News05 April 2022

Burrow is now highly liquid


No sooner has the Burrow platform launched pre-mining than it has already reached a TVL of $100,000,000.

TVL, or the total amount of blocked funds, is one of the most critical indicators for a DeFi project; without liquidity, you can't get far. In case anyone forgot or didn't know, Burrow is a decentralized, non-custodial, autonomous marketplace similar to Aave and Compound.

They also have a competition; check it out on Discord to participate.

Moni informative:

Near is a Proof-of-Stake blockchain that launched its core network in 2020. It is a decentralized development platform designed to provide an ideal environment for DApps (decentralized applications), overcoming some of the limitations of competing systems (e.g. low bandwidth, low speed and poor cross-compatibility).

A developer-friendly blockchain incorporates several innovations to improve scalability and reduce costs for developers and end-users. According to the creators, an application on Near can be launched in as little as five minutes.

Near is open source, and anyone can start contributing to its development.


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