Introducing Hatom, the first DeFi Ecosystem on MultiversX
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(to consider)About Hatom
With the goal to become MultiversX's DeFi powerhouse Hatom provides basic services on the chain. The team already launched lending and liquid staking on Mainnet, while the over-collateralized stablecoin is in the process of making.
The ecosystem will be governed by $HTM token.
The DeFI ecosystem encompasses:
- Over-collateralized lending protocol on the MultiversX chain. It employs algorithmic methods to assure seamless transactions.
- A liquid staking solution that makes it possible to stake $EGLD and earn staking rewards without locking up its value.
- Hatom USD - $USH. A native stablecoin that can be minted via Hatom’s lending Platform. It’s decentralized, which means it is backed by assets supplied in the lending protocol.
Subsequent plans include a cross-chain lending system and an index of leverage staking strategy.
Hatom Milestones
Up to now, Hatom scored a number of important accomplishments.
Apart from launching liquid staking and lending, it also was listed on three big exchanges: Gate, MEXC, xExchange. It can be traded in HTM/USDT and HTM/EGLD pairs. On xExchange the metastaking and farming APR are 10% and 14% respectively.
After a week of presenting Mainnet, there is $43M staked in $EGLD on the Hatom platform. The project reached $100M TVL and moved its blockchain MultiversX to a list of 18 biggest chains by TVL. The staking on the platform can guarantee 6.30% APY.
Learn more about Hatom:
Website | Twitter | Telegram | Chain Broker