what's Proximity Labs?
Proximity Labs is a research and development firm dedicated to the NEAR Protocol ecosystem. It provides comprehensive support to teams building decentralized applications using the NEAR Chain Abstraction stack, including financial backing, strategic guidance, technical assistance, and marketing resources. As an incubator and investor, Proximity Labs has launched initiatives like a $10 million developer fund for decentralized trading protocols on NEAR in partnership with projects such as Orderly Network, Spin, and Tonic. It has also facilitated over $15 million in funding for incubated projects and contributes to ecosystem growth through grants DAOs and cross-chain integrations.
Proximity Labs assists STP, a stablecoin swap protocol, enabling 1:1 swaps with 1-3 bps fees for $1-10M.
Links
x.com/proximityfiAssists with go-to-market efforts for STP, a stablecoin swap protocol developed by Yonder Labs that enables Genius-compliant stablecoin swaps at 1:1 ratio with minimal fees of approximately 1-3 basis points for transaction sizes between $1-10M.