news 
Atom Accelerator (AADAO) Returns Funds Raised to Cosmos Community Pool
In a recent announcement, the Atom Accelerator DAO (AADAO) has revealed its decision to return funds raised from investors back to the Cosmos community pool. This significant move comes after a thorough evaluation and careful consideration by AADAO’s governing body.
As explained in their statement, the decision was made due to the current market conditions and the uncertainty surrounding the future of the decentralized investment strategy employed by the DAO. It has been determined that stepping back from its activities would be the most responsible course of action at this time.
Over the course of its operation, AADAO has successfully executed six venture investments on behalf of the Cosmos Hub, with a further seven deals in the pipeline for immediate execution. In addition to these outstanding commitments, the DAO has also been entrusted by investors to safeguard assets until 2028, when all tokens are anticipated to be distributed to the ATOM Community Pool.
The portfolio maintained by AADAO includes Elys Network, Drop Protocol, Sphinx, Plaza Finance and Union Labs. The combined value of this portfolio amounts to $1.1 million, with another $750,000 in pending investments.
It is predicted that once all tokens from incubees have gone live, the ATOM Community Pool will be granted assets valued at an amount exceeding the initial investment of $1.85 million made by the Cosmos Hub.
AADAO’s venture portfolio includes Elys Network, Drop Protocol
Source: u.today
