Bastion Protocol Raises Seed Round Led by ParaFi Capital

Bastion Protocol seed funding round was led by ParaFi Capital, with participation from Jane Street, Digital Currency Group, Crypto.com, CMS, and Manifold Trading.

Angels investors 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; John Wang; 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.

its investors strongly align with Bastion Protocol;s mission: bringing innovations to DeFi lending and growing the Aurora ecosystem.

The funding will be used to build out the dream team. Bastion Protocol 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.

ABOUT Bastion Protocol
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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RESOURCES
Medium

Source: https://thebittimes.com/bastion-protocol-raises-seed-round-led-by-parafi-capital-tbt14105.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com