Roadmap V2
as of 09/12/2023
Hatom has built a complete Ecosystem dedicated to fostering DeFi on MultiversX, offering a range of products designed to shape the Defi landscape, including a Lending Protocol, Liquid Staking, a Native Stablecoin, and a Bridge with other communities such as Bittensor. Hatom's Ecosystem is committed to providing users with secure, transparent, and user-friendly access to DeFi services while emphasizing scalability and security within the MultiversX Blockchain.
Milestones Achieved
Hatom Lending Protocol
Hatom has pioneered the development of the first non-custodial Lending Protocol on the MultiversX Blockchain. This groundbreaking protocol empowers users to engage in lending and borrowing of their crypto assets in an over-collateralized manner and allows users to unlock endless DeFi opportunities.
Status:
1. Ideation ✅
2. UI/UX Front-end: ✅
3. SC's Development: ✅
4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Hatom Indexer
Hatom has diligently built its own robust indexer, a similar infrastructure, akin to "The Graph" to facilitate front-end interactions. This microservice represents the most sophisticated component of the blockchain, boasting remarkable capabilities. It can effortlessly handle a minimum of 300 requests per second, showcasing its impressive performance. Furthermore, it can accommodate up to 100,000 simultaneous users, emphasizing its scalability and ability to cater to substantial user demand.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Hatom Liquid Staking
Liquid staking is a crucial component of the MultiversX blockchain, as it opens up numerous DeFi opportunities. Users can stake their assets with validators to receive staking rewards while also receiving sEGLD, a tokenized version of their position. This allows them to access the value of their assets and use it in different DeFi protocols to increase their earnings. Furthermore, our solution has a fair model that splits the liquidity fairly among all validators, making the blockchain even more decentralized.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Development of Chainlink-like Price Oracle
The Chainlink-like oracle is an infrastructure that consists of two components: the PriceAggregator Smart Contract and the Oracle Bots.
The PriceAggregator Smart Contract is heavily influenced by MultiversX's implementation but with a few functional changes. Its main role is to aggregate price submissions from whitelisted Oracles. These Oracles are responsible for fetching prices from external sources, such as well-known exchanges, and submitting the data to the PriceAggregator. Once a minimum number of submissions is reached (which is less than the total number of Oracles), a new median price is calculated and published by the PriceAggregator. Similar to Chainlink's price feeds, Oracles submit prices in "rounds," which typically occur every half an hour to one hour. However, if there is a sudden price change that exceeds a predefined "threshold," Oracles are expected to resubmit a price, regardless of the time elapsed since the last submission.
In addition to the PriceAggregator Smart Contract, we have developed a set of Oracle Bots. These bots are independent and containerized, and their purpose is to submit prices to the PriceAggregator Smart Contract. Each bot has its own private key, and the corresponding public key is whitelisted as an Oracle in the PriceAggregator Smart Contract, granting permission to push new prices. Each bot has its own set of price providers, which may overlap with other bots. The Oracle Bots perform two types of scheduled tasks: the "Heartbeat Task" and the "Threshold Task." The Heartbeat Task is less frequent and runs at a period defined by the round time of the PriceAggregator Smart Contract. It ensures that a price is always pushed. On the other hand, the Threshold Task runs more frequently. It fetches prices from the designated sources, compares them to the last submitted price, checks if the set threshold has been exceeded, and only then resubmits the price if necessary.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Guardian Bot
The Guardian is a bot that has been specifically designed to closely monitor the lending protocol. Its role is to track price feeds from the Chainlink-like oracle and the safe price, compare them, and identify any irregularities or discrepancies in the prices of the integrated assets. The bot will also autonomously pause the protocol in such occurrences and notify us for additional monitoring and necessary action.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Hatom V1.5 Design
Hatom launched a revamped and highly advanced version of the Hatom Platform. This release solidifies Hatom's position as a prominent "DeFi Hub," offering a diverse range of cutting-edge products. Users can now access a feature-rich Lending app, a groundbreaking Liquid Staking Module, a Native Stablecoin solution, and a host of other innovative products. The new platform boasts a unique and enhanced user experience and user interface, ensuring seamless navigation and interaction for our community.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅
3. Devnet Testing: ✅ 4. Mainnet Release: ✅
Integration of Synthetic Tokens
Hatom successfully integrated reputable tokens such as WETH and WBTC into the ecosystem, enhancing the overall liquidity and expanding DeFi opportunities while maintaining a secure protocol.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
HTM Booster
Hatom introduces the Booster Module, an innovative core module of the protocol that allows users to significantly boost their yield by staking HTM tokens. By staking just 10% of their collateralized assets in the Lending Protocol, users can unlock additional Annual Percentage Yield (APY) on top of the base rate, enhancing their overall returns.
