Article Summary, Automatically Generated By AI
Summary of Hatom’s Ecosystem
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Hatom’s ecosystem offers a range of DeFi products on MultiversX, including:
- Lending and borrowing protocol
- Liquid staking
- Native stablecoin
- Lending as a service
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Goals:
- Provide secure, transparent, and user-friendly DeFi services
- Emphasize scalability and security on MultiversX blockchain
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Liquid Staking module benefits:
- Access liquidity for staked collateral
- Attract more participants
About Hatom: Empowering the Future of Blockchain Innovation
Hatom has established a comprehensive ecosystem tailored to catalyze DeFi on MultiversX, featuring a diverse array of innovative products poised to reshape the landscape, including a lending and borrowing protocol, liquid staking, a native stablecoin, and lending as a service, among other groundbreaking initiatives.
Hatom’s ecosystem is dedicated to delivering users a seamless, secure, and transparent gateway to DeFi services, prioritizing scalability and security within the MultiversX blockchain.
The innovative Liquid Staking module, crafted by Hatom, confers supplementary advantages beyond traditional staking, thereby enabling seamless access to liquidity for the staked collateral. This, in turn, is poised to attract a broader participant base to the MultiversX PoS economy, resulting in a substantial increase in value locked into the network, and ultimately, bolstering its security and stability.
In lieu of traditional staking methods, users can leverage smart contracts integrated with Hatom’s network of node operators to deposit funds, thereby instantly receiving sEGLD tokens commensurate with the amount of EGLD staked.
The resulting sEGLD tokens are pegged to EGLD and can be seamlessly utilized in DeFi scenarios, such as collateralizing a loan. The accrued sEGLD tokens appreciate in value in tandem with the staking rewards and can be redeemed for EGLD at any time, exempt from the standard unbonding (locking) period.
Instruments for managing excess liquidity and liquidity demand constitute a vital component in the operation of DeFi systems. Hatom pioneers a groundbreaking solution by introducing a lending and borrowing protocol on MultiversX, thereby bridging this critical gap.
This facilitates the provision of collateralized on-chain loans through a user-friendly interface, thereby allowing individuals to tap into liquid capital without the need to liquidate their positions.