Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Max Grabner
Amount Asked: $100,000
Status: Rejected

Margined ATOM Power Perp

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So we are deploying power perpetuals to Osmosis, we would like to list an Atom^2 pool in addition to an Osmo pool.

Therefore we are looking for some initial liquidity for the market.

We believe this is good for the wider Atom eco-system as there can be increased utility, liquidity and price discovery of Atom through our perp.

Margined Power Perps would be the first perpetual protocol deployed to a non-custom appchain in the Cosmos eco-system that has actual price discovery, i.e. unlike perps that utilise oracles.

This improve the ability of cosmos eco-system to be independent from CEXs and offer a true decentralised financial services.

Team: Max Grabner
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 $100,000

Date Applied: Aug 01, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Sep 28, 2023 (8 weeks)

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