Hatom is MultiversX's first liquidity protocol that empowers DeFi through various products. It is a complete Money market ecosystem that allows users to lend, borrow and stake their crypto assets at competitive interest rates.

Hatom is MultiversX's first liquidity protocol that empowers DeFi through various products.

Hatom Protocol is a decentralized, algorithmic lending, borrowing, and staking protocol built on the MultiversX Network. It offers a range of DeFi services, allowing users to participate as suppliers, borrowers, or liquidators. Suppliers can earn interest by providing liquidity, while borrowers can access overcollateralized loans.

Hatom combines the features of major DeFi protocols on Ethereum, including liquid staking, lending, and algorithmic stablecoin mechanisms. By introducing these capabilities, Hatom aims to enhance the MultiversX DeFi ecosystem and attract new capital, strengthening network security and enabling the emergence of new opportunities.

Hatom also plans to introduce a decentralized overcollateralized stablecoin called USH. This stablecoin, with its independent monetary policy, is expected to boost liquidity providers and generate extra revenue for the ecosystem and token holders. Users can mint USH by using EGLD and various ecosystem tokens as collateral.

Hatom

MultiversX is a Layer 1 blockchain network that employs sharding to address scalability, enabling the creation of decentralized applications for various purposes.

MultiversX positions itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. MultiversX blockchain can execute 15,000 transactions per second, with a six-second latency and $0.001 transaction cost.

EGLD is the native token of Elrond, which powers MultiversX. The protocol rewards community and active participants with EGLD tokens. It acts as a store of value currency to pay for network usage and serves as a medium of exchange between platform users and validators. The coin enables developers to deploy smart contracts, protocols, and dApps on the platform. EGLD holders can also vote on network decisions since it is endowed with the functionality of a governance token. Additionally, through staking and validation rewards, as well as transaction fees, EGLD manages the Elrond network.

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