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    $BRRR Staking on Burrow Finance

    hexagon

    Flipside AI

    The Near Protocol Burrow lending platform shows significant volatility, with total staked value at $105.8M and monthly transactions plummeting from 1,871 in Q2 2022 to just 3 in early 2024. User engagement is concentrated in small-volume staking, with 1,381 users staking less than $100 and only 472 users staking over $5,000. Despite the decline, the platform experienced a notable 1,300% volume surge to $720K in July 2023, and users show a preference for short-term (1-month, 946 users) and medium-long-term (7-12 months, 935 users) staking durations.

    $BRRR Staking Metrics
    User Behaviour
    BRRR Staking

    Take their BRRR tokens and receive xBRRR tokens. Users can decide how long to stake their BRRR tokens and will receive more xBRRR the longer they stake.

    Currently, Burrow only supports a maximum lockup period of 3 months. Users can stake for 1, 2, or 3 months.

    The analysis below examines the staking of $BRRR on Burrow Finance and the behavior of stakers staking their tokens.

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    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.