OK waiting everyone to join
Yeah, Rob I have a question
I'm not able to connect from
Yeah that works so don't worry
and today we will dive into
the ADO Accelerator vision
and the new grant program
for everyone that hasn't been
around in the last two years
this is the second mandate
so we had a first mandate
added into this new mandate
and also into the new grant program
because there is probably a lot of
changes compared with the first
mandate so we will dive into this
Hey Rob thanks for having me
also from the ADO Accelerator
members of the ADO Accelerator
coming because I think there are
quite new members this year
so it will be great for the
community to meet them all in this space
start with an introduction
of the ADO Accelerator now
because actually it's basically
the first DAO that was elected
I think we also have Riley here
which we can bring up to speak as well
once again a grant focused
fully community owned DAO
and the hub accordingly in the
we have a clearer vision this
We have basically positioned
as one of the most trusted assets in crypto
main driver behind the value accrual of ADO
hub aligned organization so
and ADO would equal the hub
is really just to help secure
strengthening the developer ecosystem
much needed funding to support
between the hub's partners and the hub
Yusef take over from here
you've summarized it perfectly
add on this except that we have
so I'll let them share a quick word if they
want if so we can move to the next
Yes welcome Riley and Carter
with the side team so he's
definitely a friend for a while
Yusef feel free to introduce
yourself and also what is
your role in the atom accelerator
one of the founders of Stride here
I joined ADO strategy committee
one of the founders over at Shade Protocol
also had the honor to join
have helped with all things
kind of improving the grant process
internally, have been helping with
some of the hiring, business development
and high level strategies
and onboard kind of the next
and the opportunity to really turn Adam into
capital, it's such a trusted
asset, it's such a distributed asset
neutral assets in Cosmos I would say
is really embracing the interchain rails
and making it the most liquid
really big opportunity for
strong line up here and also
great Carter to have you there and also
Jonny you mentioned earlier that
to kind of be the main organization
value for Adam, so can you maybe
expand on some of these things and just
maybe a high level overview and ideas
that you have, like how could this
be achieved, how can the ADO being
a DAO, being decentralized, being
also community funded, community
a lot of feedback and input there to share
how do you manage all that and what are
some of the ideas that you guys have
based on last year we realized that
that the members had wasn't enough
to kind of facilitate all the activities
that we were doing. We took
on more than we expected, so
this time part of the managing comes
We have a strategy committee now
that is going to be focused more
onboarded a grant lead, which
We're in process of hiring a
marketing lead and of course
the oversight elections, which we're
going to talk a little bit later about.
the first step where we can start
mandate, this new mandate, differentiates
from the older one because
can see the older one also like
a sort of test also with the community
with the Cosmos sub-committee because
it was also a way to start to build trust
with the community because
now within the Cosmos sub-bits of course
and you think it's nothing that we
experienced before, so how
differentiate from the previous one
did something change that
feel free anyone to reply.
Yeah, I can take this one
Robin, that's a great question.
one, and you mentioned it
rightfully, it was a pilot
of not even a year, it was a pilot of nine
the workforce on a part-time
it was a bear market, if you remember
deploying, we have to be conservative
to work on the tokenomics RFP
we thought it was urgent, so
other mission was just to basically
facilitator in terms of funding
the developer ecosystem and making
in the midst of one of the worst bear market
number of acceptance rate
the community, indeed we, I think we
passed with an even better score
migrate to a predominantly
once we finish all the hiring that we want to do
marketing lead, we will end up
the workforce being full time
and I think it's critical
full time, that's not a guarantee
but it's definitely going to help us
establish ourselves further as a
very different thing that we're
bringing this year is the strategy
we built it is we thought it was
very diversified skill set
Carter is a very talented
the idea behind the strategy committee was
really to bring a diverse
all the blind spots and make
sure that we're thinking out of the box
being a full time member of ADAL
that tunnel vision and so it was
important for us to bring
outsiders that can really
major change that we're bringing
within the ATOM committee
it is the very minimum that we can do
since we're fully founded and owned
we're likely going to extend
the deadline for applications
but that member who's going to be
one with the highest scores will be elected
and then the last thing on the
functioning of the grant program itself is
2024 which is quite different from
busy with inbound and we're not
strategy committee the goal is really
our treasury and to be intentional
we process a lot of inbound
decide at a very high level
what are the categories that we want
to focus on so ATOM as money
the latest project with Babylon
and so we're going to migrate
much more aggressively toward
high priority grants and our
goal is to spend at least
bringing on more outsiders
and I think especially for the
Cosmos Hub, there's this huge
whether it's investors, content
creators, builders, developers, creators
all the things that are going on on the Cosmos
Hub and I think it requires
we see informal also now in the audience
and there's others contributing to it also now
with Delphi and Asteroids and these kind of things
onboard these outsiders, educate them
and facilitate their entry.
