Proximity Announce Labs $350M DeFi Grants DAO

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.

DeFi builders can express their interest in the grants DAO via this form.

ABOUT NEAR
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that acts as an on-ramp for billions of people to access the next generation of the web.

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