The ATOM Accelerator DAO (AADAO) presents its nineth Transparency Report. These reports demonstrate the team’s commitment to openness, community engagement, and stakeholder education by providing clear remits of its key resources and activities.

This issue is prepared by the Elected Member of the Oversight Committee (Grace Yu), with inputs from the larger DAO contributor team. Should you have any suggestions as to how AADAO can improve the structure or content of its reporting, please send your ideas to [email protected].

Report Date: April 15, 2025

Table of Contents

1. TLDR
2. Introduction
3. Financial Summary

• Liquid Treasury Asset Distribution

1. Financial Reports

• Balance Sheet – Main and Strategy Wallets
• Balance Sheet – Operational Wallets
• Income Statement – Primary Wallets (Main & Operational)
• Income Statement – DAODAO Main Wallets
• Income Statement – DAODAO Operational Wallets
• Cash Flow Management Report – Strategy Wallets
• Cash Flow Management Report – Main Wallets
• Cash Flow Management Report – Operational Wallets

1. Oversight

• Clarifying “Sunset”: What It Is—and What It’s Not
• Concerns:
  • Sunsetting AADAO
  • Legal Wrapper & Transition
  • Governance Structure & Required Reforms
• Team Changes
• Team Compensation: “Maintenance Mode”

1. Payments

• Ventures
• Grants

1. Grants

• Grants Summary
  • Hydro
  • Marketing
  • Grant Approvals by Category
  • Monthly Grant Approval Activity
  • Grants Approved
  • Discontinued

1. Ventures
   • Ventures Summary
   • Ventures Updates
2. Conclusion

TLDR

This report outlines the ATOM Accelerator DAO’s (AADAO) financial and operational activities from Q4 2024 through March 31, 2025. The DAO formally closed its grant application pipeline on November 29, 2024, and transitioned to a “maintenance mode” structure with a reduced team effective January 01, 2025.

Financial Overview

• The Financial Statements show $6.45M in total assets, with approximately $2.27M liquid and deployable.
• Liquid holdings include $975K in USDC (Osmosis), $300K in USDC (Noble), and $959K USD in ATOM, or approximately (adding exposure risk).
• Treasury management is focusing on reducing costs to be efficient as possible as the AADAO focuses on winding down its operations.

Team Changes & Operational Cost Adjustments:

• Several Core DAO and Strategy Committee members exited as of December 31, 2024.
• The Oversight Committee’s Financial Controller role transitioned from Patricia Mizuki to Matt Brown in January 2025.
• As of January 01, 2024, AADAO has transitioned to a leaner team structure consisting of 4 core contributors (with reduced FTE) + 2 Oversight members. At its peak, AADAO had 12 core contributors.
• Monthly salary overhead now ranges from $18K–$21.8K/month, down from $88k/month during peak operations.
• Current team capacity focuses on milestone review, grant audits, and final reporting; not new grant generation.

Grant Activity

• Between October and December 2024, $1,899,086 in unique grants was approved. An additional $587,989.87 approved (and disbursed) for venture grants, bringing the total funding approved during this period to $2,487,075.87.
• The total amount disbursed for grant payments (initial, milestone, or final) from October 2024 through March 2025 is $1,276,602.
• Hydro-related initiatives received $417K, or 23% of Q4 2024 grants. Including Proposal 986 funding (~$1.3M), Hydro has received over $1.7M in public funds, representing 57% of Q4 2024 & Q1 2025 Cosmos Hub-sourced financial support.
• Together, the following grant categories accounted for over 61% of grant value ($1,899,086):
  • Marketing & Developer Activation
  • ATOM as Interchain Money
  • Security & Audits
  • Cross-Ecosystem Collaboration
• Some grants from earlier cycles were discontinued, with partial or full funds returned to the treasury.

Venture Grants

• To date, venture grants have deployed $1.5M into nine startups, with $1.7M approved for ventures in total.
• The portfolio includes teams like Elys, Union Labs, Drop, Plaza, Shaga, and Sphinx.

Oversight Concerns

• Governance risks stem from insufficient internal controls, absent grant agreements, and potential conflicts of interest.
• Contributors initiated the DAO sunset, but governance did not formally review or ratify it; raising questions about sufficient decentralization, and the defensibility of the DAO’s delegated mandate, and control.

• Oversight has flagged the need for a formal Cosmos Hub governance proposal to resolve mandate status and steward venture agreements post-sunset.

  This proposal should:

  • Make clear the phased structured drawdown of the organization;

  • Specify how Lemma Ltd., AADAO’s BVI Trustee, will continue to manage venture investments;

  • Acknowledge that any intellectual, financial, legal, strategic, and structural assets created or held by AADAO are the property of the Cosmos Hub, with their disposition subject to governance’s direction only.

• AADAO is legally structured as a Guernsey Non-Charitable Special Purpose Trust (NSPT) with a BVI trustee; the structure is a flexible legal wrapper for DAO operations, but lacks built-in contributor liability protection.

• Oversight calls for clearer governance scaffolding if the trust is reused in future Hub-aligned DAO initiatives.

Introduction

The ATOM Accelerator DAO (AADAO) presents its ninth Transparency Report. These reports demonstrate the team’s commitment to transparency and stakeholder education by clearly identifying its key resources and activities.

This issue was prepared by the Oversight Committee, with input from the core contributor team.

Community members have expressed that while they appreciate AADAO’s published financial statements, many are unfamiliar with interpreting them or understanding their purpose. To that end, the primer below explains what each financial statement is and why it matters, particularly for a DAO entrusted with public capital.

The AADAO operates under limited autonomy and delegated authority from Cosmos Hub governance, and the shared information and data are foundational to ensuring accountable financial stewardship.

What It Is and Why It Matters

Balance Sheet

A balance sheet is a snapshot of an organization’s financial position at a single point in time. It shows what the DAO owns (assets), what it owes (liabilities), and the residual value (equity).

The balance sheet enables the Hub community to evaluate:

• How much of the treasury remains
• Where funds are stored, including which wallets and on which chains (e.g., Cosmos, Osmosis, Noble)
• What losses have been realized from spending or market fluctuations

Income Statement

The income statement (also known as a profit and loss statement) tracks the DAO’s financial activity over time. It records:

• Revenues (inflows, if any)
• Expenses (outflows such as grants, contributor salaries, or operational costs)
• Net result (a surplus or deficit for the period)

The income statement helps the community and Oversight Committee understand:

• The volume and timing of grant disbursements
• The DAO’s operating burn rate
• Emerging spending patterns that may influence future treasury management

Cash Flow Statement

A cash flow statement shows how funds moved in and out of the DAO’s wallets over a specific timeframe. Unlike the balance sheet (a snapshot) or income statement (performance), this statement is about liquidity; what was actually sent, received, or held.

It is particularly important for AADAO because it allows the community to see:

• How funds were transferred across wallets (strategy, main, operational)
• Which grants were actually paid out, and in what tranches
• What operational costs were incurred, such as payroll, legal, or tooling
• How much capital remains liquid, and available to meet future obligations

Together, these three statements form the core of financial transparency. They enable stakeholders to verify how capital is being managed and where it has gone. Publishing and understanding these reports isn’t just a “nice to have;” it’s a good governance imperative.

Financial Summary

As of March 31, 2025, AADAO reports total assets of approximately $6.45 million, spread across its Main, Strategy, and Operational wallets on Cosmos Hub, Osmosis, and Noble. The $6.45M is not all “available” in the discretionary sense. It includes assets reserved for remaining milestone payments, and the presence of volatile ATOM positions inflates its value.

Entering Q2 2025, AADAO’s runway is approximately $2.27M. This amount must cover all pending grant milestone payments and the DAO’s wind-down expenses, and accurate forecasting and milestone governance are critical at this juncture.

The substantial drawdown in capital paired with exposure to ATOM underscores the need for conservative cash flow management.

The liquid balance includes:

• $974,960 USDC on Osmosis
• $300,296 USDC on Noble
• Approximately $959,430 in ATOM, whose actual value can fluctuate with the market.

The remaining $4.18 million on the balance sheet consists of previously deployed capital and unrealized losses. These losses stem from disbursements, expenditures, investments, and the declining market value of ATOM held in treasury. On the balance sheet, they are accurately shown as negative retained earnings, which reduce the DAO’s equity.

Future stewardship of any venture-generated equity must be communicated clearly to the Cosmos Hub community, with a wind-down plan authorized by Hub governance.

Liquid Treasury Asset Distribution:

This breakdown reflects only liquid, deployable treasury assets (USDC and ATOM), and does not include unrealized losses or previously disbursed capital.

Wallet Category	USD Equivalent Value	% of Treasury
DAODAO Main (Noble + Osmosis)	$1,088,098	~48%
Strategy Wallets (Cosmos + Osmosis)	$983,585	~43%
Operational Wallets (Noble + Osmosis)	$186,128	~8%
Main Wallet (Cosmos)	$5,668	<1%

Financial Reports

The information below is provided by Oversight subDAO members

AADAO maintains a structured wallet system across multiple blockchain networks for transparent and efficient resource management.

The following covers all financial activity from its primary wallets (main and operational) and subDAO (DAODAO) wallets.

Grants: Grants Committee

• cosmos1syhp2rh3kgqpa5hjrkyfsqsh49mqyye5k9ejc70lev9pq5g9spxs7ya6zd
• osmo16zm8crvnpawjf3mnnrdasma2m5d6q0edtllrg3w5dul7dg2tp2vsy2ftxm
• noble12rt0mgzsuqsnm2klsexdnry0zfkyvdmm9c9acy7949g5hrf6kgasql8zxy

Operations: Operational committee

• osmo13w39u0fjv65zshm6xq54mme5nuyg552crf5adjygydelw5htx6pqyyx3ey
• noble1e0yrkugktc4av38ms5esd5qrpsgg4jwztfp0nhktpt22g26jmaeq7y4222

Strategy: Strategy Committee

• cosmos1gs5595tkkvgr7vjc48vl9dv99pw7m6055lql4xrm0evwqa90pa7qtkm26j
• osmo1d2cjl6k99yk4np5h97a4trxx5x2cnq9n6l2fmmu408agxltcpqaqp972k4

SubDAO addresses:

• Grants SubDAO on DAODAO/Neutron
• Operational SubDAO on DAODAO/Neutron
• Strategy SubDAO on DAODAO/Neutron
• Oversight SubDAO on DAODAO/Neutron

The primary wallets on Neutron are linked to sub-accounts on Noble, Osmosis, and ATOM (Cosmos).

A. Balance Sheet

1. Main and Strategy Wallets

1. Operational Wallets

B. Income Statement

1. DaoDao Main Wallets

1. DaoDao Operational Wallets

C. Cash Flow Statement

1. Strategy Wallets

1. Main Wallets

1. Operational Wallets

Oversight

Clarifying “Sunset”: What It Is and What It’s Not

On November 15, 2024, AADAO contributors made a public statement about their decision to “sunset” the DAO.

The terminology used in their communications led to confusion regarding the AADAO’s operational status. The term “sunset” was intended to signal the end of new grant application reviews as of November 29, 2024. This language, combined with select contributors’ departures, led to the incorrect implied impression that the DAO itself was ending operations.

The DAO has not ended; it’s active.

The mandate of AADAO entails more than the mere issuance of grants; it encompasses venture oversight, grant oversight, and program administration and closure.

As of January 1, 2025, the DAO transitioned into a “maintenance mode” phase; a shift to a leaner team with reduced working hours. Two grant reviewers, an operations associate, and a venture lead perform these responsibilities under revised full-time equivalent (FTE) arrangements.

As of this writing, the team continues to actively oversee 31 active grants, 18 of which were approved in the final two months of Q4 2024, representing a total committed funding amount of $1,697,132.

Concerns

Sunsetting AADAO: Legitimacy, Risk, and the Governance Imperative

The DAO did not originate through contributor consensus, and it cannot be extinguished by it.

AADAO was established through Cosmos Hub governance. Accordingly, only Hub governance can amend, deprecate, or dissolve its mandate and structure. Contributors, regardless of unanimity, cannot unilaterally end the organization. A vote among contributors to “sunset” the DAO may reflect their intention to resign, but it carries no procedural legitimacy to deprecate the DAO form and its operations.

Allowing contributors to improperly dissolve AADAO suggests that community pool assets were handed over to a centralized entity capable of overriding governance. This undermines Hub sovereignty and potentially invites trouble the day some extra regulatory scrutiny arrives; while negating the investments made into establishing compliant protocols.

Simply closing out active grants does not conclude AADAO’s obligations. The DAO has executed nine investment agreements and deployed over $1.7 million in venture capital. The agreements require ongoing oversight, reporting, and delegated fiduciary duties.

The remaining core contributors must submit an on-chain governance proposal to the Cosmos Hub to responsibly wind down operations. This proposal should:

• Make clear the phased structured drawdown of the organization;

• Specify how Lemma Ltd., AADAO’s BVI Trustee, will continue to manage venture investments;

• Acknowledge that any intellectual, financial, legal, strategic, and structural assets created or held by AADAO are the property of the Cosmos Hub, with their disposition subject to governance’s direction only.