The Booster Module, applicable across various assets, is not only integral to the lending protocol but also influences the Liquid Staking Module, USH, xEGLD, and other forthcoming Hatom products. This interconnectivity ensures that the Booster Module boosts the efficacy and appeal of the entire Hatom Ecosystem and it's a vital component in maximizing DeFi opportunities within Hatom, underscoring the platform's commitment to innovation and user-centric financial solutions.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Accumulator
The Accumulator represents a significant advancement in Hatom's rewards framework, providing users with the option to claim their rewards in either USDC or HTM tokens, with the latter offering an additional 5% increase in the total claimed rewards value.
Facilitated by xExchange and integrated with AshSwap Aggregator with V2, this feature enables precise control over the exchange conditions as it allows users to set the slippage, thereby optimizing the reward-claiming process. Beyond enhancing rewards, the Accumulator is instrumental in increasing HTM token demand and volume across the ecosystem.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
TAO Bridge
Hatom introduces the TAO Bridge, a key development in the Hatom Hub, linking MultiversX with Bittensor. This bridge facilitates the use of TAO in various DeFi protocols within the MultiversX ecosystem. The Bridge is meticulously designed to guarantee secure and efficient transfers, thus amplifying TAO's utility and it enables the integration of TAO into Hatom's Lending Protocol, where users can explore various financial strategies, including long, short, and hedging positions. Additionally, the bridge facilitates TAO's use on platforms like DX25Labs and AshSwap, further diversifying its application within the MultiversX ecosystem.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
TAO Liquid Staking
Complementing the TAO Bridge, Hatom also developed the innovative Liquid Staking Module for TAO, allowing its users to earn staking rewards while simultaneously retaining liquidity to be used in the broader DeFi ecosystem. Upon depositing in the Liquid Staking Module, users are able to increase their yield through other opportunities in the ecosystem. This method aligns seamlessly with the dynamic needs of the DeFi community, providing a sophisticated solution that optimizes both the utility and the liquidity trade-off, thus enabling users to maximize their investment outcomes.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ✅
Future Milestones
Booster V2
Booster V2 is Hatom's latest update to the V1 model of the HTM Booster, allowing broader participation beyond just HTM deposits. Users can now include LP positions with HTM/EGLD pairs and other related HTM pairs across all exchanges on MultiversX Ecosystem, as well as FarmLP and MetaStaking tokens, focusing on the HTM weight in these LPs.
This version introduces automatic rebalancing at the protocol level for greater efficiency, removing the additional transactions and gas fees required in Booster V1. Additionally, Booster V2 influences Liquid Staking, affecting delegation eligibility and the algorithm for Hatom Node Operators (HNOs). In Booster V2, Hatom Node Operators (HNOs), must hold a specified minimum amount of HTM to be eligible for delegations.