So can you maybe expand a little bit
on that and what strategies
you have in mind? For example
does it mean that with the ADO you
want to also go out there more, go to
other conferences, other events, host
workshops or what are your plans there?
Who wants to take this one?
I can jump in on this one
from the top of the funnel
of onboarding people all the way down to
actually integrating and getting users on those
new chains, I think there's
all the benefits that are
at a high level strategy standpoint
I think one of the big goals in 2024 is
that have long term alignment with spreading
inter-chain capital and another
is it possible to kind of
atom as gas and simplifying
this increasingly complex
world of a thousand different
chains with a thousand different gas tokens
and there's definitely like abstractions
that are being done to help solve
this but can we place atom
exponentially growing ecosystem?
perspective, atom as gas, onboarding
ICS chains that are economically
aligned with air dropping back
to the hub slash use cases
that help push atom. I think there's
really really big opportunities on that
front that we're looking into
and Riley if you have anything you'd like to
kind of add on this overarching
I think you put up an incredibly
Cosmic Cell Forum a few months
ago that went into all this
in a lot of detail. I would say
the biggest thing on my mind
using atom as collateral across DeFi
exporting it across chains
consumer chains, but all these
are launching with the Cosmos SDK
There's just a renewed sense
and I think we have a really special
atom to those chains and make it one of the
Riley and Carter just said that
that are looking to get into
it's very difficult right now for
there is AA DAO, there is informal
and I think that's something that
as favorite collateral, I mean it's a lot
I think that there is a consensus
as much as possible and there is a
whitelist atom as collateral
whether you're talking about
sometimes you're going to need some
governance efforts and you're going to need some
resources to make sure that
value is properly explained
because a lot of outsiders
right now outside of Cosmos
accrual of atom or the role of atom
within the EU chain so I think
there's a lot of work in terms of education
ready to take on that challenge
item that's going to be interesting for us
Carter, atom and game post
it's also been an argument that Jack from
Strangelove has been making
repeatedly that we should
there are two IBCs with the IBC
IBCs that connect Cosmos to
other ecosystems like what composable
Polymer is doing, what Union is doing
definitely want to position
whether we're talking about atom as
that are very exciting and
we're basically going from zero so it can
only get better from here because atom
was just not represented outside
centralized exchange so that's
going to be very positive and
I think we're going to be spending
and one category just to jump in that
we really want to push on these visualizations
all of the atom and where it's being
and also outside of the Cosmos
and the historical data to be able to tell
the story and we have really good things
more like focused version
of something like map of zones as it pertains
I think is going to be a really powerful
chain onboarding right I mean you mentioned
earlier the whole concept around
security aggregation also with
Babylon there was also spaces here
announced which basically enables
Bitcoin staking for the Cosmos
secure the Cosmos app through
I personally would also love to see
into the Cosmos app I think that will also be cool
the question is okay what if we have all the
secured do you think that
but high quality chains like Neutron and Stride
like what in your kind of
or I guess it would then evolve into the
Cosmos economic zone I guess
what is kind of the endgame for that
how you envision that and how do you collaborate
also with informal that are
building that on a technical side of things
personal opinion I'm not talking
I've always advocated for
more focusing more on quality than
agglomeration of consumer
chains that rally around the hub
consumer chain plays a very
specific role in advancing
the narrative of ADOM as money
and as a security provider
or as a security aggregator
ticket-taking provider in Cosmos
acts as the execution layer
if you want to position ADOM as money
you would need potentially
and so I think that's how we should
consumer chain is not just about
first serve but it needs to be
really bring value to the
narrative and then once you have that
you can start doing cross-chain governance
like we've seen with for example
Neutron or the hub or Stride and the hub
surgery that is going to be built by
it has on the community pool on the other chain
it starts with security, security is an entry point
but then obviously you need
have a long-term vision of what you want to do
becoming a commodity more and more
and so if you're only offering
security then I don't think you have a product
so security is an entry point and on top of that
and I think Stride did an excellent job
the first ever protocol on
being creative and finding
a way to have a very tight
integration while also serving
the core narrative that is ADOMA's money
key and then there is PSS
obviously partial security
moving to a more permissionless
model and I think that should
I don't know about the others
I guess I would jump in and say that
ADOM liquidity and I think if we can combine
kind of liquidity mechanisms
onboarding consumer chains
part of that funding process there is
just like a bunch of value ads that
the hub can bring and we can
pull in really really quality projects. I also think that
There are definitely institutions that
are looking into the Cosmos SDK that
chain, want to be a permission chain
access to IBC and kind of the broader
have the ability to bootstrap that security out of the gate
so I think landing a very large institutional
player in Cosmos would also be
that we haven't seen yet. We see other
ecosystems like Avalanche for
instance that are very focused on that type of
unexplored territory on the
institutional side of things as well.
