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

Astrovault

This page's content is auto-generated from the grant application based on the content the applicant gave consent to share. Since this application is still pending review or was rejected, the Atom Accelerator DAO is not endorsing or otherwise indicating support for this project. This page has been made public as part of our commitment to transparency

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

Cosmos Hub Testnet Incentive Program (renewal) – 2025 H1
In Progress

Cosmos Hub Testnet Incentive Program (renewal) – 2025 H1

Team: Hypha Worker Co-operative
Approved: Nov 19, 2024
Amount: $85,000
Cosmos Hub – Accelerate Nigeria
In Progress

Cosmos Hub – Accelerate Nigeria

Team: Cosmos Nigeria / Popeblack
Approved: Nov 19, 2024
Amount: $27,250
Cosmos Hub – Accelerate Brazil
In Progress

Cosmos Hub – Accelerate Brazil

Team: Brasa Labs / Cosmos Brasil
Approved: Nov 12, 2024
Amount: $35,000
Cosmos Hub Security Audit – LSM
In Progress

Cosmos Hub Security Audit – LSM

Team: Zellic
Approved: Oct 21, 2024
Amount: $51,000