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)

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
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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