To enhance liquidity and economic activity within the Atom Economic Zone (AEZ) and improve the trading experience for users, AADAO has awarded a grant of $100,000 to fund Shogun Fi’s Decentralized Interchain Market Maker (DIMM) to mainnet.
DIMM aims to aggregate and optimize order flow, providing traders with optimal execution, generating ATOM-denominated revenue for liquidity providers (LPs), and increasing transaction fee revenue for ATOM stakers. The protocol features peer-to-peer (P2P) order-matching, just-in-time (JIT) LP vaults for dynamic rebalancing, and smart order routing using interchain liquidity pools.
The grant was awarded to bring Shogun Fi’s DIMM to the AEZ, aiming to minimize slippage, price impact, and mitigate harmful miner extractable value (MEV). By using ATOM as its gas and fee currency, DIMM generates transaction fees and MEV opportunities for the consumer chain, enhancing ATOM’s role as the primary reserve asset. This initiative is expected to significantly boost liquidity and economic activity between Cosmos and Celestia, further solidifying ATOM’s utility and importance in the ecosystem.
The expected impact on the Cosmos Hub/AEZ includes providing traders with the best execution available in the ecosystem, thanks to the combination of DIMM’s three components: the P2P order-matching engine, JIT LP vaults for dynamic rebalancing of whitelisted asset pairs, and smart order routing that utilizes existing liquidity pools across the interchain.
This grant demonstrates AADAO’s commitment to fostering innovation and improving the overall functionality and attractiveness of the AEZ, encouraging more protocols to adopt ATOM and contribute to the growth of the Cosmos ecosystem.
