,
-	0x52, 0xe8, 0x85, 0x7a, 0x1b, 0xbb, 0x95, 0xff, 0xf4, 0x43, 0xf1, 0xa1, 0xf8, 0x43, 0x41, 0x89,
-	0x7b, 0x70, 0xb4, 0x1d, 0x5e, 0x88, 0xba, 0xd5, 0xb9, 0x8e, 0xaf, 0x8f, 0xa5, 0x55, 0x58, 0x35,
-	0xb3, 0x51, 0x7c, 0xaa, 0xb6, 0xef, 0xef, 0xc0, 0x7f, 0x27, 0xb8, 0x78, 0xf3, 0x6d, 0x9d, 0x25,
-	0xd7, 0xeb, 0x2c, 0xf9, 0xb1, 0xce, 0x92, 0x2f, 0x9b, 0xac, 0x73, 0xbd, 0xc9, 0x3a, 0xdf, 0x37,
-	0x59, 0xe7, 0xdd, 0x68, 0x6a, 0x68, 0xb6, 0x9c, 0x0c, 0x95, 0x9b, 0x17, 0xbc, 0x10, 0xcf, 0x2d,
-	0xd2, 0x47, 0xe7, 0x3f, 0x44, 0x55, 0xa1, 0x9e, 0xa2, 0x2f, 0x3e, 0xed, 0xd6, 0x69, 0xd2, 0xe5,
-	0xfd, 0x79, 0xf1, 0x2b, 0x00, 0x00, 0xff, 0xff, 0x49, 0x35, 0x1f, 0x8e, 0x68, 0x03, 0x00, 0x00,
+	// 462 bytes of a gzipped FileDescriptorProto
+	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x9c, 0x93, 0xc1, 0x6e, 0xd3, 0x40,
+	0x10, 0x86, 0x63, 0x4a, 0x93, 0x66, 0x12, 0xda, 0xca, 0x42, 0xc8, 0x20, 0x30, 0xd4, 0x52, 0x05,
+	0x1c, 0x88, 0x15, 0xf1, 0x04, 0x34, 0xe5, 0x80, 0xe0, 0xd4, 0x23, 0x17, 0x6b, 0xbd, 0x3b, 0x4a,
+	0x96, 0x3a, 0xbb, 0xd1, 0x7a, 0x12, 0x38, 0xf0, 0x10, 0x3c, 0x16, 0xc7, 0x1e, 0x7b, 0x44, 0xc9,
+	0x9d, 0x67, 0x40, 0x9e, 0x5d, 0x27, 0x0a, 0x48, 0x08, 0x71, 0xf3, 0xff, 0xed, 0xef, 0x99, 0xf9,
+	0x67, 0xb5, 0x70, 0xee, 0x70, 0x8a, 0x26, 0x47, 0x69, 0xa5, 0x43, 0xa5, 0x29, 0x5f, 0x8d, 0x45,
+	0xb5, 0x98, 0x89, 0x71, 0x8e, 0x2b, 0x34, 0x54, 0x8f, 0x16, 0xce, 0x92, 0x8d, 0x13, 0xb6, 0x8d,
+	0xb6, 0xb6, 0x51, 0x6b, 0xcb, 0x26, 0x70, 0xfa, 0xb6, 0x71, 0x4e, 0x1c, 0x0a, 0xc2, 0x49, 0x25,
+	0xea, 0x3a, 0x7e, 0x08, 0x47, 0xb2, 0xf9, 0x28, 0xb4, 0x4a, 0xa2, 0x67, 0xd1, 0x8b, 0xfe, 0x55,
+	0x8f, 0xf5, 0x3b, 0x15, 0xdf, 0x87, 0x43, 0xa1, 0xe6, 0xda, 0x24, 0x77, 0x98, 0x7b, 0x91, 0xfd,
+	0x8c, 0xf6, 0xaa, 0x5c, 0x08, 0x92, 0xb3, 0xbf, 0x55, 0x79, 0x0a, 0x83, 0xb2, 0xf1, 0x14, 0x0a,
+	0x8d, 0x9d, 0x87, 0x5a, 0xc0, 0xe8, 0xb2, 0x21, 0xf1, 0x03, 0xe8, 0xea, 0xba, 0x5e, 0xa2, 0x4b,
+	0x0e, 0xf8, 0x2c, 0xa8, 0xf8, 0x0c, 0x86, 0x64, 0x49, 0x54, 0x85, 0x98, 0xdb, 0xa5, 0xa1, 0xe4,
+	0x2e, 0x9f, 0x0e, 0x98, 0xbd, 0x61, 0x14, 0x3f, 0x01, 0xa8, 0x49, 0x38, 0x2a, 0x94, 0x20, 0x4c,
+	0x0e, 0xd9, 0xd0, 0x67, 0x72, 0x29, 0x08, 0x9b, 0xa9, 0xd0, 0x28, 0x7f, 0xd8, 0xf5, 0x53, 0xa1,
+	0x51, 0x7c, 0xf4, 0x12, 0x4e, 0x17, 0xce, 0x7e, 0x42, 0x49, 0x45, 0x65, 0xa5, 0x20, 0x6d, 0x4d,
+	0xd2, 0x63, 0xcb, 0x49, 0xe0, 0x1f, 0x02, 0xce, 0x6e, 0x23, 0x18, 0x72, 0xe0, 0x2b, 0x94, 0xa8,
+	0x57, 0xd8, 0x0c, 0x5c, 0xa3, 0x51, 0xe8, 0x42, 0xd4, 0xa0, 0xe2, 0xc7, 0xd0, 0x77, 0x28, 0xf5,
+	0x42, 0xa3, 0xa1, 0x90, 0x73, 0x07, 0x7e, 0xdf, 0xc3, 0xc1, 0x1f, 0x7b, 0x78, 0x0e, 0x27, 0xe4,
+	0x84, 0x12, 0x65, 0x85, 0xfb, 0x91, 0x8f, 0x5b, 0x1c, 0x52, 0x9f, 0xc3, 0xb1, 0x43, 0xd2, 0x0e,
+	0x55, 0xeb, 0xf3, 0xc9, 0xef, 0x05, 0x1a, 0x6c, 0x67, 0x30, 0x2c, 0x45, 0x7d, 0x8d, 0x14, 0x3a,
+	0xfa, 0x0d, 0x0c, 0x3c, 0xe3, 0x96, 0xd9, 0x57, 0x18, 0x84, 0x64, 0xcd, 0x8f, 0x71, 0x02, 0x3d,
