News Formal

Aurora launches $90M fund to finance DeFi apps on Near Protocol

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Are you bullish on $NEAR?

Funding was provided by Aurora Labs, which allocated 25 million AURORA tokens — currently valued at roughly $90 million — from its DAO treasury to proximity labs.

The Aurora Labs team believes that the token-based funding structure will also increase activity across the network.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Near is about to get annihilated just like Luna

I'm not good looking

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines