Cosmos Hub announces its first venture funding project is DeFi Layer1 application chain Elys Network

ATOM Accelerator DAO (AADAO) announced its first risk-funded project, the integrated DeFi Layer1 application chain Elys Network on Cosmos Hub, with whom they have reached a strategic partnership. The risk-funded project on Cosmos Hub, deployed through AADAO, aims to invest in high-growth early-stage projects within the cross-chain ecosystem. The Cosmos Hub community fund pool will receive a large amount of ELYS tokens through the Cosmos Hub risk-funded project deployed by AADAO.