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Bastion

Bastion

Bastion is a decentralized lending and stableswap protocol built on Aurora, NEAR's EVM-compatible layer.

Introduction to 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)
Why NEAR/Aurora?

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!

Timeline

April 21, 2022
BSTN Token Launch - Bastion Protocol - Medium
April 4, 2022
Introducing Bastion Stableswap - Bastion Protocol - Medium
March 8, 2022
Pre-Mining on Bastion Protocol
February 9, 2022
Testnet Live - Bastion Protocol - Medium

Bastion’s Testnet is live! We are an autonomous lending/borrowing machine on Aurora. Currently, Aurora’s DeFi ecosystem consists only of AMMs and yield optimizers. Bastion is bringing the next DeFi primitive to NEAR.

The first utility for our OG NFTs will be exclusive first access to our Testnet. We will be airdropping NFTs to OGs over the next few days, so be sure to check the #ogonly channel on Discord. If you are already in this channel, we will be sending a secret Testnet link today!

Trust us you do not want to miss out. We compiled a thread of partner giveaways here, including Ref Finance, Flux Protocol, and Vaporwave Finance.

As a key DeFi lego, money markets unlock powerful applications like: yield farming, margin trading, and shorting. We’re extremely grateful for our early supporters, and will continue to execute for you all. WAGMI ❤

For more information on Bastion Protocol: https://bastionprotocol.medium.com/introducing-bastion-lending-on-aurora-near-c40cda4bf1a0

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Bastion is live on Aurora Mainnet - Bastion Protocol - Medium

Bastion Protocol

Web

March 7, 2022

Bastion Lockdrop Tutorial

Web

March 21, 2022

Introducing Bastion Stableswap - Bastion Protocol - Medium

Bastion Protocol

Web

April 4, 2022

Introducing Bastion: Lending on Aurora/NEAR | Medium

Bastion Protocol

Web

January 26, 2022

Pre-Mining Tutorial on Bastion Protocol

Web

March 8, 2022

References

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