Introduction

as of 02/01/2025

Launched in July 2023, Hatom Protocol has established itself as the first liquidity hub on MultiversX, aimed at driving growth within the DeFi ecosystem. Hatom embraces a forward-thinking approach, focused on the long-term sustainability of its products and the advancement of the DeFi market it serves.

The protocol emphasizes developing reliable, non-custodial financial products and has successfully deployed the first algorithmic lending protocol in the MultiversX ecosystem, creating a strong foundation for the increasing interest in the DeFi landscape.

To further our vision of a robust and sustainable DeFi space, we have introduced the first Liquid Staking Protocol, designed to boost liquidity in the MultiversX ecosystem while simultaneously enhancing the network's security.

In addition to these products, we have also built Hatom USD (USH), the first native stablecoin of the MultiversX ecosystem. USH is a decentralized, over-collateralized stablecoin, minted through multiple facilitators to ensure stability and transparency.

Expanding beyond a single ecosystem, we have also implemented a bridge connecting the MultiversX and Bittensor communities. The TAO Bridge enables seamless interoperability and secure asset transfers.

Currently, the DeFi space is saturated with copycat protocols that provide little utility and rely on high-emission governance tokens. These projects attract mercenary liquidity providers who supply tokens, earn yields, and exit their positions once profits diminish. As a result, these tokens are rapidly farmed, becoming virtually worthless.

To counter these challenges, we've introduced the Booster module within our ecosystem. This product is specifically designed to reward the most dedicated members of the Hatom community, promoting a more sustainable and efficient incentivization model. The Booster module ensures that a portion of the protocol's revenue is directed to HTM stakers, ensuring that rewards are exclusively distributed to our most committed stakeholders.

Crucially, our protocols are not simply forks but original solutions, engineered from the ground up. Each product has been meticulously developed to address the specific needs of our ecosystem and the broader DeFi landscape. We understand that security is the foundation of any DeFi product, which is why it remains our top priority across all offerings. Every aspect of our protocols undergoes rigorous evaluation, with multiple audits conducted by leading security firms to ensure their robustness. Currently, Hatom Protocol stands as the most audited suite of products within the MultiversX ecosystem, with over 20 comprehensive audits performed by reputable firms across our entire product line.

Hatom Ecosystem Flowchart :

This documentation serves as both a whitepaper and a comprehensive resource, providing all the essential information about our products and their unique value within the DeFi space. It offers an in-depth overview of our protocols, the underlying technology, and the strategic vision guiding our development. Whether you're a stakeholder, developer, or community member, this document will help you understand the full scope of our ecosystem.

Please join our Hatom community on Discord & Telegram. Hatom’s team and its community members will be glad to help you if you don’t find what you are searching for here.