Bastion’s loan protocol has closed its $9 million Series A funding round led by Three Arrows Capital.

We’re excited to announce a $9 million Series A led by Three Arrows. @FTX_Official initiatives, @bounce_Jane Street, @SpartanGroup, @cmholdingsand @cryptocom

barn exchange. lending. Infinity Stones in place

Bastions, it’s time to build Aurora’s liquidity foundation 🗿 pic.twitter.com/hxI49GsjF5

— Bastion🗿 (@BastionProtocol) 21 April 2022

The round was joined by the venture division of the FTX crypto exchange, Jane Street, The Spartan Group, Crypto.com, and other investors.

The Bastion team announced the launch of leveraged farming, new listings, and plans to gamify DeFi with NFTs over the next few weeks.

5/ 📢 Many exciting features will be available in the next few weeks. These include leveraged yield farming, interest rate swaps, new asset listings, more Realm, cross-regional yield optimizers, and most importantly veBSTN. Bastion plans to gamify DeFi via fidelity-based NFTs

— Bastion🗿 (@BastionProtocol) 21 April 2022

Bastion is powered by Aurora, the second layer blockchain platform of the NEAR network. According to the developers, since March, the amount of funds blocked in the protocol has reached $ 620 million. Defi Llama service gives a lower figure – about $ 472 million.

“With the upcoming launch [алгоритмического стейблкоина] USN Bastion will be strategically positioned as a core DeFi lego driving adoption of NEAR’s own stablecoin initiative.” says In a statement.

Earlier in April, one of the users found a mention of USN in the interface of the Ref Finance protocol, and the NEAR Blockchain Twitter account posted a tweet with the name stablecoin. Against this background, the project’s native token grew by 22.7%.

Recall that at the end of March, the Bastion team announced that an undisclosed amount had been collected as part of the seed funding round. Jane Street was led by the ParaFi Foundation with contributions from Digital Currency Group, Crypto.com, CMS and Manifold Trading.