Bastion

Bastion is a decentralized lending and borrowing protocol which algorithmically sets interest rates based on supply and demand. The protocol is based on Compound and is built on Aurora, NEAR's EVM-compatible layer.

Access the app at: https://bastionprotocol.com/

Bastion unlocks the ability to:

• Supply assets to earn interest
• Put assets up for collateral
• Borrow assets
• Leverage long (using borrow)
• Short assets (using borrow)

We firmly believe this ecosystem has the highest growth potential of any L1. As the fastest sharded Layer-1 blockchain with super infrastructure and a seamless developer experience, NEAR has all the tools to become the next DeFi powerhouse.

The ultimate vision for Bastion is to be the liquidity hub of NEAR, where no asset lies unproductive and composable cTokens form the base of the ecosystem.

Lending and borrowing is a core primitive in any DeFi ecosystem. Building on Aurora enables Bastion to create an autonomous interest-rate engine with greater capital efficiency, fast transactions, ultra-low transaction fees, precise liquidations, and harness the underlying UX benefits of NEAR.

Bastion is live on Aurora Mainnet!