In the rapidly evolving blockchain space, achieving effective and user-friendly governance is essential for fostering innovation and decentralized progress, yet it remains a significant challenge. As one of Cosmos Hub’s core goals is to uphold proper decentralization, Atom Accelerator DAO (AADAO) is committed to supporting this mission through initiatives like our recent grant to DAO DAO.
In the blog below, we shine a spotlight on this grant, which aims to enhance governance within the Hub and the ATOM Economic Zone (AEZ), making it easier for communities to manage and execute their governance effectively.
About DAO DAO
DAO DAO is a decentralized platform designed to help users create and operate DAOs (Decentralized Autonomous Organizations) through a user-friendly interface that simplifies interactions with smart contracts. Managing over $300 million across 11 chains and supporting more than 5,000 DAOs, DAO DAO’s platform has established itself as a reliable governance tool within the Cosmos ecosystem.
The platform’s features include Token DAOs, NFT DAOs, and Membership DAOs, allowing communities to manage their resources and decisions seamlessly. In addition, advanced tools such as SubDAOs and cross-chain accounts via Polytone enable more complex governance structures across multiple chains.
AADAO has awarded an $88,000 grant to DAO DAO, supporting the integration of its advanced governance tools into the Cosmos Hub. This grant builds on a prior successful deployment of DAO DAO on Neutron, which AADAO actively utilizes. With CosmWasm now live on the Cosmos Hub, the integration allows native support for various DAO structures, eliminating the need for independent governance modules and smart contracts.
Empowering Governance in the Cosmos Hub and AEZ
As we all know, decentralization is fundamental to Web3, and effective governance plays a crucial role in realizing this vision. However, coordinating governance is often quite complex and challenging due to all its different roles and the weight of their importance within ecosystems. DAO DAO offers tools that streamline governance processes, empowering communities to manage decision-making effectively while keeping power decentralized and firmly in the hands of their users.
By integrating these enhanced capabilities directly into the Cosmos Hub, DAOs can adapt and collaborate more efficiently, strengthening governance across the Hub and the broader AEZ. This enhanced framework will empower the Cosmos community to maintain its decentralization goals while driving innovation and scalability forward.
DAO DAO’s tools, including its intuitive UI for proposal creation and voting, are already accessible to Cosmos Hub users via its platform. The introduction of SubDAOs will enable more specialized governance and streamlined resource management, a vital enhancement for the Cosmos Hub as it continues to grow.
Looking Forward
With the support of AADAO’s grant, DAO DAO’s integration into the Cosmos Hub is set to enhance how the community interacts with governance tools, furthering the Hub’s ability to scale and adapt in a decentralized way. This marks a pivotal moment in improving operational efficiency, decision-making, and overall governance capabilities within the AEZ.
To learn more about DAO DAO and explore their tools, visit their website.
Are you driving value to the Cosmos Hub?
Funded by the AADAO, DAO DAO is able to make a major impact in the day to day important decisions for the Hub’s DAOs and overall stakeholders.
Are you also building a project that could help drive value for the Hub? If so, be sure to check out our Funding Themes and apply for a grant today.
About the Atom Accelerator DAO
Atom Accelerator DAO (AADAO) is a governance-mandated DAO of the Cosmos Hub. We have been formed and mandated to drive value for the Cosmos Hub & ATOM, supporting initiatives that either directly create economic impact or produce value that can drive its growth. From this, our current primary mandates are public grants & venture grants.
Atom Accelerator’s venture arm, strategically invests in promising early stage web3 founders & startups both within and outside of the Cosmos Hub’s ecosystem. Offering expertise, guidance, and support as experts within the Cosmos ecosystem while driving value towards Atom.
In 2023, we deployed $3.8 million in grants to 39 recipients – resulting in, among other things – a $22m USD airdrop to the Community Pool, an AEZ Accelerator program to expand the AEZ, a successful hackathon with 42 project submissions bringing innovations to the AEZ – and many other key initiatives. Read about them in our 2023 Impact Report.
