DeFi Project Bastion Raises $9M From Three Arrows Capital And FTX

5/ 📢 Many exciting features will be rolled out over the next few wks. These include leveraged yield farming, interest rate swaps, new asset listings, more Realms, inter-realm yield-optimizers, and most importantly, veBSTN. Bastion plans to gamify DeFi through loyalty-based NFTs

— Bastion🗿 (@BastionProtocol) April 21, 2022

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

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

5/ 📢 Many exciting features will be rolled out over the next few wks. These include leveraged yield farming, interest rate swaps, new asset listings, more Realms, inter-realm yield-optimizers, and most importantly, veBSTN. Bastion plans to gamify DeFi through loyalty-based NFTs

— Bastion🗿 (@BastionProtocol) April 21, 2022

Bastion is powered by Aurora, a second-tier blockchain platform NEAR networks. According to the developers, since the launch in March, the volume of funds blocked in the protocol has reached $620 million. Defi Llama gives an indicator less – about $472 million.

“With the upcoming launch USN Bastion will be strategically positioned as a fundamental DeFi lego, driving adoption of NEAR’s own stablecoin initiative.” says in a statement.

In early 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 of the stablecoin. Against this background, the project’s native token increased by 22.7%.

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Recall that at the end of March, the Bastion team claimed to have collected an undisclosed amount under the seed round of funding. It was led by the ParaFi Foundation with contributions from Jane Street, Digital Currency Group, Crypto.com, CMS and Manifold Trading.