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Burrow (BRRR) is not listed as a staking asset on Staking Rewards. You can still convert token prices, calculate reward rates and compare against rewards earned for other top staking assets.Learn more about Burrow Staking
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How to stake BRRR
To earn a yield on your BRRR, you can supply liquidity with supported assets on the Burrow Cash platform or stake BRRR tokens, To stake your tokens, you should ensure you have a Near Wallet, you have deposited BRRR tokens on the Deposit page, and then follow the steps below:
Step 1: Navigate to the Burrow Staking Portal.
Step 2: Enter the amount of BRRR tokens to stake, select the number of months to stake; keep in mind your BRRR tokens will be locked up during this period.
Step 3: Review the amount of xBRRR tokens to receive and your total xBRRR after staking.
Step 4: Click “Stake” and sign the transaction.
Do I need to do maintain my staking in any way?
Once you have staked your BRRR, there are things you need to consider going forward:
- You can review your boosted net APY after staking and a detailed breakdown.
- Users can unstake their BRRR tokens at the end of the lockup period. The xBRRR tokens will be burned and users will receive their staked BRRR back.
- xBRRR tokens cannot be withdrawn and are non-transferable. They stay within users’ accounts.
How are the rewards generated?
Native staking rewards on BRRR are composed of:
Boosted Rewards: Liquidity mining rewards are split across liquidity mining participants based on their number of shares. BRRR token holders can stake their BRRR tokens to boost their shares and, as a result, receive more reward tokens.
If users stake M BRRR tokens for N months (up to 12 months), the total amount of xBRRR tokens will be M * N. The more xBRRR they have, the more they can boost their shares. Boosted shares are calculated as follows: Boosted_shares = farming_multiplier * shares, where farming_multiplier = 1 + Log(xBRRR_amount) / Log(100).
What are the risks associated with staking BRRR?
Whilst we want to ensure staking is as safe and transparent as possible, there are still things to consider regarding whether a specific staking option is right for you.
Slashing risk: There is no slashing risk involved when staking BRRR tokens.
Unbonding risk: There is no unbonding period involved when unstaking BRRR tokens.
Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs. This not only applies to staking but your BRRR investment in general.
Please note that this is not an exhaustive list of all the risks related to staking.
What is BRRR?
BRRR is the native token of Burrow Cash and it is used to carry out the key functions of the platform as detailed below:
- Governance: xBRRR holders will be able to partake in DAO governance through voting and will have a say in managing the DAO treasury, reserve funds, accrued fees, emissions, and more.
- Staking (Boosted farming): Users who stake BRRR tokens can boost their LP shares to receive more LP rewards.
What are the tokenomics of BRRR?
The supply of BRRR is capped at 1 billion tokens.
Initial Distribution Breakdown
Any tokens that have been minted are free to be used and staked, except for those that have been allocated to Treasury. According to the official article, at least 50%-70% of the supply will be distributed to active Burrow users and community members.
- 50% (500,000,000) – Community
- 20% (200,000,000) – Team
- 20% (200,000,000) – Treasury
- 10% (100,000,000) – Investors
In the first three months after launching, up to 6% of the supply (60,000,000 $BRRR) will be distributed to the Burrow community.