Hatom

Hatom has established a comprehensive ecosystem dedicated to advancing decentralized finance (DeFi) on MultiversX, offering a suite of innovative products like a lending and borrowing protocol, liquid staking, a native stablecoin, and lending as a service, among other initiatives.

Hatom's ecosystem is designed to provide secure, transparent, and easy-to-use access to DeFi services, with a strong focus on scalability and security within the MultiversX blockchain.

Hatom's Liquid Staking module adds extra advantages to traditional staking by allowing users to access liquidity for their staked collateral. This feature is anticipated to draw more participants into the MultiversX Proof of Stake (PoS) economy, thereby increasing the value locked in and enhancing the security and stability of the network.

Rather than following conventional staking methods, users can utilize the smart contracts integrated with Hatom's network of node operators to deposit funds and instantly receive sEGLD tokens, which correspond to the amount of EGLD they have staked.

The sEGLD tokens are tied to the value of EGLD and can be used in various DeFi contexts, such as serving as collateral for loans. The sEGLD tokens appreciate in value based on staking rewards and can be converted back to EGLD whenever the user wishes, without the usual unbonding period.

Effective management of excess liquidity and liquidity demand is crucial for DeFi systems, and Hatom addresses this need by implementing a lending and borrowing protocol on MultiversX.

This protocol facilitates on-chain loans with collateral through a user-friendly interface, allowing access to liquid capital without the need to sell existing positions.

Hatom (HTM) is a groundbreaking, non-custodial liquidity protocol operating on the MultiversX Network. It acts as a link between different lending protocols, enabling users to access liquidity across chains for a wide array of DeFi strategies. Since its launch in 2023, Hatom has become the first token to join the DeFi fund on MultiversX, marking a significant developmental milestone for the blockchain.

The protocol's ecosystem is crafted to promote DeFi on MultiversX, offering a variety of products, including lending and borrowing protocols, liquid staking, a native stablecoin, and lending as a service. Hatom Labs, which developed the platform, prioritizes scalability, security, and accessible DeFi services.

A key feature of Hatom is its Liquid Staking module, which enables liquidity access for staked collateral. Utilizing smart contracts connected to Hatom's network of node operators, users can deposit funds and receive sEGLD tokens in return. These tokens, pegged to EGLD, can be applied in various DeFi scenarios like collateralizing loans and can be exchanged back for EGLD at any time, bypassing the typical unbonding period.

Additionally, Hatom addresses the vital need for managing excess liquidity and demand within DeFi systems. Its lending and borrowing protocol allows for collateralized on-chain loans via a straightforward interface, letting users tap into liquid capital without selling off their positions.

The technology supporting Hatom (HTM) is a pioneering, non-custodial liquidity protocol on MultiversX. This decentralized lending and borrowing protocol, launched in 2023, has rapidly gained attention due to its fresh approach and solid ecosystem. Hatom's framework is dedicated to advancing decentralized finance (DeFi) on MultiversX, providing a range of products, including liquid staking, a native stablecoin, and lending as a service.

Central to Hatom's technology is its integration with the MultiversX blockchain, celebrated for its substantial throughput and scalability. MultiversX employs a sharded architecture, allowing simultaneous transaction processing across different shards, thereby boosting capacity and speed. This architecture is crucial for Hatom, ensuring the platform can efficiently manage a high volume of transactions.

Security is paramount for any blockchain-based protocol, and Hatom harnesses the security features native to MultiversX. The blockchain employs a Proof of Stake (PoS) consensus mechanism, which reduces energy use compared to Proof of Work (PoW) systems while enhancing security. In PoS, validators are selected to create new blocks and authenticate transactions based on the number of tokens they are willing to "stake." This economic motivator aligns validator interests with network well-being, making malicious attacks costly and less likely.

One of Hatom's standout features is its Liquid Staking module. Traditional staking requires locking tokens to secure the network and earn rewards, but this also limits liquidity. Hatom's Liquid Staking lets users stake tokens and receive sEGLD tokens, tied to the staked EGLD, in return. These can be utilized in various DeFi scenarios like loan collateralization, thereby offering liquidity while still providing staking rewards.

Another crucial element of Hatom's ecosystem is its lending and borrowing protocol. This feature allows users to initiate collateralized on-chain loans using an intuitive interface. By using assets as collateral, users can access liquid capital without selling their positions. This tool is particularly valuable for managing excess liquidity and fulfilling liquidity demands—key components for operating DeFi systems.

Governance is another important aspect of Hatom's ecosystem. The platform prioritizes community participation and strategic growth, letting HTM token holders engage in decision-making processes. This decentralized governance model ensures community involvement in the protocol's development, fostering a sense of ownership and aligning user interests with protocol growth.

Additionally, Hatom has developed a native stablecoin, integral to its ecosystem. Stablecoins are constructed to maintain a constant value, usually pegged to a fiat currency like the US dollar. Their stability offers a reliable alternative for users seeking to avoid the volatility often linked with cryptocurrencies. Hatom's stablecoin can be used for various ecosystem roles, acting as a medium of exchange, a store of value, and a unit of account.

