Cosmos Hub Grant deployed by Atom Accelerator DAO (AADAO) to SunDAO for SunDAO: Bootstrapping a Cosmos Investments DAO
Team: SunDAO
Amount Approved: $124,000
Status: Complete

SunDAO: Bootstrapping a Cosmos Investments DAO

To further foster community-aligned investments and support the future of the AEZ, AADAO has awarded a $124,000 grant to bootstrap SunDAO with initial funding to become a Cosmos Investment DAO with a special focus on Atom Economic Zone (AEZ).

The new DAO will involve a team of experienced operators building alongside early-stage founders over the course of six months, to accelerate their growth. SunDAO will also seek additional funders to contribute to their investment pool, thereby building a robust foundation for community-aligned investments. By focusing on the AEZ, this initiative will attract new teams to the ecosystem and create a strategic base for future investments.

The grant also includes strategic and operational support from AADAO, along with knowledge transfer to ensure the successful establishment of SunDAO. This approach ensures that the new DAO will have the necessary resources and expertise to thrive.

By funding SunDAO, we aim to create a dynamic environment that supports early-stage ventures, aligns investments with the community’s interests, and enhances developer onboarding, ultimately fostering growth and innovation within the Cosmos ecosystem.

About SunDAO
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The first dedicated Cosmos venture DAO, providing early stage investments to back founders building with Cosmos.

Team: SunDAO
Current Status: Complete
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 $250,000
Amount Approved: $124,000 (50%)
Amount Paid: $124,000 (100%)

Date Applied: Aug 02, 2023
Date Approved: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Nov 10, 2023 (14 weeks)

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $49,600 (Nov'23) $37,200 (Apr'24) $37,200 (Jun'24)

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