Hatom price

HTM

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Hatom (HTM) stands out as a pioneering, non-custodial liquidity protocol on the MultiversX Network. It serves as a bridge between various lending protocols, enabling users to tap into cross-chain liquidity for diverse DeFi strategies. Launched in 2023, Hatom is the first token to join the DeFi fund on MultiversX, marking a significant milestone in the blockchain's ecosystem.

The protocol's ecosystem is designed to foster DeFi on MultiversX, offering a suite of products that include lending and borrowing protocols, liquid staking, a native stablecoin, and lending as a service. Hatom Labs, the team behind its development, emphasizes scalability, security, and user-friendly access to DeFi services.

One of Hatom's standout features is its Liquid Staking module, which allows users to access liquidity for staked collateral. By using smart contracts linked to Hatom’s network of node operators, users can deposit funds and receive sEGLD tokens, pegged to EGLD, in return. These tokens can be used in various DeFi scenarios, such as collateralizing loans, and can be redeemed for EGLD at any time without the standard unbonding period.

Hatom also addresses the critical need for managing excess liquidity and liquidity demand in DeFi systems. Its lending and borrowing protocol enables collateralized on-chain loans through an intuitive interface, allowing users to access liquid capital without selling their positions.

The technology behind Hatom (HTM) is a pioneering, non-custodial liquidity protocol on MultiversX. This decentralized lending and borrowing protocol, launched in 2023, has quickly gained traction due to its innovative approach and robust ecosystem. Hatom's ecosystem is dedicated to fostering decentralized finance (DeFi) on MultiversX, offering a range of products designed to shape the landscape, including liquid staking, a native stablecoin, and lending as a service.

At the core of Hatom's technology is its integration with the MultiversX blockchain, which is known for its high throughput and scalability. MultiversX employs a sharded architecture, allowing it to process multiple transactions simultaneously across different shards, thereby enhancing its capacity and speed. This architecture is crucial for Hatom's operations, as it ensures that the platform can handle a high volume of transactions efficiently.

Security is a paramount concern for any blockchain-based protocol, and Hatom leverages the security features inherent in MultiversX. The blockchain uses a Proof of Stake (PoS) consensus mechanism, which not only reduces energy consumption compared to Proof of Work (PoW) systems but also enhances security. In PoS, validators are chosen to create new blocks and validate transactions based on the number of tokens they hold and are willing to "stake" as collateral. This economic incentive aligns the interests of validators with the network's health, making it costly for bad actors to attempt attacks.

One of the standout features of Hatom is its Liquid Staking module. Traditional staking involves locking up tokens to support network security and earn rewards, but it also means that those tokens are not liquid and cannot be used elsewhere. Hatom's Liquid Staking allows users to stake their tokens and receive sEGLD tokens in return, which are pegged to the staked EGLD. These sEGLD tokens can be used in various DeFi scenarios, such as collateralizing loans, thus providing liquidity while still earning staking rewards.

Hatom's lending and borrowing protocol is another critical component of its ecosystem. This protocol enables users to take out collateralized on-chain loans through an intuitive interface. By depositing assets as collateral, users can access liquid capital without having to sell their positions. This feature is particularly useful for managing excess liquidity and meeting liquidity demands, which are essential elements in the operation of DeFi systems.

Governance is also a significant aspect of Hatom's ecosystem. The platform emphasizes community involvement and strategic growth, allowing HTM token holders to participate in decision-making processes. This decentralized governance model ensures that the community has a say in the protocol's development and future direction, fostering a sense of ownership and alignment of interests among users.

In addition to these features, Hatom has developed a native stablecoin, which plays a crucial role in its ecosystem. Stablecoins are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. This stability makes them an attractive option for users looking to avoid the volatility often associated with cryptocurrencies. Hatom's stablecoin can be used for various purposes within its ecosystem, including as a medium of exchange, a store of value, and a unit of account.

