Hatom : The DeFi protocol

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Sommaire :

Welcome to the world of Hatom Protocol, a decentralized algorithmic protocol built to borrow and lend assets on the MultiversX blockchain.
If you’re not yet familiar with the world of DeFi (short for “decentralized finance”), don’t worry.

We’ll walk you through the basics and explain why Hatom Protocol is an exciting player in this rapidly evolving field.

But first, let’s break down some key terms:

DeFi refers to a range of financial services based on blockchain technology, which enables secure, transparent and decentralized transactions.
In other words, DeFi bypasses traditional financial institutions and allows individuals and organizations to interact directly with each other through smart contracts and other blockchain-based tools.

Lending on decentralized finance platforms (DeFi) with the principle of loans and collateral can be considered as taking a mortgage on a house.
Just as a mortgage requires you to borrow money from a lender and use your house as collateral to secure the loan, DeFi loans require you to borrow crypto-currencies from a lender and use other crypto-currencies or assets as collateral to secure the loan.
This collateral protects the lender and ensures that they will be able to recover their funds if the borrower is unable to make payments.

MultiversX is a blockchain platform that aims to provide a more accessible and user-friendly experience for DeFi users, and Hatom Protocol is one of the key players in this platform. Hatom Protocol operates through a community-driven culture – every active member contributes to making Hatom a DeFi hub, where users can borrow and lend a wide range of assets securely and seamlessly.

What is Hatom Protocol?

Hatom is a decentralized algorithmic protocol for lending and borrowing assets on the MultiversX blockchain. It is a unique platform that aims to revolutionize the way we access liquidity and leverage our digital assets.

As the first decentralized lending platform in the MultiversX ecosystem, Hatom offers investors in Egold or other currencies created on the MultiversX blockchain the ability to offer loans or request a loan based on the digital assets they own.

But Hatom isn’t just about borrowing money. It’s also a platform that allows investors to lend their digital assets to other users in exchange for a return on investment. This is a win-win situation, as the borrower gets the cash they need and the lender gets a return on their investment.

Benefits of Hatom Protocol

One of the main advantages of using Hatom is the simplicity and accessibility of the platform. Unlike traditional financial institutions, which can be difficult to navigate and require a lot of paperwork and documentation, Hatom is simple and easy to use.

You can access loans with a few clicks, and interest rates are set automatically by artificial intelligence based on supply and demand for each currency.

All transactions are done through smart contracts, which means that the terms of the loan and collateral are clearly defined and protected. This gives borrowers and lenders peace of mind that everyone is protected in the event of default.

Overall, Hatom is a game-changing platform that offers a new way to access liquidity and leverage your digital assets.

How does Hatom Protocol differ from traditional lending platforms?

One of the main differences between Hatom and traditional lending platforms is that it is decentralized. This means that there is no central authority controlling the platform or mediating the transactions.

Another major difference is that lending on Hatom is peer-to-peer, meaning that users can create loan offers or accept offers from other users without the intervention of a third party.

The most complete over-collateralized lending protocol

The stacking module

A staking module that will bring considerable value and utility to the “$HTM” token.
50% of the revenues generated by the protocol, from interest paid by borrowers and liquidations, will be redistributed to the stakers of the “$HTM” token.

What is a staking module?

A staking module can be considered as a vending machine.
In the same way that a vending machine requires you to insert coins or tokens to receive a product, a staking module requires you to “stake” a certain amount of crypto-currencies in order to participate in a network or process.
The more crypto-currencies you put into play, the more influence (DAO) or rewards you can receive.

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The security module

A security module that will act as an additional layer of security for the protocol.
It will also increase the liquidity of the protocol and help stimulate the overall money markets.

What is a security module?

A security module can be thought of as a seat belt in a car.
Just as a seat belt is a device designed to protect you in the event of an accident, a safety module is a function or system designed to protect a system, process or device from damage or malfunction.

HatomUSD ($USH) 1st stablecoin of the MultiversX blockchain

HatomUSD, or $USH, an over-collateralized decentralized stablecoin and the first stablecoin native to the MultiversX blockchain.
HatomUSD will seed the liquidity of the protocol as well as all established tokens in the MultiversX ecosystem.

What is an over-collateralized decentralized stablecoin?

An over-collateralized decentralized stablecoin can be thought of as a savings account in a bank.
Just as a savings account requires you to deposit a certain amount of money to open and maintain the account, an over-collateralized decentralized stablecoin requires you to collateralize your stablecoin with a certain amount of crypto-currency.
This collateral acts as a buffer to help protect the stability of the stablecoin and ensure that it retains its value.

Liquid Staking

Liquid Staking, an indispensable feature designed to allow users to access the value of their staked EGLDs.
EGLD holders will receive sEGLDs, an interest-bearing token attached to the EGLD, which they can use on our leading protocol or on other DeFi applications.

What is liquid staking ?

Liquid staking can be considered as a flexible savings account.
In the same way that a savings account allows you to deposit and withdraw money as needed, liquid staking allows you to stage and unstage your crypto-currencies as needed.
This flexibility allows you to earn rewards for staking your crypto-currency without being tied to a fixed commitment.
Just like a savings account earns interest over time, liquid staking allows you to earn rewards for participating in a network or process.
However, like a savings account, the amount of rewards you earn can be influenced by the amount of crypto currency you stake and the length of time you stake.

Hatom Mush

Introducing Hatom Mush, the concept of Isolated Lending Protocols on the MultiversX blockchain, and the ability for other entities to create their own custom lending protocol effortlessly and in a simplified manner.

What is Hatom Mush the isolated lending protocols?

Hatom Mush, the concept of isolated lending protocols on the MultiversX blockchain, can be thought of as a do-it-yourself home improvement kit.
In the same way that a home improvement kit includes all the tools and materials needed to do a home improvement project yourself, Hatom Mush is a platform that provides all the elements needed to create a custom loan protocol on the MultiversX blockchain.
This includes the tools and resources needed to design and implement a loan protocol that meets your specific needs and requirements.

Syfy Project

Syfy, a project that will use new and innovative methods to boost HatomUSD, and double, if not more, the liquidity and revenue of the entire Hatom ecosystem.

What is Syfy the HatomUSD Booster?

Syfy, a project that aims to boost HatomUSD and increase the liquidity and revenue of the Hatom ecosystem on the MultiversX blockchain, can be thought of as fertilizer for a garden.
Just as fertilizer helps feed and enrich the soil, Syfy is designed to feed and enrich the Hatom ecosystem by increasing the liquidity and revenue of HatomUSD.
This can help create a more sustainable and prosperous environment for the Hatom ecosystem to grow and flourish.

Additional information

Hatom on XLaunchpad

On 12/04/2023* Hatom will be launched on the XLaunchpad and will also be featured in the MultiversX lottery, which allows you to purchase tickets using Locked Mex.

To learn more about Hatom and its capabilities, please read the whitepaper.

  • *Date subject to change

Reference

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