It must also be clearly stated that while contributors were granted limited autonomy to administer their mandates, such autonomy does not extend to discretionary termination it.

Should it end, the ending must be done the right way. “All’s well that ends well.”

Legal Wrapper & Transition Considerations

In July 2024, AADAO established a Guernsey Non-Charitable Special Purpose Trust (NSPT). The Trust was paired with a British Virgin Islands (BVI)-based trustee.

The rationale for this structure: allow AADAO to preserve its decentralized mandate while interfacing credibly with off-chain legal and financial systems. As a governance instrument, it provides a legal form, offers regulatory legitimacy, tax efficiency, and operational flexibility.

In December 2024, I recommended that the Strategy Committee formally affirm the following: if Cosmos Hub governance chooses to appoint a successor to AADAO, the Trust should be made available to such Hub governance authorized successor. The committee formally agreed. Their position was grounded in the understanding that the legal wrapper was established using public funds and belongs to the Hub; rather than to any members of the former or current contributing team.

Creating an entity, complete with establishment documents, compliance protocols, and governance scaffolding, requires time and money. It would be wasteful and strategically short-sighted to discard a well-structured legal form when it can be repurposed for future Hub-aligned teams and initiatives.

This decision ensures that AADAO’s legal infrastructure remains a stewardable asset of the Cosmos Hub, available for future use with governance approval.

AADAO’s Guernsey Purpose Trust Deed can be found here.

Governance Structure & Required Reforms

Legal Entity Selection & Contributor Liability

While the Guernsey NSPT with a BVI-based trustee offers a credible bridge between decentralized governance and traditional legal frameworks, it’s not without shortcomings, particularly regarding liability protection.

Unlike Cayman Foundation Companies or Wyoming DAO LLCs, Guernsey NSPTs do not provide statutory limited liability for trustees or contributors. Trustee liability is limited to trust assets. Individual trustees and delegates face personal exposure, especially without supplemental legal protections.

This structural vulnerability became materially real when a former contributor threatened legal action against core DAO members following a termination dispute. AADAO does not have indemnification policies, insurance protections, or formal Service Level Agreements (SLA); these gaps amplified legal exposure and contributor risk.

These deficiencies stemmed not from the legal wrapper but from AADAO’s failure to implement proper contractual and governance protections.

If the Guernsey NSPT framework is retained by any future entity, liability safeguards such as indemnification clauses, contributor SLAs, or insurance must be established from the outset.

DAO Governance & Internal Controls

Legal form alone does not confer legitimacy.

A functional DAO must build its legitimacy and defensibility on clear, enforceable governance rules.

However, AADAO has struggled on this front. During my tenure, I proposed several internal control improvements, none of which were formally adopted by the Strategy Committee.

Key gaps include:

• Charter deficiencies: The Charter lacks adequate clarity on the scope of its so-called “limited autonomy.”
• Incomplete Bylaws

• Lack of standardized operational protocols, including:

  • Contributor onboarding and offboarding
  • Clear and auditable milestone frameworks tied to disbursements (currently inconsistent across grant types)
  • Conflict-of-interest policies
  • Compliance, reporting, and monitoring requirements
  • Dispute resolution and audit enforcement mechanisms

Absence of Standardized Grant Agreements

One of the most significant control deficits within AADAO is the absence of formal grant agreements between the DAO and its grantees. This essential operational safeguard was not merely overlooked but repeatedly deprioritized.

The elected Oversight member has strongly recommended implementing standardized agreements.

This omission introduces legal, financial, and compliance risks for current and former contributors, particularly given the DAO’s significant disbursements. At this stage, the consequences of that omission should be acknowledged and remediated where possible.

Team Changes

Oversight

Departure:
Patricia Mizuki, Financial Controller
Resigned: January 17, 2024

Addition:
Matt, Brown, Financial Controller
Onboarded: January 28, 2024

Details pertaining to the hiring process can be found here.

Core DAO

Departures:

Effective December 31, 2024, the following individuals concluded their roles at AADAO:

• Syed Choudhury – Marketing & Communications Lead

• Ryan Orr – Strategy Committee Member & Co-Founder

• Carter Woetzel – Strategy Committee Member

• Reena Shtedle – Grants Reviewer & Operations Committee Member

• Malek – Governance Specialist

Full-Time Equivalent (FTE) Adjustments

As of January 1, 2025, the following changes to FTE status have taken effect:

• “Joni” – Grants Reviewer: reduced from 100% to 40% FTE

• Mark Dencker – Grants Lead: reduced from 100% to 40% FTE

• Jordan Andrews – Ventures Lead: reduced from 100% to 40% FTE

• Delisse Gamboa – Operations Associate: reduced from 100% to 40% FTE

Team Compensation – “Maintenance Mode”

**Salaries and wages only*

Role	FTE%	Monthly Compensation
Grants, Reviewer	40	$3,500
Operations Coordinator	40	$2,200
Venture Specialist	40	$3,520
Grants, Lead	40	$3,520
Oversight – Financial Controller	20-35	$2,400 – $4,200
Oversight – Elected Member	20-35	$2,400 – $4,200
Incidental	–	$675

Scenario	Total Wages
Minimum	$18,215
Maximum	$21,815

For context, the total monthly overhead for salaries and wages from January to August 2024 was **$79,560.*

Payments

Venture Payments

09/17/24: Venture Grant #4, $88,000 of $100,000 (Recipient to be announced)

09/17/24: Venture Grant, $100,000 (Recipient is Shaga)

11/11/24: Undisclosed Venture Grant, $49,989.87 (Recipient to be announced) The full amount for this Venture Grant is $50,000. A test transaction of $10.13 was sent prior to confirm functionality.

