View source for Bastion Protocol (BSTN)

An autonomous lending protocol built on the [[Aurora (EVM on NEAR)|Aurora]] network.

==Basics==
*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release:
==History==
==Audits & Exploits==
*[[bug bounty|Bug bounty]] program can be found [insert here].
===Bugs/Exploits===
==Governance==
===Admin Keys===
===DAO===
===Treasury===
==Token==
===Launch===

* [[Token]] [https://twitter.com/bastionprotocol/status/1516970292467298305 launched] on 21-4-2022.

===Token Allocation===

* From their [https://twitter.com/bastionprotocol/status/1516970292467298305 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 (TRI)|Trisolaris]]"''

===Utility===

* From their [https://twitter.com/bastionprotocol/status/1516970292467298305 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 (EVM on NEAR)|Aurora]]
===How it works===
===Fees===
===Upgrades===
===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==

* From [[Figment Networks|Figment]] (4-2022):

''"[[Flux Protocol|Flux]] [http://e.figment.io/e/c/eyJlbWFpbF9pZCI6IlJKZVVCZ01BQVhfaW92VEFWcVBHV2NXY052OHhpdz09IiwiaHJlZiI6Imh0dHA6Ly9lLmZpZ21lbnQuaW8vZS9jL2V5SmxiV0ZwYkY5cFpDSTZJbEpLWlZWQ1owMUJRVmc1VFVGUFR6aHZURmRhYXpGUFdWVTNNR00wZHowOUlpd2lhSEpsWmlJNkltaDBkSEJ6T2k4dmRIZHBkSFJsY2k1amIyMHZabXgxZUhCeWIzUnZZMjlzTDNOMFlYUjFjeTh4TkRrNE56SXhOVFkwTURFNU16TXhNRGd4SWl3aWFXNTBaWEp1WVd3aU9pSTVOemswTURZd01EazJNR1E1TnpCa0lpd2liR2x1YTE5cFpDSTZORFl3T1gwLzRjZDY3YjRkYjU2NWQ4OWQ0MTk0YTlkZDVmZWU3MjVmMTFlYWM5NjJlMGY3YzM3NTcwNzNlY2JmMGQ5ZjA0NTAiLCJpbnRlcm5hbCI6Ijk3OTQwNjAwY2EwOWNiMDkiLCJsaW5rX2lkIjo0Njc0fQ/220fcf328fda41433ac41f062990946c0d6a9f662a93b3ca9735eb7dde5e0ec3 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|link]] here].
==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===
==Competition==
==Pros and Cons==
===Pros===
===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===
*Full team can be found [here].
===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===

* From [[Figment Networks|Figment]] (4-2022):

''"[[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."''

==(:==
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