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Liquid Staking

as of 17/06/2023
Liquid Staking is a module that allows users to stake their EGLD without locking up its value.
Users can delegate their EGLD to Hatom's whitelisted validators to secure the Network and receive a token called Staked EGLD (sEGLD); it's a reward-bearing version of EGLD that can be used within decentralized finance Apps such as Automated Market Makers (AMMs), Lending Protocols, and NFT Marketplaces.
Liquid Staking allows users to earn interest from staking EGLD with validators while having sEGLD that they can supply in the Hatom Lending Protocol.
Users will no longer have to choose between delegating their EGLD to the validators or supplying them to the Hatom Lending Protocol; they can do both and combine the rewards. Our protocol distinguishes itself by distributing EGLD across a network of whitelisted validators called Hatom Node Operators in a fair, decentralized manner. The allocation takes into account the liquidity and Annual Percentage Rate (APR) of each validator, thereby ensuring equitable distribution and optimizing returns for our users.
Hatom Novel Liquid Staking will allow its users to generate even more yield by introducing a boosted version of sEGLD called, HsEGLD.
HsEGLD or HatomStaked EGLD is an interest-bearing version of sEGLD and constitutes the Receipt Token you get when supplying the sEGLD on the lending protocol; HsEGLD combines both the Staking Rewards that are received from validators and the Borrowing Interest that are earned when supplying assets on the Lending Protocol. You can also activate HsEGLD as collateral and earn additional rewards if applied. xEGLD is a leveraged version of sEGLD, an Interest Compounding EGLD Index. This innovative solution enhances staking returns through a leveraged liquid staking strategy. Utilizing set's robust leverage token infrastructure, xEGLD multiplies the staking rate for sEGLD while minimizing transaction costs and risk associated with maintaining collateralized debt on the Hatom Lending App. Token holders can retain spot exposure to EGLD while amplifying their staking returns up to 3.3 times.
sEGLD, HsEGLD, and xEGLD will have their liquidity pools in a Stableswap Dex, providing stakers quick access to their staked funds and bypassing the 10 days cooldown period.
Our Liquid Staking solution has been crafted through a collaborative effort between our dedicated team at Hatom and the experts from MultiversX. Furthermore, the design and verification of the system have been meticulously executed in partnership with Runtime Verification.