Announcing a $350M Grants DAO for NEAR DeFi Projects

Proximity Labs, a research and development firm targeting the NEAR ecosystem, is excited to announce the creation of a $350M grants DAO aimed at projects, organizations, and individuals building decentralized finance (DeFi) applications on the NEAR blockchain. Well-known DeFi projects Curve.Fi, Sushi, Dodo, Kyber, Woo, and NEAR native projects Ref, Burrow, Onomy and Trisolaris have, or are in the process of launching on NEAR’s secure and scalable blockchain, with more to follow.

To support the burgeoning ecosystem, the grants DAO aims to distribute up to 40M NEAR tokens over a period of 4 years, currently worth over $350M. The application process is open to all projects, with grants ranging from $5,000 to several million.


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