MEXC Pioneer is partnering with Proximity Labs, a cutting-edge research firm focused on DeFi technology within NEAR ecosystem
Decentralized finance, or DeFi, has firmly established itself in the blockchain sector and has become an integral component of cryptocurrency markets. People today are searching for more user-friendly and dependable DeFi platforms to participate in. Proximity Labs, which focuses on DeFi applications, is committed to providing funding and developing open-source software for the NEAR blockchain. Andreessen Horowitz’s A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures are among the investors.
Katherine Deng, VP of MEXC Global and the laminitis of MEXC Pioneer, commented: “Proximity Labs is simply a technique-focused squad and provides radical with state-of-the-art DeFi experience. I was ever impressed by their level of expertise. The squad is besides a beardown contributor to the NEAR ecosystem, which is besides 1 of our strategical partners. We are blessed to enactment intimately with large talents similar the team.”
Proximity Labs enables DeFi applications such as arsenic Curve, Sushi, Dodo, Kyber, and many more by bringing together the underlying NEAR protocol, a scalable blockchain. According to the statement, there are more than 1.3 billion progressive accounts connected to the network. The total value locked (TVL) has surpassed $860 million, with $700 million in linked Aurora and $160 million in NEAR autochthonal assets — as well as Ethereum web assets such as arsenic Ether, USDC, and Tether through the Rainbow Bridge connection. Proximity Labs announced the establishment of a $350 cardinal awards vehicle in October 2021 to aid with the development of decentralized-finance apps tied to the NEAR blockchain. Proximity Labs enhances its skills to connect and aid considerably radical effective DeFi situations with the support of MEXC Pioneer.
MEXC Pioneer is a platform created by MEXC Global to provide new businesses, innovators, and entrepreneurs with the resources they need to achieve their goals. MEXC Pioneer has formed a $100 million growth fund to assist blockchain technology and infrastructure developments in order to achieve this.