NEAR Protocol
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NEAR Protocol

Announcing a $10M Fund for Decentralized Orderbook Solutions on NEAR

By Proximity Labs, with Orderly Network, Spin, and Tonic

About Proximity

Proximity is a research and development firm supporting the NEAR DeFi ecosystem through investments, developer support, open-source software, advisory services, and more. The Proximity team consists of former members of the NEAR Foundation, Binance, Consensys, Facebook, and more. It has advised numerous bluechip DeFi projects contributing to both NEAR and Aurora’s recent success.

About Orderly Network

Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It currently uses an off-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of, with a goal of moving to a full on-chain mechanism.

About Spin

Spin is a 360° decentralized trading platform on NEAR Protocol. Spin offers a wide range of products designed to meet the demands of both novice and savvy traders, DeFi investors, and passive income seekers.

About Tonic

Tonic is a permissionless, fully on-chain, orderbook-based exchange platform built on NEAR. Our platform allows anyone to create markets for any asset on NEAR L1 or Aurora. Every component of Tonic is built with developers in mind, enabling the community to build a wide range of performant DeFi applications on NEAR.



NEAR is the network for a world reimagined. Through simple, secure, and scalable technology, millions are empowered to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future.

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Proximity is a R&D firm supporting projects building DeFi applications on NEAR and Aurora through grants, advisory services, and developer support