What’s Next on Burrow?
Unveiling the 2024 Roadmap ( Q2 — Q4 )
The bull market is upon us, and it’s time for Burrow to take a big leap forward. The team is excited to announce the introduction of new functions and features. Here’s a sneak peek into what’s “BRRRing” in the upcoming months.
2024 Q2 — LP as Collateral
In the second quarter of 2024, we’re introducing a new feature — LP as Collateral.
DCL LP can currently be converted into a comparable v_liquidity by specifying a price range for farming. Different pools can be established within the same swap pool farming based on various price ranges. The added liquidity must intersect with the price range of the farming pool to participate. If there is no intersection, the value of v_liquidity is calculated as 0, meaning it cannot participate.
With this new function, users can monitor the current price and add liquidity that is not within the current price range, known as single-coin liquidity. By doing so, users can avoid impermanent loss while still benefiting from farming.
2024 Q3 — Margin Trading
Burrow will unveil Margin Trading in the third quarter of the year, giving users the ability to trade with leverage.
To achieve leverage, you currently need to perform a loop of iterations involving a substantial number of trades and subsequent signatures. To simplify trading and consolidate multiple functions into a single DApp, we will develop Margin Trading.
In reality, the contract only needs to calculate the final result using the given leverage multiplier and execute one swap within the contract on behalf of the user. This streamlined process allows for the completion of leverage addition.
2024 Q4 — Multichain Integrations
In the final quarter of 2024, we’re embracing the future of interoperability by implementing Multichain support which will Utilize Near’s Chain Abstraction technology to connect Burrow seamlessly with multiple blockchains.
This integration will enable users to access and leverage assets across different chains, expanding the possibilities for decentralized finance and empowering our users with more choices and opportunities.
Conclusion
Beyond our major product focuses, the year ahead holds a plethora of exciting features in store. At Burrow, we remain steadfast in our commitment to collaborate with ecosystem partners and continuously improve the NEAR ecosystem as a premier decentralized finance destination. We highly value your input and feedback as we work towards mutual growth and development.
