According to Odaily, Cosmos Hub has announced its first venture grant project, which is with Elys Network. The investment is deployed by Atom Accelerator with the aim of expanding the community fund pool and promoting the development of AEZ.
Through this venture capital fund, ATOM holders in the Cosmos Hub community pool will receive a significant distribution of ELYS tokens. Furthermore, ATOM will become the default gas token for Elys' innovative integrated DeFi application.
The move is seen as a significant step towards expanding the community fund pool and driving the growth of AEZ. The partnership with Elys Network is expected to bring about a new era of growth and innovation in the DeFi space.