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NEAR Protocol Fund Autonomy Network: Minimal Loss for DEX?

NEAR-Protocol-Fund-Autonomy-Network-Minimal Loss-for-DEX Other Exchanges News
  • Autonomy Network received a grant from NEAR Protocol.
  • NEAR Grants Pilot Program awards $1 million to projects that share its mission.
  • Autonomy Network will work with NEAR Protocol ecosystem projects to limit orders and stop-losses on decentralized exchanges.

The NEAR Ecosystem is growing big! NEAR Protocol has revealed it has given a grant to Autonomy Network. A tweet from NEAR states that the funding was granted to fill the gap for conditional transactions. To add on, Autonomy Network will help the NEAR Protocol ecosystem to limit orders and stop losses on decentralized exchanges (DEX).

As a result, the revelation of the partnership met with a lot of excitement from users.

Sequel to their publication, NEAR disclosed its plans to provide funding and resources to expand the NEAR ecosystem. According to the NEAR Foundation, in the first half of 2021, the NEAR Grants Pilot Program will award $1 million to teams whose work will foster and expand NEAR’s technology and community. More so, Autonomy Network’s program received funding as it supports NEAR’s mission.

Notably, NEAR Protocol focuses on creating a developer and user-friendly platform. To accomplish this mission, NEAR has infused features that limit orders. Thus, Autonomy Network’s feature will aid stop losses on decentralized exchanges.

About NEAR Protocol and Autonomy Network

Clearly, what best describes NEAR Protocol is its leading position of homogeneous sharding protocols.

In detail, NEAR Protocol is a public Proof-of-Stake (PoS) blockchain with smart contract capabilities that was designed as a community-run cloud computing platform. Therefore, NEAR Collective created NEAR to host decentralized applications (dApps). NEAR aims to compete with Ethereum and other smart contract-enabled blockchains such as EOS and Polkadot.

On the other hand, Autonomy Network is a peer-to-peer platform for fan-owned communities and creators. On Autonomy, creators can build social tokens and distribute value to their community without any middleman.

Clearly, as network congestion increases, these upgrades become more and more demanding to curb losses.

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