HATOM A LENDING PROTOCOL ON ELROND BLOCKCHAIN

Hatom Protocol is a decentralized lending and borrowing protocol that operates on Elrond Ecosystem. This means that users can borrow or lend elrond standard digital tokens. 

ELROND BLOCKCHAIN

Elrond is a fast, scalable and a secure blockchain, elrond has gained so much popularity in the past few months which one of the reason is the ability to resist the bear market. You will agree with me that in this current bear market the rate at which Egold dipped is lesser than other alt coin so there is so much speculation on social media concerning this block chain. There are lots of development going on in Elrond Network which includes accessing elrond standard digital token on trustwallet. As a beginner, I will advice you to read this article to get more insight on elrond blockchain.

HATOM PROTOCOL

Hatom Protocol is a decentralized algorithmic protocol for lending and borrowing assets on elrond network. Hatom protocol allows suppliers to earn a passive income while borrowers will be able to borrow in an over collateralized manner. Hatom was developed with its users at its core, It is designed in a way all users can earn either ways and have the right to vote in assets they want to see. Hatom Protocol, despite being a new project is growing fast and already in partnership with other projects on Elrond Network, one of their strategic partnership is with Ratherlabs firm.

RISK MANAGEMENT

Of course there should be a risk management for lenders or investors. Hatom team designed smart contracts to enforce liquidation when risk is present. Hence protection is provided to manage risk. There is a good degree of transparency because stored data on the blockchain is publicly available.

ASSETS CURRENTLY AVAILABLE

Hatom Protocol app will be launching with $EGLD, $MEX, $USDC, $RIDE. This is my own speculation as though the app is still in a demo form. I speculated the following tokens due to the pinned on twitter page. 

Get “a glance of Hatom’s incoming platform”, where users will be able to supply & borrow $Egld, $Mex, $Usdc and $Ride

Reminder: this is only a demo, the app isn’t available yet and will undergo deep auditing before the Mainnet launch. https://twitter.com/HatomProtocol/status/1527023401906409475/video/1

— Hatom Protocol 🌱⚡️ ( @HatomProtocol ) May 18, 2022