12/16/24: Venture Grant, $100,000 (Recipient to be announced)

12/23/24: Venture Grant, $250,000 (Recipient to be announced)

Grants Payments

10/03/24: Ludium – Developer Activation in South Korea, $10,000 (Final Payment)

10/03/24: Cosmos Hub Testnet Incentive Program, $20,000 (Milestone Payment)

10/03/24: Asteroid Protocol, $27,750 (Milestone Payment)

10/14/24: Everstake Airdrop Tracker – Spelldrop, $15,878 (Milestone Payment)

10/14/24: Cosmos Hub as Co-Host of FlixFest 2024, $6,000 (Full Payment)

10/14/24: Marketing Videos for the Cosmos Hub, $12,000 (Initial Payment)

10/14/24: Cosmos Hub @ DevCon 7, $29,454 (Full Payment)

10/14/24: Astrovault to Neutron, $66,000 (Milestone Payment)

10/20/24: Archive Node for Cosmos Hub (Initial Payment)

11/01/24: Passage, SuperCharging ATOM Use-Cases in the Metaverse, $30,000 (Initial Payment)

11/09/24: Cosmos Hub Security Audit, $25,000 (Initial Payment)

11/18/24: Cosmoverse 2024, $20,000 (Final Payment)

11/18/24: Developer Activation in South Korea – Hackathon, $2,000 (Final Payment)

11/18/24: Spellwallet, $5,000 (Full Payment)

11/18/24: Messari, $20,000 (Final Payment)

12/16/24: Asteroid Protocol, $11,250 (Milestone Payment)

12/16/24: Cosmos Hub Testnet, $20,000 (Final Payment)

12/16/24: ATOM Memes Competition, $1,500 (Initial Payment)

12/16/24: Binary Builders Tokenomics RFP, $34,500 (Final Payment)

12/16/24: Hackerhouse Barcelona, $14,820 (Final Payment)

12/16/24: Accelerate Brazil, $10,000 (Initial Payment)

12/16/24: Accelerate Nigeria, $10,000 (Initial Payment)

12/16/24: Leap Wallet: ATOM Gas Station, $50,000 (Final Payment)

12/16/24: Drip Module, $38,600 (Milestone Payment)

12/16/24: Pryzm: Supercharging Yield Optimization, $20,000 (Initial Payment)

12/16/24: Range Security for Hydro, $15,000 (Initial Payment)

12/16/24: Zephyrus for Hydro, $20,000 (Initial Payment)

12/16/24: Numia: Snapshot Service, $32,000 (Milestone Payment)

12/16/24: Atlas DAO, $10,000 (Full Payment)

12/16/24: Map of Zones, $45,600 (Initial Payment)

12/16/24: DoraHacks: Quadratic Funding, $80,000 (Milestone Payment)

12/16/24: Zellic: Hub Security Audits, $132,000 (Initial Payment)

12/16/24: Drops: Engagement Campaign, $6,000 (Final Payment)

12/23/24: Ludium: Developer Activation, $3,000 (Final Payment)

12/23/24: Marketing Videos for the Cosmos Hub, $3,500 (Milestone Payment)

12/23/24: Huggin: Community Activation, $10,000 (Initial Payment)

12/23/24: Margined Protocol for Hydro, $10,000 (Initial Payment)

12/23/24: Votion for Hydro, $25,000 (Initial Payment)

12/23/24: Fairblocks, $10,500 (Milestone Payment)

01/16/25: Passage, SuperCharging ATOM Use-Cases in the Metaverse, $10,000 (Milestone Payment)

01/20/25: Cosmos Hub Security Audit, $25,500 (Milestone Payment)

01/20/25: Ark Protocol, $40,000 (Initial Payment)

03/02/25: Numia: Snapshot Service, $7,500 (Milestone Payment)

03/02/25: Accelerate Nigeria, $6,000 (Milestone Payment)

03/02/25: ATOM Memes Competition, $2,000 (Final Payment)

03/31/25: Accelerate Brazil, $18,000 (Milestone Payment)

03/31/25: Accelerate Nigeria, $9,250 (Milestone Payment)

04/17/25: Zellic: Hub Security Audits, $176,000

04/17/25: Confio: CosmWasm, $80,000

The total amount disbursed for grant payments (initial, milestone, or final) from October 2024 through March 2025 is $1,276,602.

Hydro-related grants are being paid out more cautiously upfront compared to others.

Based on the above data for October–December 2024 payments:

• Hydro-related grants had an average frontloaded disbursement ratio of ~27.3%
• Non-Hydro grants had a much higher average frontloaded disbursement ratio of ~53.9%

Grants

Grants Summary

As of November 29, 2024, AADAO halted the review of new grant applications, with the exception of critical proposals requiring consideration.

Between October and December 2024, $1,899,086 in unique grants was approved. An additional $587,989.87 was deployed for venture grants, bringing the total funding approved during this period to $2,487,075.87

Hydro

Out of the $1,899,086 grant authorizations during this reporting period, $417,882 was allocated to Hydro-related initiatives, representing 23% of all funds approved.

Hydro is funded across the entire stack, including infrastructure, security, integrations, governance tooling, and user-facing applications:

• Protocol-level enhancements (e.g., Hydro Ecosystem Integrations – $75K)

• Front-end & UX tools (e.g., Zephyrus, Votion)

• Security & monitoring infrastructure (e.g., Range Security – $95K; Immunefi – $57K)

• Governance tooling (e.g., vote aggregators)

• Airdrop eligibility tooling (SpellDrop – $5K)

Why it’s Concerning:

The concurrent funding of Hydro through both AADAO and Cosmos Hub Proposal 986, totaling approximately $1.7M, accounted for nearly 57% of all grant capital deployed by the Hub in Q4 2024.

This level of capital concentration in a single initiative raises material concerns, particularly given the project’s governance structure. Hydro is controlled by a single team operating through a self-appointed committee, with unmitigated conflicts of interest.

Moreover, Informal Systems’ historical deficiencies in fiscal discipline and transparency underscore the single-project exposure risk, here.

Marketing

Q4 2024 marketing grants aim to seed localized developer ecosystems in critical markets, but absent longitudinal tracking or outcome metrics, it isn’t easy to measure ROI.

The funding of memes, events, video campaigns, and regional dev rel lacks unified messaging across campaigns. Marketing grantees operate in isolation, possibly reducing network effects and ATOM brand coherence.

Grant Approvals by Category: Overview

Category	Total Spend (USD)
Venture Grants	$587,989.87
Interchain Security	$582,882
Cross-Ecosystem Collaboration	$350,000
ATOM as Interchain Money	$295,000
Interchain Data	$285,000
ATOM Zone Build-Out	$146,000
Marketing, Growth & Developer Experience	$141,204
Interchain NFTs	$80,000
Infrastructure & Tooling	$12,000
Interchain Public Goods	$5,000
Hydro-Related	$417,882

Monthly Grant Approval Activity

Twenty-six grants were approved between October and December 2024, with a combined funding of $1,899,086. These months account for the highest volume and value of grant approvals overall. Approvals spiked in December with 10 grants totaling $1.22M, a 160% increase over November.

This end-of-mandate acceleration is common for “use-it-or-lose-it” grant-making dynamics. While typical, the internal pressure to rapidly deploy capital raises the risk of rushed approvals and insufficient diligence.