basically if I should make a summary
three main points of focus which
is one is interchain money
that would also position Atomas
like the center of the interchain
because it's like an engine in the
power all these applications
but on the other side you also have
so that would imply actually literally
center of the UX of the interchain
probably if you mentioned
that Cosmos SDK basically
from the Cosmos sub community to launch their
blockchain and I'm not sure if that's what
you meant with this last statement
it's more a matter of how
this will place out for example
I assume that for Atomas gas
token it will be the focus
mainly towards the relayer
is this a correct assumption
to add anything about how
side we saw Terra do something
very interesting recently
which is essentially enabling
the only thing is that you have to pay a premium
I think Atom actually has
a lot of crossover in terms
of validator sets and community members
and we've never really explored what the
in something like Atomas gas on some of
and I think if you combine
kind of business development effort
with a liquidity initiative like
Atomwars, I think the doors
yeah, truth be told this is still
and it is a bold concept to
have it be more of an intimate
experience outside of the Atom economic
the Atom gas zone which I think will be kind
of a superset and even broader
we'll see where that leads.
historically speaking there
is an history where projects
align with the Cosmos sub and are
successful and projects that firstly
align with Cosmos sub and then
there are a couple of examples so I think
there is a real advantage
is to have this kind of network
effect with the Cosmos sub
if we see stride and neutron success
which of course they have wonderful
we are very lucky to have these great teams
building around this Atom economic zone
strong network effect created by
the Cosmos sub so this is definitely
the audience people interested to apply
releasing the grants like is it on many
levels like community members,
target that you're looking more
also maybe differentiating
probably the different funding
intro because I have a note here
what are the new funding teams
so basically the new funding teams are
Atom as the interface money, partial
security, cross chain, industry
collaboration, security audit and risk
framework, enhancing developer
experience and harnessing Atom as
you could add like who are
your main targets and who should apply
to these categories that would be great
I think some of the people in the
audience are probably interested right now
the first part of the question and then I'll
maybe leave the floor to Carter
on the first part like who are
around what we call inbound grants so what
do we mean by inbound it means
process them right we didn't
we didn't court them we didn't prepare them
those are those are extremely important as well
right because they are spontaneous grants
much everyone mostly from
have to do different we have to
improve our game by again
in the capital so what we agreed
on what we are suggesting it's not
set in stone but what we suggested
and then migrate the rest
RFPs and high priority grants
for example if you want to
players and so those are two
open grants is more about
and the skill set to ship
the ideas that we have such as
forth and I'll let Carter talk about
the categories themselves
and what's going to be our focus
the open grants kind of empower
creatively come up with ways to kind of
push atom forward so if you have
let's say you had all funding with just RFPs
you'd be missing out on kind of the general
versus if you only have open
grants and you didn't have any RFPs
of a little bit rudderless
you maybe are lacking some of the ability to be
Yusef's kind of leadership
and ideas this year on trying to kind of find a balance
between the two I think is extremely
scenario and I think it's a really good
year. In terms of the different
categories, the ones I think
as I mentioned earlier that atomized interchange data
if you're a builder interested
within Cosmos and outside of Cosmos
I think there's going to be a really big opportunity
for a project like that over
the course of the next decade
data visualization project that someone
is going to have to tackle
the interchange capital there's really like two
under development right now
which is like the atom gas zone
the initiative around pushing atom
to as many changes as possible as gas
and then another one is tied to
within the relayer community simplify
for users where all they need is atom
to traverse and get onto a
chain as opposed to needing multiple
gas tokens so that's kind of
of thing that's kind of being scoped right now so
very excited about both of those RFPs
and then on the cross chain collaboration
category and the cross industry collaboration
both opportunities I think on
the DeFi side of things to
at least on the cross chain
collaboration is like we should be
exporting atom beyond just cosmos
ecosystems out there that
would be willing to collaborate with
the hub on establishing liquidity
and establishing these DeFi cross chain
partnerships and I think with
to things like Solana probably
the hub has this really big opportunity to act on
that in an organized and efficient manner
to push atom beyond just cosmos
so that's something that I think
