Aurora Launches $90 Million Developer Fund to Boost DeFi on NEAR Protocol

Aurora, the blockchain layer on the NEAR Protocol, has partnered with Proximity Labs, the DeFi arm of the NEAR Protocol, to launch a $90 million token fund to accelerate the development of DeFi applications. To fund the fund, Aurora Labs, the core development team behind Aurora, has allocated 25 million Aurora Tokens (approximately $90 million) to Proximity Labs from its DAO funding pool. applications on Aurora.