# Bastion Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bastion-protocol

- Industry: Financial Services
- Headquarters: US
- Website: www.bastionprotocol.com/
- Total disclosed funding: $9M
- Latest round: Series A (Mar 23, 2022)
- Investors on record: 9

## About

Based in the US, and founded in 2022, Bastion Protocol offers a blockchain lending platform. In April 2022, Bastion Protocol raised USD 9 million in series A led by new investor ParaFi Capital, along with investors Three Arrows Capital, FTX Ventures, Jump Crypto, Jane Street, Crypto.com Capital, Spartan Group, CMS, and Hypersphere.

Bastion Protocol develops a decentralized platform for lending and borrowing decentralized tokens. The company develops a protocol that algorithmically sets interest rates based on supply and demand. It enables users to supply assets to earn interest, put assets up for collateral, borrow assets, etc.

The company plans to will use the funding to hire employees and further develop DeFi Lending by including features such as isolated pools, veTokens, time-based rewards, and leveraged yield-farming.

## Funding rounds

- Series A, Mar 23, 2022, $9M — CMS, Three Arrows Capital, Hypersphere Ventures, Jane Street Capital, Crypto.com Capital, Jump Crypto, FTX Ventures, Spartan Group, ParaFi Capital

## Investors

- CMS — Series A
- Three Arrows Capital — Series A
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Series A
- Jane Street Capital — Series A
- Crypto.com Capital (https://capitalatlas.ai/funds/crypto-com-capital) — Series A
- Jump Crypto — Series A
- FTX Ventures (https://capitalatlas.ai/funds/ftx-ventures) — Series A
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A