Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Ethan Wood
Amount Asked: $200,000
Status: Rejected

Astrovault

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Astrovault is a proprietary model hybrid AMM built entirely from the ground up. Our DEXincorporates slippage-free 1:1 trades alongside the traditional AMM model, and utilizes stakingderivatives as base trading pairs. Astrovault is the first DEX to earn from liquidity hosted. Wewould like to build out an SDK to enable all Comsos apps to earn from their own liquidity.

Based on our economic research, available in our Whitepaper ( Section 6: https://docs.astrovault.io/axv-whitepaper.pdf#page=11 ) the current narrative of autocompounding derivatives is unsustainable and mathematically flawed. Furthermore, applications are actively being exposed for failing to capture or create revenue. While ATOMindependently pursues it’s own tokenomics overhaul, this SDK would retroactively help solvetokenomics issues for all applications in the ecosystem, opening up new revenue streams and a way to capitalize on hosted liquidity. As applications secure the ATOM chain directly, then the chain is more secure. As the chain becomes more secure, the cost of security lowers, meaning inflation can be reduced without added risk to chain security. Additionally, all dApps that adopt the SDK and begin utilizing our xDerivate implementation will be, through the infrastructure backing these projects, creating a whole new layer of supply sinks for the ATOM token.

Team: Ethan Wood
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: ATOM Zone build-out

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $200,000

Date Applied: Aug 19, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Sep 14, 2023 (3 weeks)

Latest Approved Funding

Venture Investment 3
In Progress

Venture Investment 3

Team: [to be announced]
Agreed: Aug 28, 2024
Invested: $100,000
DRIP Module
In Progress

DRIP Module

Team: Daniel Harapko
Approved: Aug 28, 2024
Amount: $246,154
ATOM Hacker House – Barcelona 2024
In Progress

ATOM Hacker House – Barcelona 2024

Team: Web3Family
Approved: Aug 23, 2024
Amount: $40,000
Drops: Cosmos Hub User Engagement Campaign
In Progress

Drops: Cosmos Hub User Engagement Campaign

Team: Drops
Approved: Aug 16, 2024
Amount: $7,500