TechFlow news, Aurora, an Ethereum scaling solution (EVM layer) built on NEAR, has partnered with Proximity Labs, the DeFi division of NEAR Protocol, to launch a $90 million token fund aimed at accelerating the development of decentralized finance (DeFi) applications. To capitalize the fund, Aurora Labs—the core development team behind Aurora—allocated 25 million Aurora Tokens (worth approximately $90 million) from its DAO treasury to Proximity Labs. Proximity will manage the tokens and distribute grants to developers interested in building DeFi-based applications on Aurora.
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