+	0x5f, 0xa2, 0x4d, 0xd6, 0xca, 0x7f, 0xba, 0xc4, 0x30, 0x4b, 0xb8, 0x44, 0xaf, 0xe2, 0x47, 0x70,
+	0xb4, 0xdd, 0xaf, 0x4f, 0xb3, 0xd5, 0x99, 0x0a, 0xdd, 0x27, 0xc2, 0x48, 0xac, 0x9a, 0xf5, 0x49,
+	0xfe, 0xaa, 0xb6, 0xfd, 0x77, 0xe0, 0xbf, 0x27, 0xb8, 0x78, 0xff, 0x7d, 0x9d, 0x46, 0x37, 0xeb,
+	0x34, 0xfa, 0xb1, 0x4e, 0xa3, 0x6f, 0x9b, 0xb4, 0x73, 0xb3, 0x49, 0x3b, 0xb7, 0x9b, 0xb4, 0xf3,
+	0x71, 0x3c, 0xd5, 0x34, 0x5b, 0x96, 0x23, 0x69, 0xe7, 0x39, 0xbf, 0x99, 0x57, 0x06, 0xe9, 0xb3,
+	0x75, 0xd7, 0x41, 0x55, 0xa8, 0xa6, 0xe8, 0xf2, 0x2f, 0xbb, 0x17, 0x57, 0x76, 0xf9, 0x89, 0xbd,
+	0xfe, 0x15, 0x00, 0x00, 0xff, 0xff, 0xa7, 0x69, 0xfc, 0x3b, 0x8b, 0x03, 0x00, 0x00,
 }
 
 func (m *EventCreateClass) Marshal() (dAtA []byte, err error) {
@@ -587,6 +600,13 @@ func (m *EventReceive) MarshalToSizedBuffer(dAtA []byte) (int, error) {
 	_ = i
 	var l int
 	_ = l
+	if len(m.BasketDenom) > 0 {
+		i -= len(m.BasketDenom)
+		copy(dAtA[i:], m.BasketDenom)
+		i = encodeVarintEvents(dAtA, i, uint64(len(m.BasketDenom)))
+		i--
+		dAtA[i] = 0x32
+	}
 	if len(m.RetiredAmount) > 0 {
 		i -= len(m.RetiredAmount)
 		copy(dAtA[i:], m.RetiredAmount)
@@ -811,6 +831,10 @@ func (m *EventReceive) Size() (n int) {
 	if l > 0 {
 		n += 1 + l + sovEvents(uint64(l))
 	}
+	l = len(m.BasketDenom)
+	if l > 0 {
+		n += 1 + l + sovEvents(uint64(l))
+	}
 	return n
 }
 
@@ -965,10 +989,7 @@ func (m *EventCreateClass) Unmarshal(dAtA []byte) error {
 			if err != nil {
 				return err
 			}
-			if skippy < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if (iNdEx + skippy) < 0 {
+			if (skippy < 0) || (iNdEx+skippy) < 0 {
 				return ErrInvalidLengthEvents
 			}
 			if (iNdEx + skippy) > l {
@@ -1242,10 +1263,7 @@ func (m *EventCreateBatch) Unmarshal(dAtA []byte) error {
 			if err != nil {
 				return err
 			}
-			if skippy < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if (iNdEx + skippy) < 0 {
+			if (skippy < 0) || (iNdEx+skippy) < 0 {
 				return ErrInvalidLengthEvents
 			}
 			if (iNdEx + skippy) > l {
@@ -1449,16 +1467,45 @@ func (m *EventReceive) Unmarshal(dAtA []byte) error {
 			}
 			m.RetiredAmount = string(dAtA[iNdEx:postIndex])
 			iNdEx = postIndex
+		case 6:
+			if wireType != 2 {
+				return fmt.Errorf("proto: wrong wireType = %d for field BasketDenom", wireType)
+			}
+			var stringLen uint64
+			for shift := uint(0); ; shift += 7 {
+				if shift >= 64 {
+					return ErrIntOverflowEvents
+				}
+				if iNdEx >= l {
+					return io.ErrUnexpectedEOF
+				}
+				b := dAtA[iNdEx]
+				iNdEx++
+				stringLen |= uint64(b&0x7F) << shift
+				if b < 0x80 {
+					break
+				}
+			}
+			intStringLen := int(stringLen)
+			if intStringLen < 0 {
+				return ErrInvalidLengthEvents
+			}
+			postIndex := iNdEx + intStringLen
+			if postIndex < 0 {
+				return ErrInvalidLengthEvents
+			}
+			if postIndex > l {
+				return io.ErrUnexpectedEOF
+			}
+			m.BasketDenom = string(dAtA[iNdEx:postIndex])
