Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: NuDEX
Amount Asked: $20,000
Status: Pending Review means we have received the application but have yet to decide on it. Pending Review

Build a next-generation decentralized exchange – NuDEX

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

NuDEX is a next-generation decentralized exchange (DEX) that aims to leverage Cosmos Hub technology to enable seamless multi-chain trading.

We aim to solve liquidity fragmentation and high user entry barriers across blockchain ecosystems. By integrating assets from Cosmos, NuDEX empowers traders with secure, low-cost, and high-performance trading while maintaining self-custody of assets. Our decentralized listing and community-driven campaigns enable user-friendly, scalable adoption of Cosmos ecosystem assets, driving more value to ATOM and expanding the Cosmos Hub ecosystem.

If this grant application is successful, NuDEX will:

  • Build a robust platform integrating Cosmos Hub assets with multi-chain trading capabilities.
  • Launch decentralized listing features, enhancing user autonomy.
  • Achieve 3,000 active testnet users by Q1 2025.
  • Facilitate cross-ecosystem liquidity, increasing trading volume for Cosmos ecosystem tokens.
  • Attract 12+ key trading pairs, including ATOM, across multiple chains.

NuDEX will directly drive value for ATOM by:

  1. Increasing ATOM’s utility as a core asset for multi-chain trading, thus enhancing liquidity.
  2. Introducing decentralized campaigns, incentivizing ATOM holders to engage with the ecosystem.
  3. Supporting the broader Cosmos ecosystem through campaigns, cross-ecosystem liquidity, and increased exposure of Cosmos assets.
  4. Quantitative impact:
    1. Target 3,000 testnet users engaging with ATOM trading pairs during Q1 2025.
    2. Projected ATOM trading volume increase of 20% on NuDEX within six months of mainnet launch.

About NuDEX
Visit their Twitter profile Join their Telegram group Join their Discord Visit their website Visit their Github

NuDEX is led by a team of blockchain professionals with extensive experience in decentralized finance trading infrastructure and multichain integration. Our team includes Caria Wei a blockchain visionary and former Head of Product at Metis known for her expertise in Ethereum Layer2 scaling solutions. The team is composed of engineers product managers and community growth specialists committed to building a decentralized trading platform that prioritizes security user empowerment and scalability.

Team: NuDEX
Current Status: Pending Review means we have received the application but have yet to decide on it. Pending Review
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 $20,000

Date Applied: Nov 29, 2024

Latest Approved Funding

Zellic: Security Audits for the Cosmos Hub
In Progress

Zellic: Security Audits for the Cosmos Hub

Team: Zellic
Approved: Dec 03, 2024
Amount: $440,000
Range Security: Monitoring and Threat Detection for Hydro
In Progress

Range Security: Monitoring and Threat Detection for Hydro

Team: Range Security
Approved: Nov 27, 2024
Amount: $95,000
Zephyrus: Vote aggregator for Hydro
In Progress

Zephyrus: Vote aggregator for Hydro

Team: Moonkitt
Approved: Nov 27, 2024
Amount: $85,000
ATOM Interchain Insights: Comprehensive TVL & Flow Analytics for ATOM
In Progress

ATOM Interchain Insights: Comprehensive TVL & Flow Analytics for ATOM

Team: Map of Zones
Approved: Nov 27, 2024
Amount: $91,200