Proximity Labs unveils $10 million developer fund for trading protocols on Near

2022/11/24 15:47

According to The Block, blockchain research and development firm Proximity Labs and three decentralized exchanges on the Near Protocol blockchain — Orderly Network, Spin, and Tonic — have announced a $10 million developer fund. The fund will provide grants and investments to new developer teams that build on top of Orderly, Spin, or Tonic, which are decentralized trading protocols that rely on virtual order books. These projects offer trading experience akin to centralized exchanges, using the Near blockchain as the settlement layer. New projects can plug into these protocols and use the liquidity they offer for their own tools, such as decentralized exchange aggregators.

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