Introducing BSTN — the Bastion Protocol Token

Introducing BSTN
  • 17k Unique Users on Testnet
  • Close to 10k Twitter Followers
  • Received maximum grant from NEAR/Aurora
  • First Aurora money market to integrate with Flux, the leading oracle provider on Aurora/NEAR
  • Partnerships with Ref Finance, DODO, Flux Protocol, Trisolaris, Vaporwave Finance, NEARNauts, and Anti-Social Ape Club
  1. Govern the development of the Bastion Protocol and vote on key parameters such as fee models, gauges, Protocol Owned Liquidity, and staking in a decentralized manner
  2. Align incentives between Bastion stakeholders (lenders, borrowers, ecosystem partners, team)

Token Distribution

BSTN Distribution

Why NEAR?

NEAR has the highest growth potential of any L1 right now. As the fastest, sharded Proof-of-Stake chain with superb DevX and infrastructure, NEAR has all the tools to become the next DeFi powerhouse.

The Aurora Thesis

We are on the brink of an explosion in Aurora DeFi.

  1. Aurora has 1s block-time (fast!), and one of the cheapest fees of any alt-EVM.
  2. Many DeFi projects were simply not possible until recently. Aurora’s Engine Upgrade released last week doubled the transaction size capacity… and there are still greater optimizations to come!
  3. Huge projects are currently integrating including: Curve, Ribbon, Chainlink, and Abracadabra.
  4. Introduction of a predictive fee market greatly improves transaction UX
  5. Large liquidity mining programs are coming to Aurora 👀

Chain-native protocols for the win

Each chain has their own native DeFi primitives. Bastion is focused on being the leading lending protocol of Aurora. Chain-native protocols have: a hungry team, with singular focus; a new token allowing ecosystem natives to get in early; deep, intangible relationships with other ecosystem native projects; and first-mover advantage.

Roadmap

With the backing of our community, we will continue to improve Bastion with an incredible roadmap including (in no particular order):

  • ​​📈 Analytics and historical reporting (e.g. historical APY) for lending markets
  • Isolated and permissionless markets
  • 1-click Zaps
  • Stableswap
  • Time-weighted Interest Rate Algorithm
  • Yield-bearing collateral (LP Tokens, stNEAR etc.)
  • Upgrading oracles to list long-tail assets
  • Integrations with other Aurora DeFi protocols
  • DeFi x NFTs 🤩

About Bastion

Bastion is a decentralized lending and borrowing protocol built on Aurora, NEAR’s EVM-compatible layer. Building on Aurora enables Bastion to create an autonomous interest-rate engine with superior capital efficiency, fast transactions, ultra-low transaction fees, precise liquidations, and harness the underlying UX benefits of NEAR.

General Disclaimer:

You understand that the $BSTN tokens have no intrinsic value and are solely tools of governance, and as such have no intrinsic potential for future appreciation in any form whatsoever. You further represent and warrant that you are an active user of blockchain technology and blockchain-based software systems and have the pre-requisite technical knowledge to understand what has been mentioned in this article and the risks that follow.

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Lending evolved.

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