Difference between revisions of "Bastion Protocol (BSTN)"

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''"[[Flux Protocol|Flux]] [http://e.figment.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 announced] a partnership with Bastion Protocol. Through this integration, Flux will provide Bastion Protocol with [[oracle]] price feeds, making it easier to use Bastion for lending and borrowing [[tokens]]."''
''"[[Flux Protocol|Flux]] [http://e.figment.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 announced] a partnership with Bastion Protocol. Through this integration, Flux will provide Bastion Protocol with [[oracle]] price feeds, making it easier to use Bastion for lending and borrowing [[tokens]]."''
==Privacy Method==
==Compliance==
==Their Other Projects==
==Their Other Projects==
==Roadmap==
==Roadmap==
*Can be found [Insert [[LINK|link]] here].
*Can be found [Insert [[LINK|link]] here].
==Usage==
==Usage==
* From a commissioned [[Messari]] [https://messari.io/report/state-of-near-q4-2022 report] (30-1-2023):
''"The second-largest protocol [within the [[NEAR (NEAR)|NEAR]] ecosystem] by [[Total Value Locked (TVL)|TVL]] is Bastion. Bastion, which lives on Aurora, is a lending and stableswap protocol. Bastion uses a cToken model, similar to [[Compound (COMP)|Compound]], and ended Q4 with $45 million in TVL."''
===Projects that use or built on it===
===Projects that use or built on it===
==Competition==
==Competition==
Line 78: Line 80:
*Full team can be found [here].
*Full team can be found [here].
===Funding===
===Funding===
Same day as the token got announced, they also announced (21-4-2022):
 
* [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 Turned out] (8-12-2022) to have sold $500k worth of tokens to FTX.
* Same day as the token got announced, they also announced (21-4-2022):


''"a $9M Series A led by [[Three Arrows Capital|Three Arrows]], alongside @[[FTX (FTT)|FTX_Official Ventures]], @[[Jump Trading|jump_]], [[Jane Street]], @[[Spartan Group|TheSpartanGroup]], @[[CMS Holdings|cmsholdings]], and @[[Crypto.com / Cronos (CRO)|cryptocom]]"''
''"a $9M Series A led by [[Three Arrows Capital|Three Arrows]], alongside @[[FTX (FTT)|FTX_Official Ventures]], @[[Jump Trading|jump_]], [[Jane Street]], @[[Spartan Group|TheSpartanGroup]], @[[CMS Holdings|cmsholdings]], and @[[Crypto.com / Cronos (CRO)|cryptocom]]"''

Latest revision as of 05:55, 31 January 2023

An autonomous lending protocol built on the Aurora network.

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

"The initial circulating supply is ~12.6%, consisting of: 8% from Lockdrop Phase I, 3% from Lockdrop Phase II 1% from Pre-mine Epoch I (before Lockdrop Phase I) 0.1% from Pre-mine Epoch II (after Lockdrop Phase I) 0.5% to seed the BSTN/NEAR pool on Trisolaris"

Utility

"BSTN is a stake-able governance token, with additional utility coming SOON:

  1. veBSTN, bribes, and gauges for Stableswap and Lending
  2. BSTN Boosted Rewards
  3. Protocol-Owned Liquidity... (3, 3) bonds?
  4. Borrow and Lending for BSTN
  5. Borrow fee rebates"

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

"Flux announced a partnership with Bastion Protocol. Through this integration, Flux will provide Bastion Protocol with oracle price feeds, making it easier to use Bastion for lending and borrowing tokens."

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

"The second-largest protocol [within the NEAR ecosystem] by TVL is Bastion. Bastion, which lives on Aurora, is a lending and stableswap protocol. Bastion uses a cToken model, similar to Compound, and ended Q4 with $45 million in TVL."

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

  • Turned out (8-12-2022) to have sold $500k worth of tokens to FTX.
  • Same day as the token got announced, they also announced (21-4-2022):

"a $9M Series A led by Three Arrows, alongside @FTX_Official Ventures, @jump_, Jane Street, @TheSpartanGroup, @cmsholdings, and @cryptocom"

Partners

"Flux announced a partnership with Bastion Protocol. Through this integration, Flux will provide Bastion Protocol with oracle price feeds, making it easier to use Bastion for lending and borrowing tokens."

(:

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