The Cosmos ecosystem needed an advanced solution to enhance liquidity and economic sustainability. To address this, AADAO has awarded a grant of $220,000 grant to deploy Astrovault’s AMM on Neutron. Astrovault is a proprietary hybrid AMM model that combines slippage-free 1:1 trades with the traditional AMM model, using staking derivatives as base trading pairs.
This grant is to deploy Astrovault on Neutron, aiming to increase the bonded rate and store ATOM as a supply sink within the protocol. By doing so, Astrovault seeks to lower the selling pressure on ATOM and enable dApps to become significant supply sinks for the token. This initiative supports a more sustainable model for LSDeFi and positions ATOM as the base pair for liquidity in the Cosmos ecosystem. The Astrovault team has an impressive track record of building in the Cosmos ecosystem, further justifying the grant.
Additionally, Astrovault is one of the projects jointly funded by the AADAO and the Neutron Grants Program, showcasing a collaborative effort to enhance the Cosmos ecosystem. The grant also includes a commitment from Astrovault to gift tokens to the Cosmos Hub Community Pool, equivalent to the grant amount, based on their seed valuation.