Currently, the EGLD is staked to random validators based on their score which is based on the liquidity that they have and their APR. With the launch of Booster V2 and its integration into the Liquid Staking, the score will also be impacted by the amount of HTM each HNO has, leading to a potential increase in their delegation power.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ⏳
Governance Module Similar to Governor Bravo
Hatom has seamlessly integrated a robust Governance Module, empowering HTM holders to play a pivotal role in the governance process. As key participants, they will have the ability to vote on multiple proposals at the same time and shape the future of essential DeFi protocols on the MultiversX blockchain. HTM holders will possess a strong voting power, enabling them to make crucial decisions regarding major system upgrades, including the addition of new tokens, integration of features, and numerous other important aspects. Their active participation will contribute to the evolution and growth of the ecosystem.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ✅ 4. Devnet Testing: ✅ 5. Mainnet Release: ⏳
Soul Website
Soul Protocol, a Layer X+1 Blockchain Infrastructure, addresses the complexities of cross-lending in the DeFi space. Leveraging interoperability technologies like LayerZero, CCIP, and Axelar, it unites liquidity across various blockchains and major lending protocols, including Aave, Compound, Venus, and Morpho.
This integration is poised to draw liquidity from reputable chains to MultiversX, significantly boosting its ecosystem's liquidity. Insights into Soul Protocol's innovative approach will soon be available on its upcoming website, providing a comprehensive overview of its vision and impact on the DeFi sector.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. Devnet Testing: ✅ 4. Mainnet Release: ⏳
Leveraged Liquid Staking
xEGLD is an index representing a leverage liquid staking strategy; this strategy involves using sEGLD supplied in the lending protocol as collateral to borrow EGLD. The borrowed EGLD is then staked through liquid staking to earn staking APY and receive more sEGLD, which is supplied in the lending protocol and used as collateral to continue the cycle.
EGLD and sEGLD are correlated, which reduces the risk of liquidation as they behave similarly. If the price of EGLD decreases, the price of sEGLD also decreases, and if EGLD increases, sEGLD increases as well, ensuring the safety of the leverage position in the lending protocol. Additionally, Hatom uses the liquid staking smart contract as a price oracle for sEGLD in the lending protocol. This eliminates the risk of liquidation caused by sEGLD losing its peg on DEXes, thereby enhancing the security of xEGLD.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
"USH" First Native Stablecoin
Hatom USD (USH) is an innovative over-collateralized stablecoin, poised to be the first stablecoin on the MultiversX blockchain. It operates with an independent monetary policy and is backed by a diverse array of liquid tokens within strict parameters. It will be supported by three key facilitators, starting with its seamless integration into the lending protocol. This integration allows users to use their assets as collateral to mint USH, benefiting from a unique feature that provides reduced interest rates on USH minting when certain assets are used as collateral.
The second facilitator within the Hatom ecosystem is the Isolated Pools, offering a unique approach for minting USH using EGLD and sEGLD. In these pools, users can supply EGLD or sEGLD without a supply APY, enabling them to mint USH without incurring any minting fees. The supplied EGLD is staked for sEGLD through Liquid Staking and then used in the Lending Protocol to generate base APY.
Boosted Vaults are the third USH facilitator, designed to deepen USH liquidity and promote interoperability with other protocols. By depositing any supported assets into these vaults, users can contribute to liquidity pools on exchanges such as AshSwap, DX-25, or xExchange without needing to sell their assets. Hatom mints an equivalent amount of USH for liquidity, allowing users to earn double rewards with the user paying only the impermanent loss on the farm position.
USH will also feature a Staking Hub, enabling users to deposit USH and receive sUSH, an interest-bearing stablecoin. The minting fee generated through the Lending Protocol and the rewards accrued from the nodes through the Isolated Pools together with any fees from the Boosted Vault will be redirected back into the sUSH index, offering a continuous and dynamic yield to sUSH holders.
