Bastion Protocol (BSTN)

From CryptoWiki

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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