“Grants Approved” = number of unique grants approved per month

“Total USD Approved” = sum of USD allocated to those grants in that month

Month	Grants Approved	Total USD Approved
July	2	$134,500
August	4	$303,213
September	1	$12,000
October	8	$201,954
November	8	$473,250
December	10	$1,223,882

Grants Approved

Note: The grant summaries below are based on internal documents and public updates from the Grants subDAO team. They are not formal evaluations by the Oversight Committee.

Oversight plays a limited and reactive role in grants. It does not review applications or select grantees but may intervene to pause or terminate grants if serious concerns arise, such as evidence of misconduct or mismanagement. In rare cases, it may assess a prospective grantee before funding, though this is not standard practice.

Grant selection and evaluation remain the responsibility of the Grants subDAO.

The following list covers grants issued since Transparency Report #8.

ATOM Memes Competition

Agent Kwosh
Category: Marketing Growth & Developer Experience

Date Approved: 2 Oct 2024
Amount Requested: $3500
Amount Approved: $3500
Status: Complete

Description: ATOM1KLFG is a meme-driven marketing token designed to promote ATOM within the Atom Economic Zone, launched on Neutron in March 2024. Inspired by the community rallying cry “ATOM to 1K, LFG!” — a fun way to drive ATOM awareness.

Links:
www.atom1klfg.com
x.com/atom1klfg
t.me/ATOM1KLFG_chat
github.com/bigp2519

Cosmos Hub as Co-Host of FlixFest 2024

Sistla Abhishek, Omniflix

Category: Marketing, Growth & Developer Experience
Date Approved: 2 Oct 2024
Amount Requested: $8,000
Amount Approved: $6,000
Status: Complete

Description: Cosmos Hub’s co-hosting of Flixfest 2024, a flagship side event of Cosmoverse, organized by Omniflix. Flixfest is a vibrant annual gathering of Cosmos appchain communities, developers, and projects. In addition to the Hub (via AADAO), event sponsors and partners include Osmosis, Huginn Stake, Inter Protocol, StreamSwap, Stakecito, Arka Protocol, PostHuman, and Mad Scientists.

Marketing Videos for the Cosmos Hub

Sistla Abhishek, Omniflix

Category: Marketing, Growth & Developer Experience
Date Approved: 8 Oct 202
Amount Requested: $25,000
Amount Approved: $20,000
Status: In Progress

Description: This engagement will produce approximately 98 videos for the Cosmos Hub, recorded during Cosmoverse as a centralized content-gathering initiative. Originating from an RFP, the “Why Build on the Cosmos Hub” video series will aim to promote the Atom Economic Zone (AEZ) to developers and projects.

The content will include both long and short-form videos, to be distributed across the Hub’s digital channels and through OmniFlix.tv. Deliverables will include around 98 produced videos, 80+ unedited clips, and B-roll, with an average cost of $189 per video (or $104 per video when including unedited content).

Cosmos Hub @ DevCon 7

Yuni Graham, Milky Way Events LLC (dba Miwa Events)

Category: Marketing, Growth & Developer Experience
Date Approved: 8 Oct 2024
Amount Requested: $36,841.58
Amount Approved: $29,454
Status: Completed

Description: Funding will support the organization of a Cosmos Hub side-event at DevCon on November 11, 2024, in Thailand, scheduled from 2–11 PM. The event will focus on engaging developers from both the Ethereum and Cosmos ecosystems, building on the success of the Cosmos Hub @ EthCC Brussels event, which attracted over 250 attendees.

Archive Node for Cosmos Hub

Crypto Crew

Category: Infrastructure & Tooling
Date Approved: 8 Oct 2024
Amount Requested: $12,000
Amount Approved: $12,000
Status: In Progress

Description: Funding will support the setup and maintenance of a public archive node for the Cosmos Hub, providing complete, verifiable blockchain data from Genesis. The node will assist developers, researchers, and integrators who rely on full chain history for app development, auditing, and analysis. It addresses a critical infrastructure gap by offering consistent, reliable access, which has previously been fragmented or voluntary.

Spell Wallet – Bringing New ATOM Stakers to the Cosmos Hub

Everstake

Category: Marketing, Growth & Developer Experience
Date Approved: 16 Oct 2024
Amount Requested: $5,000
Amount Approved: $5,000
Status: Discontinued

Description: Due to unforeseen circumstances, Everstake is no longer able to proceed with deploying ATOM trial staking on the Spell Telegram Wallet as proposed. After exploring alternative paths, the decision was made to discontinue the grant. Grantee returned the disbursed funds.

Supercharging ATOM Use-Cases in the Metaverse

Lex Avellino, Passage

Category: ATOM as Interchain Money
Date Approved: 9 Oct 2024
Amount Requested: $100,000
Amount Approved: $75,000
Status: In Progress

Description: This grant supports the integration of $ATOM as a currency within the Passage metaverse and marketplace. It will facilitate the launch of three exclusive 3D avatar collections, available only through a special $ATOM mint event. These assets will be introduced in the Cosmos Community Hub world, alongside an $ATOM-powered mini-game called the ATOM Arcade.

Cosmos Hub Security Audit

Sarah Johnstone, Zellic

Category: ATOM Zone Build-Out
Date Approved: 21 Oct 2024
Amount Requested: $52,500
Amount Approved: $51,000
Status: Complete

Description: This grant supports Zellic in conducting a comprehensive security audit of the Cosmos Hub Liquid Staking Module.

Supercharging Yield Optimization

Pryzm Zone/Refracted Labs

Category: ATOM as Interchain Money
Date Approved: 05 Nov 2024
Amount Requested: $390,000
Amount Approved: $50,000
Status: In Progress

Description: Revised from $390,000 to $50,000 with specific milestones, will fund the launch of initiatives like the Pryzm Photons Campaign and Yield Launch Platform to increase daily users, trading volume, and TVL. By expanding ATOM’s involvement in yield trading and user engagement, Pryzm seeks to improve utility and adoption within the Hub and AEZ.

Accelerate Brazil 2.0

Brasa Labs

Category: Marketing, Growth & Developer Experience
Date Approved: 12 Nov 2024
Amount Requested: $45,000
Amount Approved: $35,000
Status: In Progress

Description: This 5-month partnership with Brasa Labs aims to expand the Hub’s presence in Brazil, in response to the country’s growing demand for blockchain solutions. The program will focus on Rio de Janeiro, Minas Gerais, and Curitiba, engaging 50–100 developers through:

• An open-source educational library on Cosmos

• Nine technical workshops on the Interchain Stack, Interchain Security, and AEZ

• Support for 3–6 ATOM-focused startup teams, culminating in a Demo Day

In collaboration with local universities and accelerators, this initiative builds on Brasa Labs’ previous work under the 2023 Cosmos Brazil grant.

