Bastion Protocol Raises Round Led by ParaFi Capital

NEAR Protocol
Published in
2 min readMar 23, 2022



We are excited to announce our round led by ParaFi Capital, with participation from Jane Street, Digital Currency Group,, CMS, and Manifold Trading.

Our conviction has never been stronger in delivering you Bastions the most powerful and innovative lending protocol on Aurora.

Angels include: Illia Polosukhin, Founder of NEAR; 0xMaki; Darren Lau; 0xRooter, Founder of Solend; Jeffrey Kuan, Head of Business Development at Terraform Labs; Nick Chong; 0xSami, Founder of Redacted Cartel; Peter Mitchell and Jasper De Gooijer, Cofounders of Flux Protocol; Matt Lockyer; 0xSisyphus; Statelayer; Ayush Menon; Tristan Frizza; and Fomosaurus.

Bastion has seen explosive growth, reaching $200 million in Total Value Locked within just 24 hours of launch. We plan to bring innovative tokenomics to DeFi Lending, including isolated pools, veTokens, time-based rewards, and leveraged yield-farming.

Our investors strongly align with our mission: bringing innovations to DeFi lending and growing the Aurora ecosystem.

With Bastion’s lockdrop ending in less than 24 hours, what’s coming over the next few weeks?

  • veTokenomics and Boosters
  • Leveraged Yield Farming with Trisolaris LP Token Realm
  • Time-based Rewards
  • Two DEX Liquidity Partnerships
  • Protocol Owned Liquidity and (3, 3) BSTN Bonding
  • Multichain.
  • NFTFi

The funding will be used to build out the dream team. We are hiring all devs, a BD lead, and Community Lead. The opportunity to be the first employee of one of the most important DeFi primitives on Aurora is still open. Email your resume to For more info, visit

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.

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