What is Burrow?

Burrow is a decentralized, non-custodial, pool-based interest rate market protocol built on NEAR and has the highest TVL on this chain that allows users to supply assets and earn passive interest, and borrow against them to utilize liquidity. Users are also able to deposit a token as collateral and then borrow another one to create a leveraged position. In general, it is similar to other pool-based protocols such as Aave and Compound. The smart contracts of Burrow are written In Rust and run natively on the NEAR blockchain.

Welcome to the Burrow Protocol Dashboard

Explore and analyze the dynamics of the Burrow protocol, the leading Total Value Locked (TVL) protocol on the NEAR chain. This dashboard is designed to offer insights into the usage, performance, and trends of the Burrow protocol, empowering you to make well-informed decisions.

Utilize the 'Date_Trunc' field on this dashboard to tailor the time intervals displayed in over-time charts according to your preferences. By default, the time interval is set to monthly.

$BRRR Token

The Burrow protocol has a native token named BRRR that allows holders to benefit from boosted APY by staking it. Stakeholders will receive xBRRR tokens in exchange that enables extra rewards of more than two to four times the rewards they would have earned without it. They are also able to partake in *DAO governance* through token-weighted voting.

What is Decentralized Lending and Borrowing?

Decentralized lending and borrowing is a financial system that operates on a decentralized blockchain network, such as Ethereum or NEAR, where individuals can lend and borrow digital assets without the need for a traditional financial intermediary, like a bank.

In this system, borrowers can offer digital assets as collateral to receive a loan in another digital asset, while lenders can earn interest on the loans they provide. These loans are facilitated by smart contracts, which are self-executing computer programs that automate the lending and borrowing process and eliminate the need for intermediaries.

Decentralized lending and borrowing platforms, also known as decentralized finance (DeFi) protocols, have gained popularity in recent years due to their ability to provide users with access to financial services in a permissionless and trustless environment. This means that anyone with an internet connection and digital assets can participate in lending and borrowing activities, without relying on traditional financial institutions or intermediaries.

What is NEAR Protocol?

NEAR Protocol is a decentralized blockchain platform designed to provide scalable, secure, and developer-friendly infrastructure for building decentralized applications (dApps). NEAR Protocol aims to address the limitations of existing blockchain platforms by offering a unique approach to consensus, sharding, and developer experience.

NEAR Protocol is built using a unique consensus mechanism called Nightshade, which enables the network to process up to 100,000 transactions per second (TPS) with low fees and fast confirmation times. The protocol also uses sharding to scale horizontally, allowing the network to handle an increasing number of transactions without sacrificing security or decentralization.

One of the key features of NEAR Protocol is its developer-friendly architecture, which provides an intuitive and easy-to-use framework for building dApps. Developers can use familiar programming languages, such as Rust and AssemblyScript, to write smart contracts and build decentralized applications on the NEAR platform.

NEAR Protocol has been adopted by a growing number of dApps, including Burrow. The platform also has a strong ecosystem of developers, validators, and community members who are working together to build the future of decentralized applications.