Cosmos Hub Nigeria

Cosmos Nigeria/Popeblack

Category: Marketing, Growth & Developer Experience
Date Approved: 19 Nov 2024
Amount Requested: $28,250
Amount Approved: $27,250
Status: In Progress

Description: The purpose is to accelerate the Cosmos Hub and AEZ’s presence in Nigeria’s rapidly expanding web3 ecosystem. This 5-month initiative targets the country’s growing developer community. With over 13 million crypto users and $59B in transaction volume (Jul’23–Jun’24), Nigeria ranks second globally in crypto adoption and is advancing blockchain integration through its National Blockchain Policy.

Target: Lagos, Abuja, and one additional region, engaging 200 developers.

Cosmos Hub Testnet Incentive Program – Renewal (2025 H1)

Hypha Co-op

Category: Interchain Security
Date Approved: 19 Nov 2024
Amount Requested: $90,000
Amount Approved: $85,000
Status: In Progress

Description: The Cosmos Hub testnet functions as a training and testing environment for validators and consumer chains, allowing new features to be trialed before mainnet deployment. This grant extends the Cosmos Hub Testnet Incentive Program through June 2025.

The program, originally launched with AADAO’s support in 2023, and offers incentives to validators who participate in testnet activities. These include practicing chain launches, sovereign-to-consumer transitions, and offboarding procedures; key operations that benefit from early testing and reduce the risk of mainnet disruptions.

Broad participation improves test coverage, helps identify bugs under realistic conditions, and prepares validators for upcoming changes. As the Hub’s validator set underpins its role in Interchain Security (ICS), the program supports both network reliability and the long-term functionality of ATOM.

Range Security for Hydro

Range Security

Category: ATOM Zone Build-Out/Hydro
Date Approved: 27 Nov 2024
Amount Requested: $95,000
Amount Approved: $95,000
Status: In Progress

Description: To strengthen security around Hydro’s deployment of Cosmos Hub funds, this grant funds the development of a dedicated monitoring and threat detection system. Designed to safeguard ATOM-based assets across Hydro’s multi-chain architecture, the system will feature real-time alerts, automated incident response, a public Telegram update channel, and rate limit analytics to reinforce risk management. It will also integrate the Cosmos Hub into the IBC Workbench, enabling improved visibility into asset flows and network activity. All components will be supported and maintained over a 15-month period.

Zephyrus: Vote Aggregator for Hydro

Moonkit Labs

Category: ATOM as Interchain Money/Hydro
Date Approved: 27 Nov 2024
Amount Requested: $250,000
Amount Approved: $85,000
Status: In Progress

Description: Zephyrus enables users to deposit LSM shares, earn Hydro yield alongside staking rewards, and delegate voting to strategists, while retaining the flexibility to exit positions at any time.

The platform emphasizes ease of use, capital recovery, and customizable delegation, allowing users to participate in Hydro’s DeFi ecosystem without managing votes manually. It also creates new opportunities for strategists, including individuals, DAOs, and smart contracts to offer voting strategies in exchange for a small commission. This grant allocates $50,000 for development and up to $35,000 for auditing, for a secure and accessible launch.

Atlas DAO: ATOM for NFT Trades & Loans

Atlas DAO

Category: ATOM as Interchain Money
Date Approved: 27 Nov 2024
Amount Requested: $10,000
Amount Approved: $10,000
Status: In Progress

Description: Atlas DAO 2.0 is an NFT aggregator and NFT-fi platform that enables users to buy, sell, and mint NFTs directly with ATOM. The platform will also introduce features such as NFT-collateralized lending and a permissionless raffle system, both denominated in ATOM. In addition to product development, the grant will fund marketing initiatives and user adoption incentives to help scale platform usage and increase ATOM utility within the NFT ecosystem.

Map of Zones: Comprehensive TVL & Flow Analytics

Map of Zones

Category: Interchain Data
Date Approved: 27 Nov 2024
Amount Requested: $250,000
Amount Approved: $85,000
Status: In Progress

Description: This grant funds the development of Interchain Insights by Map of Zones, an analytics platform aimed at improving visibility into ATOM’s function within the broader IBC ecosystem. The platform will introduce two core tools: an ATOM Interchain TVL Dashboard and an ATOM Bridging Flow Visualization and Heatmap. Together, these components will enable users to monitor the movement, deployment, and utility of ATOM across Cosmos chains and decentralized finance applications. The initiative addresses a longstanding gap in ecosystem-wide data transparency.

Security Audits for the Cosmos Hub

Category: Interchain Security
Date Approved: 03 Dec 2024
Amount Requested: $500,000
Amount Approved: $440,000
Status: In Progress

Description: This grant engages Zellic as a long-term security audit partner for the Cosmos Hub, based on an RFP issued by AADAO to improve the consistency and coverage of audits across core features and dependencies. Over a 24-month period beginning in H1 2025, Zellic will audit Cosmos Hub upgrades and critical components such as Gaia, CosmWasm, and the Cosmos SDK, in coordination with the Interchain Labs Hub engineering team.

Zellic brings prior experience auditing key Hub features, including Permissionless ICS, the Inactive Validator Set, and the Liquid Staking Module. The grant funds a 20 audit-week contract at a cost 20% lower than historical averages, with unused audit weeks rolling over throughout the duration of the agreement.

In addition to full audits, Zellic will perform differential audits (“diff-audits”) on future dependency version updates to maintain continuous security oversight.

ATOM Community Activation in Istanbul

Huginn Tech

Category: Marketing, Growth & Developer Experience
Date Approved: 10 Dec 2024
Amount Requested: $16,000
Amount Approved: $16,000
Status: In Progress

Description: Huginn will organize 12 monthly Cosmos Hub community meetups in Istanbul. The events are designed to connect existing Cosmos users, developers, and newcomers, with a focus on onboarding and education. Each session will include hands-on guidance for creating wallets, receiving ATOM, and using core features such as staking, governance, token swaps, and the Hydro platform. The initiative targets one of the most crypto-active regions globally, aiming to build sustained grassroots participation.

Margined Protocol for Hydro

Category: Cross-Ecosystem Collaboration/Hydro

Date Approved: 17 Dec 2024
Amount Requested: $50,000
Amount Approved: $50,000
Status: In Progress

Description: This grant supports Margined Protocol in developing a “delta-neutral liquidity provisioning framework” to reduce risks like impermanent loss and price volatility. The system allows users to deposit assets into vaults that provide liquidity to selected pools while simultaneously executing automated hedging strategies to maintain a more neutral exposure. The goal is to offer a more stable and risk-adjusted approach to liquidity provisioning.

