#Flashswap Archives - Smart Liquidity Research https://smartliquidity.info/tag/flashswap/ Crypto News & Data Space Sat, 22 Oct 2022 11:09:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://smartliquidity.info/wp-content/uploads/2021/03/cropped-512-1-1-32x32.png #Flashswap Archives - Smart Liquidity Research https://smartliquidity.info/tag/flashswap/ 32 32 Bastion Protocol Launches Flashswap https://smartliquidity.info/2022/10/22/bastion-protocol-launches-flashswap/ Sat, 22 Oct 2022 11:09:55 +0000 https://smartliquidity.info/?p=81269 Bastion Protocol Launches Flashswap, an open-sourced, performant, liquidation bot enabling capital liquidations on lending protocols. This move aligns strongly with one of Bastion’s major missions: to democratize access to all parts of the decentralized finance stack. Bastion Protocol Launches Flashswap Many lending protocols gate their liquidators to first-parties only. Bastion was already open to third […]

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]]> Bastion Protocol Launches Flashswap, an open-sourced, performant, liquidation bot enabling capital liquidations on lending protocols.

This move aligns strongly with one of Bastion’s major missions: to democratize access to all parts of the decentralized finance stack.

Bastion Protocol Launches Flashswap

Many lending protocols gate their liquidators to first-parties only. Bastion was already open to third party liquidators to ensure decentralization and security during volatile times. Today, they share a custom implementation of Flashswap which requires zero capital to run such that even the average user can run a liquidation bot on the platform themselves. This implementation identifies potential liquidatable positions and sources liquidity from local decentralized exchanges such as Trisolaris to perform safe liquidations without requiring capital.

About Bastion

Bastion is a Lending and Stableswap protocol built on Aurora, NEAR’s EVM-compatible layer. The project innovates with novel features such as: isolated markets, interest rate swaps, increased receipt token utility, veTokens, gauges, and boosters. 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: lockdrop code has been reviewed by top auditors. Please find the reports from Quantstamp (here) and Sentnl (here). They are constantly engaging in a long-term partnership with Halborn. It’s 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).
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)

Website | Twitter 

SOURCE:

https://bastionprotocol.medium.com/flashswap-liquidation-bot-be4062d2b228

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