Hatom's commitment to providing secure, transparent, and user-friendly access to DeFi services is evident in its comprehensive approach to ecosystem development. By leveraging the scalability and security of the MultiversX blockchain, Hatom ensures that its users can enjoy a seamless and efficient DeFi experience.

Hatom (HTM) is a decentralized finance (DeFi) protocol operating on the MultiversX Network, offering a variety of real-world applications that enhance the DeFi ecosystem. One of its primary functions is as a non-custodial liquidity protocol, which means users can lend and borrow assets without relying on a centralized authority. This setup provides greater security and transparency, as all transactions are managed by smart contracts.

A significant feature of Hatom is its Liquid Staking module. This allows users to stake their EGLD tokens and receive sEGLD tokens in return. These sEGLD tokens are pegged to the value of EGLD and can be used in various DeFi scenarios, such as collateralizing loans. This system not only provides liquidity for staked assets but also enables users to earn staking rewards without the usual unbonding period.

Hatom also offers a native stablecoin, which can be used for peer-to-peer transfers, providing a stable medium of exchange within the ecosystem. This stablecoin is crucial for maintaining stability in transactions and can be used in various financial operations, such as lending and borrowing.

The protocol has integrated a TAO bridge, allowing assets to be bridged from other ecosystems. This cross-chain liquidity enhances the versatility of Hatom, making it easier for users to move assets between different blockchain networks. Additionally, Hatom has completed successful smart contract audits, ensuring the security and reliability of its platform.

Hatom's lending and borrowing protocol is another cornerstone of its ecosystem. It enables users to access liquid capital without selling their positions, providing a flexible financial tool for managing liquidity. This feature is particularly useful for those who need immediate access to funds but do not want to liquidate their assets.

In summary, Hatom's ecosystem is dedicated to fostering DeFi on MultiversX, offering a range of products designed 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 access to DeFi services, emphasizing scalability and security within the MultiversX blockchain.

Hatom (HTM) has been making significant strides in the DeFi space, particularly within the MultiversX blockchain ecosystem. The project aims to provide a comprehensive suite of decentralized financial services, including lending and borrowing protocols, liquid staking, and a native stablecoin.

One of the earliest notable events for Hatom was the successful Token Generation Event (TGE), which marked the official launch of HTM. This event was pivotal in establishing the token's presence in the cryptocurrency market and setting the stage for future developments.

Following the TGE, Hatom announced the launch of their DeFi ecosystem, which includes a range of products designed to enhance the DeFi landscape on MultiversX. This ecosystem aims to offer secure, transparent, and user-friendly access to DeFi services, emphasizing scalability and security.

In a significant move, Hatom completed a smart contract audit, ensuring the security and reliability of their protocols. This audit was crucial for building trust within the community and attracting more users to their platform.

Hatom's Liquid Staking module has also garnered attention. This module allows users to stake their assets and receive sEGLD tokens in return, which are pegged to EGLD. These tokens can be used in various DeFi scenarios, such as collateralizing loans, providing additional liquidity, and earning staking rewards without the standard unbonding period.

The project has also made strides in bridging tokens. Over 33,400 TAO tokens have been bridged, and nearly 30,000 wTAO tokens are staked in their Liquid Staking module. This bridging of tokens enhances liquidity and provides more opportunities for users to engage with the platform.

Hatom's participation in Istanbul Blockchain Week was another key event, showcasing their commitment to staying at the forefront of blockchain technology and networking with other industry leaders. This event provided a platform for Hatom to present their vision and progress to a broader audience.

The launch of two modules on the mainnet further solidified Hatom's position in the DeFi space. These modules are designed to offer more robust and scalable solutions for users, enhancing the overall functionality and appeal of the Hatom ecosystem.

Additionally, Hatom's token joined a DeFi fund, which is a testament to the growing recognition and adoption of their platform within the DeFi community. This inclusion in a DeFi fund highlights the potential and value that Hatom brings to the table.

Hatom has also been proactive in releasing their roadmap, outlining future plans and developments. This roadmap provides transparency and sets clear expectations for the community, ensuring that users are well-informed about upcoming features and improvements.

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