Votion: Hydro Vote Aggregator

Category: Cross-Ecosystem Collaboration/Hydro
Date Approved: 17 Dec 2024
Amount Requested: $50,000
Amount Approved: $50,000
Status: In Progress

Description: Votion is a decentralized vote aggregator designed to streamline governance participation for ATOM holders using Hydro. The platform allows users to deposit LSM shares, receive a tradable vATOM token, and have votes automatically cast on their behalf.

Key features include automated governance participation, auto-compounding of rewards, integration of vATOM into DeFi, and flexible unbonding options. The system architecture comprises a vote automation hub, staking proxies, and token management tools, accessible through a dashboard offering real-time metrics. The initiative targets locking $1 million in ATOM, aiming to boost governance engagement and capital efficiency.

Ark Protocol – Bootstrap Interchain NFTs

Tai (“Mr.T”), Ark Protocol

Category: Interchain NFTs
Date Approved: 10 Dec 2024
Amount Requested: $364,400
Amount Approved: $80,000
Status: Complete

Description: Development of interchain NFT contracts, aimed at improving cross-chain functionality and governance within the Cosmos Hub.

This grant will fund several initiatives, including a whitelist mint, an interchain launchpad, and integrations with marketplaces such as Asteroid, Superbolt, Stargaze, Talis, and Backbone Labs. These efforts are designed to enhance security, governance, and utility on the Hub, while also promoting community engagement and ecosystem growth.

The funding will also cover operational expenses related to NFT contracts, interchain bridges, and launchpad contracts, as well as infrastructure needs like relayers and DevOps support.

Immunefi: Robust Bug Bounty Program for Hydro

Hugo O., Immunefi

Category: Interchain Security/Hydro
Date Approved: 10 Dec 2024
Amount Requested: $64,773
Amount Approved: $57,882
Status: In Progress

Description: This grant establishes a fully managed bug bounty program for Hydro, operated by Immunefi. The program draws on a network of over 45,000 security researchers to detect and report vulnerabilities across Hydro’s smart contracts and applications. It includes continuous monitoring, triage, and mitigation review processes to support platform security.

Note: Immunefi’s expertise in Rust and Golang makes it well-suited for Cosmos-based systems. Hydro’s participation may help set a security benchmark for similar projects in the ecosystem.

CosmWasm Development & Maintenance

Simon Warta, Confio

Category: Cross-Ecosystem Collaboration
Date Approved: 10 Dec 2024
Amount Requested: $250,000
Amount Approved: $250,000
Status: In Progress

Description: Historically funded by the Interchain Foundation, CosmWasm’s lead developer Confio is receiving significantly reduced support for 2025, down to 23% of the previous year’s budget. While this AADAO grant does not cover the full shortfall, it extends CosmWasm maintenance by an additional two months.

The Cosmos Hub’s contribution matches Neutron’s, with appeals made to other ecosystem chains to provide additional support. While alternative VMs such as EVM, SVM, and MoveVM may gain traction in the future, CosmWasm remains essential in the short term. Continued support through 2025 is necessary to maintain application stability while the ecosystem explores and transitions to other virtual machines.

Hydro Ecosystem Integrations

Informal Systems

Category: ATOM as Interchain Money/Hydro

Date Approved: 17 Dec 2024
Amount Requested: $350,000
Amount Approved: $75,000
Status: In Progress

Description: This grant supports technical upgrades to Hydro, the Cosmos Hub’s decentralized liquidity management system. Key components include integrating Numia for data indexing and Valence for automating protocol-owned liquidity (PoL) operations. The updates are intended to improve transparency, scalability, and operational reliability for Hydro, with direct implications for ATOM holders and participating developers.

Advanced Cosmos Hub Analytics Powered by Token Terminal

Token Terminal

Category: Interchain Data
Date Approved: 18 Dec 2024
Amount Requested: $400,000
Amount Approved: $200,000
Status: In Progress

Description: The initiative supports Cosmos’s long-term vision of building transparent, decentralized systems by integrating with a trusted analytics provider recognized across the industry. The collaboration would provide the Cosmos ecosystem with access to Token Terminal’s analytics infrastructure, offering in-depth metrics on project performance and blockchain fundamentals.

Hydro ATOM Airdrops

Vadim K., Everstake/Spelldrop

Category: Interchain Public Goods/Hydro
Date Approved: 23 Dec 2024
Amount Requested: $14,100
Amount Approved: $5,000
Status: In Progress

Description: Development of an airdrop eligibility tool is being funded to improve transparency and user experience for Hydro participants. Integrated into the SpellDrop explorer (https://spelldrop.xyz/), the tool will provide ATOM stakers using Hydro with real-time information about their eligibility for airdrops across the Cosmos ecosystem.

Objectives:

• Allow users who lock ATOM via Hydro and hold Liquid Shares to instantly check potential airdrop allocations.

• Align eligibility criteria with the claim processes defined by specific Cosmos-based projects.

Grants Discontinued

During the maintenance phase, the Grants team elected to discontinue several grants approved under the 2023 mandate and earlier 2024 batches. In select cases, grantees voluntarily returned funds, either partially or in full.

Relevant transaction records are linked below.

****Recapture***: reclaiming of disbursed funds
****Closeout*** (with Balance Return): discontinued grant with unspent funds returned

Cosmos Millions

Lum Network

Category: ATOM Zone Build-Out
Date Approved: 04 May 2023
Amount Requested: $100,000
Amount Approved: $100,000
Status: Discontinued
Recapture: 9,494 ATOM returned on 03 Feb 2025.

Cosmos SDK Auction Module

Lauren Gallinaro, Binary Builders
Sam Ricotta, Binary Builders

Category: Interchain Public Goods
Date Approved: 26 Jun 2023
Amount Requested: $180,000
Amount Approved: $150,000
Status: Discontinued
Recapture: 9753.0008 ATOM returned on 17 Dec 2024

Calc Finance: Automated, Streamed Payments for AEZ DAOs

Category: Infra & Tooling
Date Approved: 02 Nov 2023
Amount Requested: $90,733
Amount Approved: $90,733
Status: Discontinued
Recapture/Closeout: Pending

DRIP Module

Daniel Harapko
Noam Cohen, Binary Builders
Aleksander Dziki
Nikita Pashov, Citadel

Category: ATOM Zone Build-Out
Date Approved: 28 Aug 2024
Amount Requested: $246,154
Amount Approved: $246,154
Status: Discontinued

This grant has been paused following the disbursement of the third milestone payment. The fourth payment, totaling $87,400, will be withheld pending further clarification from Interchain Labs (ICL).

