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Aurora-based DeFi protocol Bastion raises $9 million

Bastion, currently the biggest DeFi protocol on the Aurora blockchain — a subnet of the NEAR blockchain — raised $9 million in a Series A funding round as it plans to expand. Three Arrows Capital led the round, with FTX Ventures, Jump Crypto, Jane Street, CMS Holdings, Crypto.com Capital and others participating. Bastion was launched last month by pseudonymous founder “N^2” aka “Near Squared.” The protocol offers a lending and stableswap platform on Aurora — an Ethereum-compatible scaling network created by …