Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Willy
Amount Asked: $200,000
Status: Rejected

ShapeShift DAO – DeFi Interface

This page's content is auto-generated from the grant application based on the content the applicant gave consent to share. Since this application is still pending review or was rejected, the Atom Accelerator DAO is not endorsing or otherwise indicating support for this project. This page has been made public as part of our commitment to transparency. 

Building on our presence in the ecosystem, we hope to contribute value in three primary ways: product features, Zone integrations, and critical infrastructure.

Deliverables

– 3-Feature Set for ATOM in our app

– Squid Bridge integration

– Co-marketing efforts, including direct-to-wallet notifications.

Note: Should this proposal receive grant funding, the ATOM will not be sold. Instead, it will be delegated to the ShapeShift DAO validator.

Details

3-Feature Set for ATOM

– Voting

– Re/Delegation

– Auto compounding rewards

Note: Feature set can be replicated for any Cosmos Zone to extend functionality to their users (Zone Integrations).

ETH-ATOM Bridging via Squid/Axelar integration

Zone Integrations

– 3-Feature Set for ATOM (Voting, Re/Delegation, Auto compounding rewards)

– Free integration with our backend tech Unchained, and subsequent support on Arkeo Network

– Co-marketing support from ShapeShift DAO + our rewards program on DappBack

Critical Infrastructure

The Arkeo Network will be a Cosmos SDK-based project designed to offer decentralized data hosting as a service. It was incubated by the ShapeShift DAO as a means to fully decentralize our interface, and extend the same opportunity to other projects. Details about Arkeo can be found on our governance forum; the project is operating autonomously from the DAO and anticipates testnet in Q2 of this year.

Arkeo will offer an entirely new level of decentralization for any project or Cosmos Zone focused on censorship resistance. As a Cosmos-native project, Arkeo is in a unique position to offer services to the ecosystem, and will rely on the Unchained backend for node level data storage. ShapeShift DAO is prepared to offer full Unchained integration as a part of any partnership with Cosmos Zones, which will lay the groundwork for Arkeo validators to adopt their data on the network upon launch.

Team: Willy
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: ATOM as Interchain Money

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $200,000

Date Applied: Apr 03, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Apr 26, 2023 (3 weeks)

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