This repository serves as an unofficial yet comprehensive archive for the Atom Accelerator DAO's key activities, operations, and oversight mechanisms. It contains detailed historic information regarding the DAO's mandate, organizational structure, and funding categories, as well as records of contributors and grantees.
Additionally, this repository provides an overview of the Oversight Committee, including its composition, authority, and related activities. This ensures a transparent and accountable framework within the DAO, fostering trust and integrity in its governance and operational processes.
In accordance with her campaign promise to enhance transparency and monitoring capabilities for the key activities of the AADAO, the elected member of the Oversight Committee has created and maintains this repository. The primary objective of this repository is to provide the community with pertinent, accurate, and timely information, acknowledging that effective accountability is a collaborative endeavor between the core DAO contributors, Oversight members, and its community stakeholders.
For deatils regarding grant activities, please refer to the following section: grants
For details regarding venture investments, please refer to the following section: ventures
Following the contentious rejection of signaling Proposal #82: ATOM 2.0: A new vision for Cosmos Hub, the Cosmos Hub subsequently passed Proposal #88: Increase the Community Pool Tax on the Cosmos Hub - Parameter Change. Proposal #88 raised the community tax rate from 2% to 10%, with the stated objective of increasing inflows to the community pool to "support future funding initiatives that bring utility to the Cosmos Hub."
In this context of governance fatigue and increased community pool funds, the Atom Accelerator DAO (AADAO) was proposed and established via Proposal #95: A Grant Program for the Cosmos Hub: Funding the ATOM Accelerator DAO. Proposal #95, submitted as a community spend proposal, sought to create an inaugural mandate for the Atom Accelerator DAO (AADAO). This proposal successfully secured funding of 588,000 ATOM for the "ATOM Accelerator DAO Grant Program."
Having completed its pilot phase through Proposal #95, ATOM Accelerator DAO aimed to soldify its role as a strategic allocator of resources to drive innovation and development on the Cosmos Hub. On December 16th, 2023 Proposal #865: Funding ATOM Accelerator DAO (AADAO) renewal proposal went live on chain, the proposal sought 975,811 ATOM in funding for the next chapter, which included a bonus allocation of 100,000 ATOM. The renewal proposal #865 was passed on December 30th, 2023, which secured an increase in 65.95% ATOM from the previous year.
The DAO is split into two teams: the core DAO and the Oversight committee. Together the core members are responsible for program setup, review of proposals, interviewing of applicants, distribution of grants, and multisignature operations.
The oversight committee is responsible for ensuring the DAO operates efficiently and in the best interest of the Cosmos Hub by implementing policies and procedures, transparency reporting, and having oversight of internal operations. Oversight also has veto power to discontinue grants, and dismiss part-time/full-time contributors in the event of substantiated performance issues or severe misconduct.
For more on the history and composition of the core DAO, subDAO, and oversight committee members, please see team.
AADAO operates as a Guernsey Purpose Trust with a British Virgin Islands (BVI) Trustee.
Operations are governed by:
- Internal Protocols
- Code of Conduct
The Committee consists of:
Elected Member
Serves 18-month term; removable only through Cosmos Hub governance.
Non-elected Positions
Controller/Internal Auditor & Coordinator
The Oversight Committee will carry out the following duties:
- Provide oversight on the progress of the grant program, including, but not limited to, milestone payments;
- Preparation of the Transparency Reports for circulation to the ATOM community;
- Approve or reject (acting reasonably) the milestone payments connected to grants awarded by the Grant Committee;
- Request and direct the Strategy Committee to remove any member of AADAO on grounds of gross misconduct, unethical, or fraudulent behavior (see clause 5D Internal Protocols);
- Propose the dismissal of the GM, following the process listed in clause 5A.
- Adjudicate conflicts of interest that may from time to time arise in relation to any member performing responsibilities on behalf of AADAO.
Unless otherwise stated, decisions of the Oversight Committee shall be by resolution passed by a majority vote of members, subject to quorum. Each member shall have one vote within the Committee.
Grantees are individuals, organizations, or entities that receive funds, resources, or support from a grantor (such as a foundation, government agency, DAO, or other funding bodies) under the terms of a grant agreement. Grantees are typically required to use the funds or resources for specific purposes outlined in the grant agreement, and they often must report on their progress and outcomes to ensure compliance with the grant's objectives and requirements.
For more information on AADAO grantees in a given funding year, please follow the links provided:
Venture investments (aka "venture grants") deployed through AADAO offer a strategic and impactful way for the Cosmos Hub to support ecosystem growth, foster innovation, and align with its long-term objectives. By investing in early-stage projects and entrepreneurs, the Cosmos Hub will strengthen its position as a leader in decentralized infrastructure and drive sustainable value creation for its community and stakeholders.
The AADAO operates on two wallets: the main multi-signature wallet for grant delivery and a smaller multi-signature wallet for operational expenditures.
The main wallet is a 4 of 7 multisig: cosmos1jggracsvp6fkw0ktf544lpda6dwrrxggx9a20n
The operational wallet is a 2 of 3 multisig: cosmos14scyumpc9gw2p2py6ms06n4j9ejv650d0jx76v