Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: ERIS
Amount Asked: $55,000
Status: Pending Review means we have received the application but have yet to decide on it. Pending Review

Votion: The Hydro Vote Aggregator

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We propose the development of a decentralized vote aggregator solution to simplify governance participation for ATOM holders within the Hydro platform. The proposed solution Votion will enable users to deposit their LSM shares into a pool receive a tradable receipt token as proof of their deposit and have their votes automatically managed and cast by the aggregator on their behalf. This system maximizes governance efficiency enhances capital efficiency and empowers users to engage in the decision-making process without the complexities of manual voting.

The proposal aims to develop Votion, a decentralized vote aggregator designed to simplify governance participation for ATOM holders within the Hydro platform. This solution allows users to deposit LSM (Liquid Staked Module) shares into a pool, receive a tradable receipt token (vATOM) as proof, and have their votes automatically cast through the aggregator. By streamlining voting and integrating compounding mechanisms, Votion enhances governance and capital efficiency, empowering users to actively engage without the challenges of manual voting.

Votion’s key modules include a central contract (Votion-hub) for managing deposits, unbondings, and vote automation; a stake-proxy for converting ATOM to LSM shares; and ERIS’s zapper and global-config tools for efficient token management. These modules, supported by a user-friendly interface, offer access to performance metrics, expected APYs, and protocol voting data.

The system’s goals are:

  • Governance Simplification: Automating votes to encourage wider participation.
  • Yield Optimization: Auto-compounding rewards into ATOM to drive buy pressure.
  • Capital Efficiency: Allowing tradable receipt tokens to unlock DeFi integrations.
  • User Empowerment: Ensuring flexibility, including the ability to exit the protocol or manage LSM share unbonding with minimal restrictions.
  • locking up 1 M$ worth of ATOM

The vote aggregator Votion will serve as an additional utility for ATOM automatically compounding external incentives back into ATOM. This mechanism is designed to generate positive buy pressure for ATOM.

About ERIS
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ERIS is a leading protocol development team in cosmos providing contract backend and frontend development both as a product as well as a whitelabeled service. With over 2.5 years experience in Cosmos and more than 6 audits and a vast amount of smart contracts and 10 M TVL ERIS has the knowledge to build Votion.

Team: ERIS
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: Cross-Ecosystem Collaboration

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $55,000

Date Applied: Nov 26, 2024

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