Hatom

Type

DeFi

Launched

2022

Ecosystem

MultiversX

Initial Investment

Private Round

Hatom Protocol on MultiversX

Hatom Protocol is a key player in the MultiversX ecosystem, focused on non-custodial lending and borrowing. Designed to address specific gaps in DeFi, Hatom offers a suite of financial tools prioritizing security, stability, and user experience.

Liquidity providers, or suppliers, contribute assets to the market, thereby earning interest on their deposits. Simultaneously, borrowers are able to secure loans, adhering to a collateralized model to ensure secure transactions and minimize risk.

Key Developments

Lending and Borrowing: Hatom's non-custodial lending protocol enables users to lend and borrow native assets across multiple networks, removing the need for asset bridging or synthetics. This direct approach improves liquidity and simplifies user interactions with DeFi.

Infrastructure Modules: Hatom supports its lending protocol with a detailed infrastructure, including an indexer, price oracle, and guardian mechanisms. These elements ensure data accuracy, price stability, and enhanced security, making the protocol resilient and trustworthy.

Peg Mechanisms: Hatom’s innovative soft and hard peg mechanisms ensure that its stablecoin, $USH, remains stable and reliable, regardless of market fluctuations. Users can trade and leverage $USH with confidence, knowing it maintains its value within the ecosystem.

USH Staking Module: Users can stake USH or USH LP tokens to earn yields, with rewards sourced from the revenue generated by USH facilitators. This module aims to provide robust and organic yield generation for users.

Booster V2: The updated Booster module maximizes user rewards, allowing for increased APY through strategic staking of $HTM tokens. This dual-batch mechanism encourages deeper engagement and higher returns, fostering a vibrant, incentivized community.

Metrics

  • Total Assets Supplied: $99.8M
  • Total Assets Borrowed: $22.99M
  • Total Transactions: 1.5M+
  • Active Users: 50,000+
  • Supported Tokens: 20+
  • Total Rewards Distributed: $5M+

Other Investments

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XOXNO

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Ta-Da

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Hatom

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