The Atom Accelerator DAO (AADAO) is on a mission to bring out the true potential of impactful innovations and tooling that could further drive value to the Cosmos Hub and the Atom Economic Zone (AEZ).
In the blog below, we’re spotlighting one of AADAO’s exciting on-going grants to Data Lenses by Numia. This two-part initiative features an unprecedented snapshot tool for the IBC ecosystem, covering not only liquid-staked ATOM but also ATOM in liquidity pools and regular balances, enabling comprehensive airdrop campaigns. Additionally, a liquidity tracker will monitor ATOM Protocol-owned Liquidity (PoL) that has been distributed across the ecosystem.
About Numia
As a long standing participant in the AEZ ecosystem, Numia is dedicated to making data from Appchains accessible to everyone and support projects to develop, monitor and grow their Web3 products. With a $54,500 grant from AADAO, Numia is poised to develop two critical tools that will benefit both the Cosmos Hub and the broader ATOM community:
- An Airdrop Snapshot Tool capturing ATOM holders across the IBC ecosystem (including liquid-staked ATOM, ATOM in liquidity pools, and regular balances)
- A dashboard to track ATOM PoL revenue.
TL;DR: These tools will help solve critical data-related challenges, enabling ATOM holders to fully engage with the ecosystem’s incentives and ensuring transparency in revenue from PoL deals.
Addressing Key Issues for the Cosmos Hub
Many ATOM holders using liquid staking services (LSTs) miss out on airdrops due to the complexities in identifying the underlying holders of liquid-staked derivatives. Additionally, the Cosmos Hub has millions of ATOM deployed across various PoL deals, but there’s currently no centralized way to track the revenue generated from these deals.
Numia’s two tools will include a snapshotting system for AEZ chains, specifically designed to support ATOM and its derivatives (stATOM, stkATOM, qckATOM, dropATOM) plus various DeFi protocols such as Osmosis, Apollo, and Astroport. This will allow projects to easily include liquid-staked ATOM holders in airdrop campaigns, boosting participation and demand for ATOM. Moreover, the PoL tracking dashboard will give the ATOM community clear insights into the revenue being generated across the interchain, empowering more informed governance decisions.
Tool #1: The Snapshot Service
Numia’s Airdrop Snapshot Service is now live and a total game changer for protocols and chains that want to include these users in their airdrop campaigns. Here’s how it works:
- Snapshot Engine: Numia is one of the leading data companies within the Cosmos ecosystem, indexing over 40 chains and powering major applications such the Osmosis frontend. Building on its extensive database, a sophisticated backend service was developed that makes it possible for the first time to programmatically record a wide range of balance types on demand
- Self-Service Dashboard: Along with the launch of Lenses v4, a user-friendly interface will be provided for projects to manage and execute their airdrop campaigns.
- Snapshot Subsidies: Reducing the cost of inclusion for projects and driving adoption of this service, with $15,000 of the total AADAO grant allocated to funding the first airdrop campaigns.
With potential leads like Nillion, Landslide, and roll-ups on Celestia already showing interest, this service is positioned to become an essential tool for projects looking to engage with the ATOM community.
Snapshot Creation Flow Demo by Numia
Tool #2: The Dashboard
The second major component of Numia’s grant, going live in the next few weeks, is the PoL Revenue Tracking Dashboard, a tool designed to bring much-needed transparency to the Cosmos Hub’s Protocol-owned Liquidity (PoL) deals. Currently, millions of ATOM are deployed in PoL agreements across various chains in the interchain, but there’s no user-friendly way for the community to track the revenue these deals generate.
The PoL Tracking Dashboard will address this gap by offering:
- Track ATOM Protocol-owned-Liquidity across the interchain.
- View revenue generated from PoL deals.
- Make informed governance decisions based on clear revenue data from the Cosmos Hub’s Community Spend proposals.
This dashboard, along with its accompanying API, will be instrumental in providing transparency and actionable insights for the Cosmos Hub community.
Looking Forward
AADAO remains committed to driving value to the Cosmos Hub by supporting projects that enhance the AEZ. We believe Numia’s Data Lenses platform will play a significant role in encouraging liquid staking and promoting ATOM’s value across the interchain
As we look to the future, be sure to try out Numia’s Snapshot Service, and keep an eye out for the upcoming dashboard, all aiming to leave a lasting impact on ATOM holders and the border AEZ.
How to get started with Numia
Are you driving value to the Cosmos Hub?
Funded by the AADAO, Numia is creating essential tools that expand airdrop inclusion for liquid-staked ATOM holders, ultimately enhancing participation and informed decision-making across the Hub and AEZ. If you’re building a project that could help drive value for the Hub, check out AADAO’s 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.