USH will also be available for minting with wTAO, establishing it as the first stablecoin to be backed by TAO. This unique integration extends the utility of USH, offering an innovative option for TAO holders to engage with their assets and participate in the broad DeFi ecosystem.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
Soul V1
Soul V1, upon its release, will strategically focus on integrating with top-tier lending protocols such as Aave, Compound, and possibly Morpho aiming at fostering secure and impactful connections across their respective networks. Users of Soul V1 will have the capability to supply assets directly to Aave on Arbitrum and take a borrow through the Soul interface from protocols such as Compound on Ethereum, enabling seamless cross-chain borrowing functionalities.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
Hatom V2 Design
Hatom is set to unveil the highly-anticipated Hatom Platform V2, amplifying its stature as a future powerhouse in the DeFi ecosystem. This upcoming launch is poised to significantly broaden Hatom's spectrum of cutting-edge products.
The new version will also change the homepage and how everything is displayed, characterized by an even more intuitive and sophisticated user interface, anticipating a seamless navigation and interactive experience. On its release, the Hatom Platform V2 will stand as a testament to Hatom's continuous innovation, paving the way for the future of DeFi.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ✅ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
Hatom Omni-Chain Expansion
Hatom is expanding to an Omni-Chain model and deploying essential modules like the Lending Protocol, Liquid Staking, USH Stablecoin, Booster, Accumulator, and TAO Bridge across various blockchains, using Soul Protocol as the main infrastructure to create a connected ecosystem. This strategic move aims to establish a dynamic, omni-chain liquidity protocol through Soul, enhancing the usability and reach of HTM tokens.
The protocols will be deployed one blockchain at a time, with a focus on achieving self-sustainability on each chain before further expansion. This approach ensures that, regardless of the distinct ecosystem of each chain, the protocol consistently offers optimal earning opportunities for users, without the reliance on liquidity mining.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ⏳ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
Soul V2
Soul V2 is set to significantly advance DeFi, following Soul V1’s resolution of cross-lending challenges. It will enable the use of a broader range of tokenized assets, including real estate and bonds, as collateral for loans. This integration within Soul’s chain-agnostic framework allows users to secure credit lines through prominent lending protocols like Aave and Compound using tokenized assets as collateral, enhancing flexibility and unlocking asset liquidity. Soul V2 marks a major step in transforming RWAs into versatile financial tools within the blockchain ecosystem, streamlining access to secure, asset-backed credit lines.
Status:
1. Ideation: ✅ 2. UI/UX Front-end: ⏳ 3. SC's Development: ⏳ 4. Devnet Testing: ⏳ 5. Mainnet Release: ⏳
Hatom dApp SDK
Implementation of Hatom dApp SDK providing easy-to-use methods to interact with the Hatom Ecosystem.
Hatom Risk DAO
Hatom will gradually be transitioning towards a full-fledged Risk DAO. This significant initiative seeks to aid the community in skillfully managing risks and capitalizing on emerging opportunities with increased assurance. Moreover, the Risk DAO will serve a pivotal role in propelling the decentralization of the Hatom Protocol, establishing a governance structure that is entirely decentralized and empowers community members to actively participate in decision-making procedures. Through the implementation of the Risk DAO, we are committed to cultivating a secure and community-driven ecosystem that fosters sustainable growth for Hatom.
Integrating FlashLoans On MultiversX
Hatom anticipates that the MultiversX blockchain will host multiple decentralized exchanges. To keep up with the growth, we plan to introduce Flash Loans to the MultiversX ecosystem. Flash Loans represent a new form of un-collateralized lending and can introduce various economic possibilities to the blockchain.
Flash Loans are an innovative concept in the world of decentralized finance that allow users to borrow funds without the need for collateral. They provide instant access to a large pool of liquidity, enabling users to borrow a significant amount of funds for a very short period, typically within a single transaction block.
By integrating Flash Loans into the MultiversX ecosystem, several benefits and possibilities can arise.
Create the Hatom mobile app
The development and launch of the Hatom mobile app will consolidate and showcase all the products and services that Hatom has developed in accordance with its roadmap.
Last updated