Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Amount Asked: $47,000
Status: Rejected

Colossus Staking Hub – Atom integration for Ledger

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Staking Hub IntroductionInstitutional investors face unique challenges in Proof-of-Stake (PoS) networks when using custody solutions like Ledger Enterprise. Limited PoS asset support in these platforms forces institutions to choose between participating in PoS or maintaining asset security through custody. at the moment Ledger Enterprise only support 5 Assets for staking:Ethereum, Polkadot, Polygon, Solana and TezosTo earn yield on their assets, Institutional clients need to put their asset at risk in the current scenario.

The staking hub supports multiple blockchains, providing extensive business opportunities for institutional clients. Users can monitor their staking activities, receive alerts, and engage in governance directly from the platform.

About Colossus Digital
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Colossus Digital boasts a leadership team comprising Founders and Managers with multiple decades of experience in technology, telecommunication and Big Four accounting firms. Our diverse team brings together a wealth of expertise, including Blockchain Developers, UX/UI Designers, and Marketing Professionals with specialized blockchain knowledge.

This combination of industry insight and technical proficiency enables us to deliver solutions in the rapidly evolving blockchain landscape.

Current Status: Rejected
Funding Program: Regular Grants
Funding Category: Infra & Tooling

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $47,000

Date Applied: Aug 29, 2024
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Oct 09, 2024 (5 weeks)

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