+			iNdEx = postIndex
 		default:
 			iNdEx = preIndex
 			skippy, err := skipEvents(dAtA[iNdEx:])
 			if err != nil {
 				return err
 			}
-			if skippy < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if (iNdEx + skippy) < 0 {
+			if (skippy < 0) || (iNdEx+skippy) < 0 {
 				return ErrInvalidLengthEvents
 			}
 			if (iNdEx + skippy) > l {
@@ -1636,10 +1683,7 @@ func (m *EventRetire) Unmarshal(dAtA []byte) error {
 			if err != nil {
 				return err
 			}
-			if skippy < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if (iNdEx + skippy) < 0 {
+			if (skippy < 0) || (iNdEx+skippy) < 0 {
 				return ErrInvalidLengthEvents
 			}
 			if (iNdEx + skippy) > l {
@@ -1785,10 +1829,7 @@ func (m *EventCancel) Unmarshal(dAtA []byte) error {
 			if err != nil {
 				return err
 			}
-			if skippy < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if (iNdEx + skippy) < 0 {
+			if (skippy < 0) || (iNdEx+skippy) < 0 {
 				return ErrInvalidLengthEvents
 			}
 			if (iNdEx + skippy) > l {
diff --git a/x/ecocredit/server/basket/take.go b/x/ecocredit/server/basket/take.go
index 68cfb8131e..53573ab106 100644
--- a/x/ecocredit/server/basket/take.go
+++ b/x/ecocredit/server/basket/take.go
@@ -95,6 +95,7 @@ func (k Keeper) Take(ctx context.Context, msg *baskettypes.MsgTake) (*baskettype
 				acct,
 				basketBalance.BatchDenom,
 				amountCreditsNeeded,
+				basket.BasketDenom,
 				retire,
 				msg.RetirementLocation,
 			)
@@ -125,6 +126,7 @@ func (k Keeper) Take(ctx context.Context, msg *baskettypes.MsgTake) (*baskettype
 				acct,
 				basketBalance.BatchDenom,
 				balance,
+				basket.BasketDenom,
 				retire,
 				msg.RetirementLocation,
 			)
@@ -160,7 +162,7 @@ func (k Keeper) Take(ctx context.Context, msg *baskettypes.MsgTake) (*baskettype
 	}, err
 }
 
-func (k Keeper) addCreditBalance(ctx context.Context, owner sdk.AccAddress, batchDenom string, amount math.Dec, retire bool, retirementLocation string) error {
+func (k Keeper) addCreditBalance(ctx context.Context, owner sdk.AccAddress, batchDenom string, amount math.Dec, basketDenom string, retire bool, retirementLocation string) error {
 	sdkCtx := types.UnwrapSDKContext(ctx)
 	store := sdkCtx.KVStore(k.storeKey)
 	if !retire {
@@ -173,6 +175,7 @@ func (k Keeper) addCreditBalance(ctx context.Context, owner sdk.AccAddress, batc
 			Recipient:      owner.String(),
 			BatchDenom:     batchDenom,
 			TradableAmount: amount.String(),
+			BasketDenom:    basketDenom,
 		})
 	} else {
 		err := ecocredit.AddAndSetDecimal(store, ecocredit.RetiredBalanceKey(owner, ecocredit.BatchDenomT(batchDenom)), amount)
@@ -194,6 +197,7 @@ func (k Keeper) addCreditBalance(ctx context.Context, owner sdk.AccAddress, batc
 			Recipient:     owner.String(),
 			BatchDenom:    batchDenom,
 			RetiredAmount: amount.String(),
+			BasketDenom:   basketDenom,
 		})
 		if err != nil {
 			return err