Fairblocks

Category: Applied R&D
Date Approved: 2 Jun 2023
Amount Requested: $130,000
Amount Approved: $130,000
Status: Discontinued
Recapture/Closeout: Pending

Evmos

Federico “Fede” Kunze, Evmos

Category: Interchain Security
Date Approved: 27 Nov 2024
Amount Requested: $14,000
Amount Approved: $14,000
Status: Discontinued

No funds were disbursed; the grant was discontinued shortly after approval.

Ventures

**Below is not prepared by Oversight*

Ventures Summary

Executed Investments:

• Number of investment agreements: 9
• Total deployed capital: $1.5m (as shown on ATOM Accelerator’s website)

Approved Investments:

• Number of startups: 13
• Total approved amount: $1.7m

The following investment agreements were executed by AADAO as of June 2024. Additional agreements exist but cannot be disclosed due to confidentiality provisions and active NDAs.

Vesting schedules for funded teams are typically communicated at the discretion of the project themselves, and are subject to change over time; similar to token generation event (TGE) timelines.

For this reason, AADAO does not publish vesting details, as doing so may create confusion or rely on outdated information.

That said, most projects follow broadly accepted industry norms. In general, vesting structures often include a 6 to 12 month cliff followed by a 12 to 24 month vesting period. Some projects may have no cliff, depending on their tokenomics, distribution, and go-to-market strategy.

• Elys Network – DeFi L1, Cosmos SDK, Interchain Security
  Twitter/X: https://x.com/elys_network/
  Blogpost: https://www.atomaccelerator.com/grants/elys-network/

• Union Labs – L1, Cosmos SDK, zk interoperability
  Twitter/X: https://x.com/union_build/
  Blogpost: https://www.atomaccelerator.com/grants/union-labs/

• Plaza Finance – DeFi, programmable derivatives
  Twitter/X: https://x.com/plaza_finance/
  Blogpost: https://www.atomaccelerator.com/grants/plaza-finance/

• Drop Protocol – DeFi, interchain & altVM liquid staking
  Twitter/X: https://x.com/dropdotmoney/
  Blogpost: https://www.atomaccelerator.com/grants/drop-protocol/

• Shaga – DePIN cloud gaming, cross-chain listing on Cosmos via IBC Eureka
  Twitter/X: https://x.com/playonshaga/
  Blogpost: https://www.atomaccelerator.com/grants/shaga/

• Sphinx – L1, Cosmos SDK, Interchain Security, for RWAs & onchain commodities trading
  Twitter/X: https://x.com/SphinxProtocol/
  Blogpost: https://www.atomaccelerator.com/grants/sphinx/

• Venture Funding #7 – wallet
  Blogpost: https://www.atomaccelerator.com/grants/venture-funding-7/

• Venture Funding #8 – L1 & IBC light client
  Blogpost: https://www.atomaccelerator.com/grants/venture-funding-8/

• Venture Funding #9 – Transmedia IP
  Blogpost: https://www.atomaccelerator.com/grants/venture-funding-9/

Ventures Update

From ATOM Accelerator’s Ventures Lead, Jordan Andrews:

“We’re thrilled to share exciting developments in our latest transparency report. Interchain Foundation (ICF) recently acquired the Skip Protocol team, forming the new Interchain Labs (ICL) to bring new leadership for Cosmos. This move consolidates product development, engineering, ecosystem growth, and marketing across the whole interchain tech stack—previously spread across multiple funded teams—into a single, streamlined unit. This unified approach enhances efficiency and alignment, marking a significant milestone for the Cosmos ecosystem. For the first time in years, Cosmos Hub has strong, cohesive leadership driving its evolution.

A key announcement from the ICL side is Cosmos Hub’s transformation into an interoperability router for IBC Eureka, expanding its omnichain capabilities beyond the Cosmos ecosystem to connect all blockchains.

Additionally, there’s anticipation that ICL may introduce permissionless smart contracts to Cosmos Hub—a historic first—while Neutron prepares to graduate into its own sovereign Layer 1 with the Mercury upgrade. We congratulate the Neutron team and its community for their recent announcement. We hope to see continued collaboration between Neutron and Cosmos Hub via IBC Eureka, and usage of ATOM within Neutron’s DeFi ecosystem.

Equally exciting is the Cosmos Hub venture portfolio composition, piloted by ATOM Accelerator. Coincidentally designed with IBC’s expansion in mind, the portfolio is composed of web3 startups that foster cross-chain collaboration, including token listings tied to Cosmos Hub.

The ATOM Accelerator portfolio teams and their tokens can now leverage IBC Eureka, amplifying ICL’s mission to position Cosmos Hub as an interoperability hub. As ICL leads the charge, our past venture funding and ecosystem grants will complement their efforts to boost DeFi TVL natively on Cosmos Hub and increase transaction volume and velocity through IBC Eureka via Cosmos Hub’s interoperability router.”

Link: https://x.com/0xjordy/status/1905344609544495580/

Game On – Cosmos Hub’s Latest Venture Investment – Shaga

We recently announced an investment into Shaga, sharing the cap table alongside web3 greats such as Solana’s Anatoly Yakovenko, Helium’s Amir Haleem, and ATMTA, the developers of Star Atlas, Arca, Amber Group and others.

Link: https://x.com/ATOMAccelerator/status/1895140485326589956/

Why this matters for ATOM and the Cosmos Hub:

• IBC-powered cross-chain listings: AEZ projects can integrate with Shaga’s infrastructure, creating new developer and user opportunities. While Shaga can list their eventual token into Cosmos and Cosmos Hub, via IBC Eureka.

• Cosmos wallet compatibility: Shaga’s support for Cosmos-based wallets lets ATOM community access cutting-edge gaming seamlessly on any device.

• Boosted adoption: An interconnected Web3 gaming ecosystem drives broader adoption of both cloud gaming and Web3 tech.

Read further into this strategic decision and Shaga’s projected impact on Cosmos Hub: https://www.atomaccelerator.com/202503-game-on-cosmos-hub-supercharges-atoms-utility-with-strategic-shaga-investment/

As of publishing date, Shaga is officially live on Android and Windows, allowing users to experience the future of gaming firsthand – with iOS support coming soon. Be sure to follow Shaga’s journey as they continue to transform the gaming landscape.

Conclusion

This is the final transparency report for the 2024 mandate year.

Oversight will publish a review of CoreDAO expenditures related to in-person participation such as conferences and their associated costs on April 30th, via AADAO’s primary channels.

Additionally, CoreDAO will release its Annual Impact Report covering activities and expenditures for the 2024 fiscal year.