What’s special about Bastion?
Lending and borrowing are at the core of any DeFi ecosystem. Building on Aurora allows Bastion to trade quickly, with extremely low fees, good liquidity, maximize leverage through borrowing, and exploit the basic UX benefits of NEAR.
Lending protocols need a data feed directly in smart contracts to calculate the correct interest and liquidation algorithms, so Oracles are an essential component of Lending. Therefore, Bastion chose to cooperate with Flux.
Protocol (the first Oracle solution on Aurora) for accurate data feeds. And Bastion is also the first Lending protocol to cooperate with Flux.
Aurora’s #1 liquidity platform has hit $1B TVL. This number has almost doubled in just a few days
What ability does Bastion have?
- Provide assets to earn interest
- Put property up for a mortgage
- Property loan
- Financial leverage: Long – Short
Roadmap
Time-based Rewards: A mechanism for long-term capital adjustment
Boosters: Paying rewards increases 2-3 times
Market analysis and reporting
Isolated and permissionless market
KPI Options
On-chain Administration
1-click Zaps
Time-weighted Interest Rate Algorithm
Yield-bearing collateral (LP Tokens, stNEAR, etc.)
Upgrade oracles to list properties
Marketplace to bid on liquidations
Integration with other DeFi protocols on Aurora
DeFi x NFTs
Detailed information about the token BSTN
- Token Name: Bastion
- Ticker: BSTN
- Blockchain: Aurora
- Token Standard: ERC20
- Contract: 0x9f1f933c660a1dc856f0e0fe058435879c5ccef0
- Token Type: Governance Token (Governance)
- Total supply : 5,000,000,000 BSTN
Tokenomic
- Liquidity Mining: 30%
- Treasury: 30%
- Team and Advisors: 25%
- Investors: 15%
![Bastion Protocol (BSTN) – DEFI HUB on AURORA 2 507](https://holdingb.com/wp-content/uploads/2022/05/507-1024x623.png)
Note: the $BSTN token has no intrinsic value and is only a tool of governance, and therefore has no intrinsic potential for future price appreciation of any kind.
Project team:
Incognito
Investors & partners
Bastion received a $2M investment from Promixy Labs. This amount will be distributed in the form of liquidity mining rewards in the form of NEAR and AURORA tokens.
Bastion announces $9M Series A led by Three Arrows
In addition, the project ended the seed round with ParaFi Capital led, with participation from Jane Street, Digital Currency Group, Crypto.Com, CMS, and Manifold Trading.
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