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]]."'' | ||
==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 71: | Line 73: | ||
===Pros=== | ===Pros=== | ||
===Cons=== | ===Cons=== | ||
* Had investment from [[Three Arrows Capital (3AC)|3AC]] and [[FTX (FTT)|Alameda Research]]/FTX, which [https://twitter.com/Edvis100/status/1591106606716313600 came out] (11-11-2022) during the FTX crash. This could mean fall-out risk. | |||
==Team, Funding and Partners== | ==Team, Funding and Partners== | ||
===Team=== | ===Team=== | ||
*Full team can be found [here]. | *Full team can be found [here]. | ||
===Funding=== | ===Funding=== | ||
* [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]]"'' | |||
===Partners=== | ===Partners=== | ||
Latest revision as of 05:55, 31 January 2023
An autonomous lending protocol built on the Aurora network.
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- From their announcement (21-4-2022):
"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
- From their announcement (21-4-2022):
"BSTN is a stake-able governance token, with additional utility coming SOON:
- veBSTN, bribes, and gauges for Stableswap and Lending
- BSTN Boosted Rewards
- Protocol-Owned Liquidity... (3, 3) bonds?
- Borrow and Lending for BSTN
- Borrow fee rebates"
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Aurora
How it works
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
- From Figment (4-2022):
"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
- Had investment from 3AC and Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk.
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
- From Figment (4-2022):
"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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