Bastion Protocol Staking

Once you have staked your BSTN, there are things you need to consider going forward:

• Rewards are not automatically compounded, you will need to claim and restake your BSTN to compound your stake.

Whilst we want to ensure staking is as safe and transparent as possible, there are still things to consider regarding whether a specific staking option is right for you:

Slashing risk: There is no slashing risk involved when staking BSTN tokens.

Unbonding risk: There is no unbonding period involved when unstaking BSTN tokens.

Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs. This not only applies to staking but your BSTN investment in general.

Please note that this is not an exhaustive list of all the risks related to staking.

BSTN is the native governance token of the Bastion Protocol that is used to carry out the key functions of the platform as detailed below:

Token Utilities:

• Staking: Users can temporarily lock up BSTN, in return for the service, stakers are rewarded with staking rewards for their contribution. 
• Provide Liquidity: BSTN/NEAR LP farm on Trisolaris for BSTN and TRI dual rewards.
• Governance: BSTN  is used to vote on governance proposals on the network. Only staked tokens are eligible to be used for governance voting. The amount of voting power is measured in terms of stake.

The supply of BSTN is capped at 5 billion tokens.

Initial Distribution Breakdown 

• 30% (1.5 Billion) – Liquidity mining 
• 30% (1.5 Billion) – Treasury
• 25% (1.25 Billion) – Team and advisors
• 15% (750 Million) – Investors

To earn a yield on your BSTN, you can either lend them out to custodial providers or via a Defi lending protocol, supply liquidity on the Bastion Protocol or stake your tokens on the platform.

To stake your tokens, you should ensure you have your BSTN tokens are on your NEAR wallet and follow the steps below:

Step 1: Go to the Bastion Staking Portal.

Step 2: Input the amount to stake.

Step 3: Click on ‘Approve’ and confirm the transaction in your wallet.