Introduction to Bastion
Lending and Stableswap. This synergy allows Bastion to be liquidity foundation of Aurora.
Bastion is a Lending and Stableswap 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, low slippage swaps, fast transactions, ultra-low fees, precise liquidations, and harness the underlying UX benefits of NEAR.
Bastion innovates with features such as: Realms (hub-and-spoke isolated markets), interest rate swaps, increased receipt tokens utility and yield-on-yield, lockdrop IDO, single-sided staking, veBSTN (soon), gauges (soon), and boosters (soon).
Bastion represents a safe fortification of assets: our lockdrop code has been reviewed by top auditors. Please find the reports from Quantstamp (here) and Sentnl (here). We are constantly engaging in a long-term partnership with Halborn, a leading blockchain security firm, to optimize the security of the protocol (here).
Bastion inspires and leads ecosystem growth: if you are looking to build in the ecosystem, please contact us for help (read more). Aurora DeFi will be what we make it. It is up to us, the community and builders, to grow this ecosystem.
Bastion unlocks the ability to:
- Supply assets to earn interest
- Put assets up for collateral
- Borrow assets
- Leverage long (using borrow)
- Short assets (using borrow)
"The ultimate vision for Bastion is to be the liquidity hub of NEAR, where no asset lies unproductive and composable cTokens form the base of the ecosystem." - N^2, Cofounder of Bastion
The NEAR ecosystem has the highest growth potential of any L1. As the fastest sharded Layer-1 blockchain with super infrastructure and a seamless developer experience, NEAR has all the tools to become the next DeFi powerhouse.
Using NEAR's layer, Aurora, the simple UX is really similar to EVM blockchains. You can use Metamask, pay gas in Eth, bridge assets easily with Aurora's Rainbow Bridge, AND harness the underlying benefits of NEAR.
Bastion has 5 team members. Background of members are: data scientist at unicorn data analytics startup, MEV Searcher and AR software engineer, early employees at big Solana DeFi protocols, and previous founder of protocol that received grant from Terraform Labs. We've launched coins that have reached $1B market cap before and listed on Binance, Coinbase, FTX, Huobi, etc...
Your adventure with Aurora starts with Bastion.