Bastion Protocol (BSTN)
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."
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
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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