Burrow Finance

Burrow Finance has become a key player in the DeFi landscape by providing an efficient money market platform on the NEAR blockchain. The project allows users to deposit interest-bearing assets, including stNEAR and stETH, and use them as collateral to borrow other assets.

Burrow's development has been closely tied to the growth of the NEAR ecosystem. Its integration with Ref Finance, a leading DeFi platform on NEAR, ensures that users can easily swap tokens and access liquidity across multiple platforms. This collaboration has strengthened Burrow's position as a leading money market on NEAR.

Key milestones for Burrow include its integration of staked assets and its focus on providing a non-custodial solution where users maintain control over their assets. By leveraging the unique features of the NEAR blockchain, Burrow has differentiated itself from competitors like Aave and Compound, which operate primarily on Ethereum.

• Collateral Flexibility: Burrow allows users to use multiple assets as collateral, offering greater flexibility and capital efficiency for lenders and borrowers.


• Leveraged Staking: Users can borrow against staked assets like stNEAR or stETH, allowing them to create leveraged positions that increase their potential returns.


• Low Fees and Fast Transactions: Leveraging the NEAR blockchain, Burrow offers low transaction fees and fast settlement times, making it an attractive option for users looking to avoid the high costs of Ethereum-based DeFi platforms.


• Non-Custodial Protocol: Burrow operates as a non-custodial platform, meaning users retain full control over their assets while interacting with the platform.

Getting started with Burrow Finance is simple. Users can follow these steps:

• Visit the Burrow Finance website and connect a NEAR-compatible wallet.


• Choose the assets you want to supply or borrow. You can use stNEAR, stETH, or other supported assets.


• Supply the assets and select the option to use them as collateral. Once supplied, you can borrow against them or earn interest on your deposits.


• Manage your borrow positions and monitor your health factor to avoid liquidation. You can always repay or supply more collateral to adjust your positions.

For more details, you can explore the Burrow documentation.