there's a lot of grant opportunities
collaboration I think I mentioned this one
easy to get in our own little
bubble in terms of use cases
are starting to creep into web 3
onboard those more creative
and use cases I think there's
really big opportunities there so be sure to check those
then we have the security audits and
there's quite a few so be sure to check out
the atom accelerator website and
check out the categories there's a lot
of things to check out this year
I would also say that hey if you
build on this idea just shoot them my way
because I'm actively reaching out to
teams like for example when
Carter mentioned the interchain data
I've been you know hitting up
wherever I find some talented
teams just to try to recruit
and you know kind of you know visualize
like the importance of atom and the interchain
but it's beyond that right so if
you have any ideas and you have any
you know hit my DMs I'm always active
scouting around looping around so
happy to help you know take your
Very cool and I think that
we can also chat a little bit
about what's coming in the near
there is something that you are
excited about that is coming soon
I remember there was for example
discussion in the past about
that are still yet to come
that you are excited about?
so something that we haven't
talked about yet today is that
that in exchange for that funding
infrastructure would be built
some that would be built and that it would
Venture grants are different in the sense
of the funded project or potentially
new opportunities for the hub
atom community that we would
deals on behalf of the Cosmos Hub
and that we would direct 80%
airdrops and revenue shares
to the atom community pool and we would retain
and so I'm personally very excited about that because
it's an entire different framework
when you know that the hub is
in return and so one area
for example that is exciting
atom but don't have an org
that they can talk to to get advice
for example sometimes are very interesting
found them we find a way to
align them further with the hub
and so I think that's going to be
very interesting now obviously
as we speak working on that
venture grants are from grants
the legal compliance side
because we're not likely going to need
resources to make venture
so I'm personally very excited
about that and we already
in the pipeline obviously
we can't share because it's too premature
for the moonshot last year was about
the general appetite of the
this year it's going to be
Christian were mentioning
so wallets, atomized gas,
to add a little note to that
and I think this is part of the
for what it takes to be accepted as
value accrual back to the hub I think those
days are coming to a close
unapologetically driving value
directly back to the hub as direct
venture grants are an extremely
powerful mechanism for doing
that and I think the bar being
raised on open grants also helps with that
Yeah, I think there was a
community member in the Cosmos
community that has been speaking about this
for a while which is WCAGS because
I remember some of his tweets about
the Cosmos sub should do venture
and fund project within the ecosystem
so it's interesting to see these
dynamics come to realization through
and I think that Yusef also
mentioned in one of his latest tweets
that this could imply also the
Cosmos sub community pool to have
an allocation or something
value accrual in this case for the Cosmos
sub which would be pretty evident because
I think that one of the most
evident value accrual that we saw in
42 million neutrons in the community
is a value that is undeniable
that is in the end of the
so it's something that you can track
corresponding in creating
probably requires some more marketing
or anything to amplify what
actually is happening in the Cosmos sub because
there is so much happening right now that
probably is difficult to track
and I think this goes back
to the idea of having this
harnessing interchain data
so probably to show everything
that is happening in the ecosystem so that is
I think it's quite interesting because
I also suggest something about
having all this data especially
for all the addresses we have
been receiving in the Cosmos sub because it's
a lot of value but there is really no one
I would like to come back
for anyone that is listening
run out of the space because it's for
person are you looking for the role
like who should apply, what is
principle that this person should have
any experience feel free to add anything
for anyone listening be sure to check
the latest suite from Cosmos sub
because actually direct to the forum post
so you can read the entire post
year so I transitioned to
one directly representing
or in touch with the community
so I kind of took on that role myself
was one part that I felt like we were
in this year we were looking for that
member, that third oversight member
since he is going to be community
is in communication largely with the
community and providing feedback to us
it's not going to be a full time position
bright cosmonauts out there that
express interest but some
of them have their own full time
jobs that they can't really commit so
it's going to be about 35% of full time
just to oversee the community sentiment
coordinator and address any
they'll also attend the meetings
