Bastion Protocol Testnet Went Live
Bastion Protocol is an algorithmic, DeFi lending protocol on Aurora, NEAR’s gas-less EVM layer.
Bastion differentiates with a focus on composability, tokenomics, algorithmic risk optimization, and UX. Building on NEAR enables Bastion to have ultra-low transaction fees, greater capital efficiency, fast transactions and precise liquidations.
Currently, NEAR’s DeFi ecosystem mainly consists of AMMs. Bastion is bringing the next DeFi primitive to NEAR, allowing users to finally make their assets productive through lending, or achieving leverage through borrowing.
Alongside with the Testnet launch announcement made by Bastion on their Twitter, the platform also introduce Bastion OG NFT. More information will be publish soon by Bastion Protocol.
ABOUT Bastion Protocol
Bastion is an algorithmic, DeFi lending protocol on Aurora, NEAR’s gas-less EVM layer. The ultimate vision for Bastion is to be the liquidity hub of NEAR, where no asset lies unproductive and composable bTokens form the base of the ecosystem.
