Hello, dear members of Elys network and the Cosmos HUB community,
Today, we are excited to share with you a partnership that is particularly significant for both Elys Network and the broader Cosmos ecosystem.
We're spotlighting the ATOM Accelerator DAO, an investor whose involvement is not just financial but deeply strategic and deeply involved with the wider Cosmos HUB community.
The Genesis and Goals of AADAO
ATOM Accelerator DAO (AADAO) is a community-driven fund that supports public goods, open-source projects, and initiatives that enhance the success, security, and innovation within the ATOM ecosystem. This fund was established following the community approval in the Cosmos Hub, with pivotal proposals in January 2023 (#95) and December 2023 (#865). You can explore these proposals and their impacts via the following links:
AADAO’s mission aligns with driving value across the Cosmos ecosystem, focusing particularly on enhancing the utility and reach of the ATOM token through comprehensive business development, community engagement, and strategic funding.
Why AADAO and Elys Network Are Natural Partners
From AADAO's perspective, their commitment to fostering growth within the Cosmos ecosystem makes partnering with emerging projects like Elys Network a strategic imperative.
Elys Network's upcoming transition to one of the first ICS V2 chains and its contributions to the Atom Economic Zone (AEZ) highlight the natural synergy between the two entities.
From Elys Network’s viewpoint, integration into the AEZ is a strategic move aimed at harnessing collective strengths and fostering ecosystem-wide benefits. The technical and collaborative advantages of this integration are detailed further in our dedicated Mirror article :
Terms of the Partnership
The partnership between AADAO and Elys Network is structured to mutually benefit both entities and the broader Cosmos community:
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Community Pool Contributions: 80% of tokens from AADAO’s investment are directed straight into the Cosmos Hub’s community pool aimed at both increasing the value of and diversifying the composition of assets within it. The remaining 20% will be managed by AADAO to support their grants, venture grants and quadratic funding programs, to further drive value to the Cosmos Hub.
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Utility Enhancements: ATOM has been integrated as the main gas token within Elys Network, already active on our testnet, underlining our deep desire for ATOM integration.
This strategic alignment is designed not just to boost Elys Network’s growth but also to strengthen the community pool of the Cosmos Hub.
Looking Forward
We are profoundly grateful to the AADAO team for their support and enthusiasm. Their involvement not only propels Elys Network forward as a pioneering Unified All-In-One PerpDEX in the AEZ but also exemplifies the power of strategic collaboration within the Cosmos ecosystem.
Our sole aim is to ensure that Elys network not only grows, but makes a significant contribution to the expansion and success of the Cosmos ecosystem.
Thank you for your ongoing support and interest in our journey. We are just getting started, and with partners like AADAO, the future looks incredibly bright.