with everything AIDOW is doing
whether it's on protocols, whether
it's community members signing off on
in the transparency reports
engagement with the community, more feedback
is primarily the role of it
the first time we're doing this so
look through them and we'll put
three of the top members on chain
and like Yusef said earlier
not just the Hub but Cosmos
they are for the Hub but they see
not one way or another that can be
that balance between AIDOW and the community
interesting candidates and
I'm also curious to see how it
basically election on Cosmos
sub-governance because that's an interesting
as a last question I probably
are in the process of hiring
new people feel free to share
to the role if you're interesting
to share what kind of role
please feel free to share it
and the marketing lead, so the grant lead
two to three days just finalizing
the recruitment itself from the grant lead
the marketing lead we also
closed the application because
candidates in the pipeline
we are right now in the last phase
of the recruitment for that position
what we call a venture grant specialist
from ADOW an existing contributor to ADOW
take on that role, so that is
very likely we'll also end up
a technical product leader or technical product manager
Carter and the strategy committee
it's monitoring the progress of the teams
once they've been awarded the
since we're moving in the direction
of RFPs and high priority grants
we think it's important to have
that technical product lead
and that's pretty much it
another position, no we don't
and I think this phase has been very valuable
for the committee to know better
the ATOM accelerator, especially this year
Mandate and the new funding categories
Cryptosy, do you have any
yeah, very excited to see
I think you guys definitely
learnings in the bear market
in the previous mandates that are
also switching to the full time model
I think that's very important
time in this because I also
know how much you guys are doing
and coordinating behind the scenes that maybe
the community doesn't see in the first place
all the thinking, the talking
behind the scenes, just strategizing
and facilitating the onboarding
for outsiders, I think that's a big thing
that I'm very excited about also
for the Cosmos Hub and also have more
the informal systems out there
more stuff with them as well, I'm also
very excited about inscriptions, we did
spaces with them also recently here
do you have any final words
the part that you said about
behind the scenes because there's really a lot going on
with teams every single day, maybe
day and we're talking to Delphi, we're talking
to informal, we're talking to many
and outside of Cosmos, so
it takes time for something to
a lot of it comes down to
just strategizing, negotiating
and filtering out what makes sense
and what doesn't, and that's something
that it's really hard to portray
on chain or on social media
mentioned is, I just wanted to
and then maybe one last point is
is really to step up our game
and professionalize the DAO
and that, so we mentioned
advancement for us, it was
pretty challenging last year
to coordinate multisig payments and to
on time to grantees etc, so
we're very happy that we're able to
onboard into DAO DAO that also give us
capabilities that we will
the long term and that starts with
doing proper, having sound treasury
the bear market when it arrives
making sure we have enough stable
with grantees, our commitments
with our own contributors
and so yeah, I think that this year
excited and very hopeful about
we did pretty good I would say
year is going to be a whole different game
Riley joining the team, we're super
with a sense of urgency to build as
to be ready, it's a long term process
to be honest, like Johnny said
would say building a decentralized start-up
70% of the job, 80% of the job
about consolidating and expanding
objectives, so very happy about
that and thank you Carter and
was testnet, this year's mainnet
and also I want to say one last thing
I really appreciate you guys
all the behind the scenes stuff, talking to
everyone because the Cosmos Hub
I think is in this special
kind of position, there is not
one core, there is no Cosmos
Hub foundation, there is no core team that does
I think that's also why the Cosmos Hub
and Atum is so resilient and so
strong and it's coming out of the
bear market as a top 30 asset, I think yes
to see Atum in the top 5 but I think
being in the top 30, without
having that what other chains have
I think the Cosmos Hub is in that very
specific and unique position and I think
with all the things we talked about
shared security, security aggregation
I think that's all cool stuff that
and eventually also have strong product
market fit for certain things
but I just want to also say
to all of you guys in Carter Riley
Joni Youssef that you guys
are stepping up and I really want to encourage
also listeners and everybody
I'm going to step up, I'm going to apply
I want to be part of that, I want to contribute
I think that AIDOW is a good
I think it's been a super
now there is a good understanding
of what is the Atum Accelerator
if you have any questions feel free
to get in touch with the people around here
and I'm sure that they will
be able to help you. Thanks everyone
and see you to the next one