Jumbo Exchange Receives Grant From Proximity Labs to Accelerate NEAR Ecosystem Development

We are excited to announce that Jumbo Exchange has awarded a grant from Proximity Labs to further incentivize its pools, grow its user base, and enable a more varied incentivization path.

Proximity Labs is an incubator and research firm focused on the Defi ecosystem of the NEAR Protocol. Proximity consists of former members of NEAR Foundation, Binance, Consensys, Facebook, and more, and it has been supporting the growth of NEAR-Aurora DeFi ecosystem through grants, advisory services, as well as publishing open-source software for developers. It has advised a basket of bluechip DeFi projects such as Bastion, Aurigami, Ref Finance, Burrow, and Trisolaris, which have contributed to both NEAR and Aurora’s recent success.

Proximity Labs is an avid supporter of the NEAR ecosystem and has been one of the spearheads of its growth in the past and is continuing to be a driver of growth to this day! Proximity Labs only recently announced its 350m $ grants DAO to facilitate the NEAR and Aurora based ecosystems!

With the help from Proximity Labs, Jumbo Exchange has recently launched the farming pools for Aurora and NEAR with 100%+ APY. Start framing now at https://jumbo.exchange/pool

About Jumbo:

Jumbo Exchange is a decentralized exchange built on NEAR Protocol. It offers the most intuitive DeFi experience you will have, including instantaneous swaps, highest yields with seamless pool transition, and permissionless liquidity Pool. Jumbo is backed by top VCs such as Alameda Research and Big Brain Holdings.