Hatom's dedication to providing secure, transparent, and user-friendly DeFi access is evident in its comprehensive ecosystem development. By leveraging the scalability and security of the MultiversX blockchain, Hatom ensures users experience a streamlined and efficient DeFi journey.

Hatom (HTM) is a decentralized finance (DeFi) protocol on the MultiversX Network, providing a range of real-world applications that enrich the DeFi landscape. One of its main roles is as a non-custodial liquidity protocol, allowing users to lend and borrow assets without depending on a centralized entity. This framework enhances security and transparency, with all transactions managed by smart contracts.

A key feature of Hatom is its Liquid Staking module, allowing users to stake EGLD tokens and receive sEGLD tokens in return. These tokens are pegged to the value of EGLD and can be used in various DeFi scenarios, such as securing loans. This system offers liquidity for staked assets while enabling users to earn staking rewards without the usual unbonding period.

Hatom also features a native stablecoin, which facilitates peer-to-peer transfers, serving as a stable medium of exchange within the ecosystem. This stablecoin is vital for transaction stability and can be used in many financial activities, like lending and borrowing.

The protocol has integrated a TAO bridge, enabling asset transfer across different ecosystems. This cross-chain liquidity boosts Hatom's versatility, simplifying asset movement between blockchain networks. Moreover, Hatom has successfully audited its smart contracts to ensure platform security and reliability.

Hatom's lending and borrowing protocol is another key element of its ecosystem. It allows users to access liquid capital without needing to sell their positions, providing a flexible tool for managing liquidity. This feature is especially beneficial for those requiring immediate funds access without liquidating assets.

In summary, Hatom's ecosystem is dedicated to fostering DeFi on MultiversX, offering various products to shape the landscape, including lending and borrowing protocols, liquid staking, a native stablecoin, and lending as a service. These applications provide secure, transparent, and user-friendly DeFi access, emphasizing scalability and security within the MultiversX blockchain.

Hatom (HTM) has made significant advancements in the DeFi sector, particularly within the MultiversX blockchain ecosystem. With a focus on delivering a comprehensive suite of decentralized financial services, including lending and borrowing protocols, liquid staking, and a native stablecoin, the project has achieved several critical milestones.

A major early event for Hatom was the successful Token Generation Event (TGE), marking the official introduction of HTM. This event was crucial for establishing the token's market presence and setting a foundation for future progress.

Following the TGE, Hatom unveiled its DeFi ecosystem, featuring an array of products aimed at enhancing the DeFi environment on MultiversX. This ecosystem strives to offer secure, transparent, and user-friendly access to DeFi services, with an emphasis on scalability and security.

A vital step for Hatom was completing a smart contract audit to guarantee the security and reliability of its protocols. This audit played a significant role in building community trust and attracting more users to the platform.

Hatom's Liquid Staking module has also captured attention. This feature lets users stake their assets and receive sEGLD tokens, pegged to EGLD, in return. These tokens can be utilized in various DeFi scenarios, like loan collateralization, expanding liquidity, and earning staking rewards without the conventional unbonding period.

The project has also advanced in token bridging, with over 33,400 TAO tokens bridged and nearly 30,000 wTAO tokens staked within their Liquid Staking module. This expansion in token bridging enhances liquidity and creates more opportunities for user engagement.

Hatom's involvement in Istanbul Blockchain Week was another significant event, demonstrating their commitment to remaining at the forefront of blockchain technology and engaging with fellow industry leaders. This event provided a platform for Hatom to share their vision and progress with a broader audience.

The launch of two modules on the mainnet further strengthened Hatom's presence in the DeFi sphere. These modules aim to deliver more robust and scalable solutions for users, enhancing the overall functionality and allure of the Hatom ecosystem.

Additionally, Hatom's token inclusion in a DeFi fund signifies growing recognition and platform adoption within the DeFi community. This inclusion underscores the potential and value Hatom contributes to the sector.

Hatom has also been active in releasing a roadmap, outlining future plans and developments. This transparency helps set clear community expectations, ensuring users remain informed about upcoming features and enhancements.

Through these key events, Hatom has demonstrated its dedication to advancing DeFi on MultiversX, offering innovative solutions and nurturing a secure, scalable, and user-friendly ecosystem.

Hatom (HTM) has made a significant impact in the DeFi sector on MultiversX, providing a comprehensive ecosystem that encompasses lending and borrowing protocols, liquid staking, and a native stablecoin. The driving forces behind this trailblazing project are Ahmed S., Oussa G., and Soufiane M.B., each bringing substantial experience from the cryptocurrency field. Their work with projects like Runtime Verification highlights their focus on security and scalability. Although they have made considerable contributions, detailed information about their individual backgrounds and roles is not widely available.