BSTN was launched at the end of April and much has happened since, both in the Aurora ecosystem and the greater market conditions for cryptocurrency. We would like to update the community on progress for the protocol, along with how Bastion is positioned for the future. TLDR UST Depegging caused plans…

Global, live statistics for users and protocol health Monitoring live data is vital to making user decisions and maintaining protocol health. Users can now view important statistics in-app such as specific interest rate models, reserves, and exchange rates. Click here for the Dashboard. We will continue updating the dashboard with…

$USN is the native stablecoin of NEAR, offering uncapped yield with a minimum 11% APY. $USN is backstopped by an overcollateralized reserve, and the growth of $NEAR fuels a built-in flywheel. $USN is not a copy of $UST, nor should it be viewed as a competitor. The paradigm-shift towards decentralized…

Bastion is pleased to partner with MetaPool, the creators of liquid staking derivative $stNEAR, to offer $META rewards for users. Bastion’s Hub-and-Spoke Isolated Realms design allows us to support exotic strategies and higher LTV ratios on assets, while containing risk within compartmentalized Realms. Multichain Realm The Multichain Realm currently contains stNEAR and…

Details Liquidity mining has begun across all of Bastion’s Realms. Staking is live. LP Dual Rewards Farming on Trisolaris will commence in a few hours. 85,000,000 BSTN (1.7% of total supply) will be released in the first month, and decreasing thereafter. Pools and BSTN staking will be boosted with between $1,000,000…

Current State of Liquidity for DAOs DAOs today struggle with maintaining liquidity for their governance tokens. Many DAOs turn to liquidity mining to incentivize deposits to decentralized exchanges (DEXs), but handing away tokens from the treasury is an unsustainable solution. This shrinks treasuries and puts governance tokens into the hands of strictly profit-motivated people who are…

Three Arrows Capital, FTX Ventures, Jump Crypto, Jane Street, Spartan Group, and Crypto.com Capital invested among others — We are excited to announce our $9M Series A led by Three Arrows, with participation from FTX Ventures, Jump Crypto, Jane Street, Spartan Group, CMS, and Crypto.com Capital. Other investors include: Hypersphere; Alex Shevchenko, CEO of Aurora; Ryan Selkis, CEO of Messari; Move Capital; Puzzle Ventures; Maven Capital; Big Brain…

What is Bastion? Bastion strives to be the liquidity foundation of Aurora, stacking yields with both Stableswap and Lending. Since launching 1.5 months ago, Bastion has accumulated $620mm TVL and encompasses most of the stablecoin liquidity in the NEAR/Aurora ecosystem. With the upcoming launch of $USN, Bastion will be strategically positioned as a…