TechFlow news, Bastion, a DeFi protocol built on Aurora (a subnet of the NEAR blockchain), has raised $9 million in Series A funding led by Three Arrows Capital, with participation from FTX Ventures, Jump Crypto, Jane Street, CMS Holdings, Crypto.com Capital, among others.
According to data from DeFi Llama, just over a month after launch, Bastion has become the largest DeFi protocol on Aurora, with total value locked exceeding $600 million.
N^2, founder of Bastion, said the new funding will be used to further expand its ecosystem. To achieve this, the project plans to hire personnel for marketing and business development roles. The company currently has five employees.
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