Burrow is a non-custodial liquidity pool platform operating as a decentralized money market built on the NEAR protocol. It allows users to supply and borrow assets for trading and supports deposits of NEAR, DAI, USDT, USDC, ETH and wBTC, plus wrapped staking assets such as stNEAR, stETH, stSOL and stFTM. By building on NEAR, Burrow says it offers near-zero transaction costs and fast transaction closing times compared with other blockchains. The company raised $5 million to bootstrap its initial trading liquidity. Burrow plans to launch a governance token staking program in its second month where staking the BRRR token yields xBRRR to vote on DAO proposals. Investors backing the platform include Dragonfly Capital, ParaFi Capital, Jump Crypto and QCP Capital among others, signaling institutional interest in its NEAR-native DeFi approach.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022