đ¨ Protocol Update #9 It's incredible how time flies... when youâre laser-focused on building and delivering the essential products that form the backbone of decentralized finance. Hatom has now been live on the Mainnet for over a year, and we're proud to say that this entire period has been free of issues or downtime. Our platform has been battle-tested during volatile market conditions, and each of our products has performed exactly as expectedâsolidifying our place as a cornerstone in the #MultiversX ecosystem. Describing last year as âincredibleâ feels like an understatement. Weâve witnessed unprecedented growth across the entire #MultiversX ecosystem, particularly in terms of TVL and yield opportunities. The day before Hatom launched its Lending Protocol and Liquid Staking on Mainnet, #MultiversX had a total TVL of $95 million. Within two weeks, the ecosystem surpassed $200 million in TVL, with Hatom driving over 50% of that growth. At its peak, Hatom reached over $280 million in TVL, accounting for more than 70% of the chainâs total TVL. What's even more remarkable is that, after initially using Treasury funds to incentivize users, Hatom has shifted to distributing rewards solely from protocol revenue. This marks the start of a fully sustainable, real-yield model, proving our products' rapid product-market fit and long-term viability. A Recap of the Past Year Hereâs a quick overview of what weâve accomplished in the past year: ⢠Launched the first Lending Protocol in the #MultiversX ecosystem, along with the Liquid Staking Protocol on Mainnet. ⢠Surpassed $100 million in TVL within just five days of the launch. ⢠Deployed the HTM Booster Module and Accumulator. ⢠Launched the Tao Bridge and Tao Liquid Staking, bringing over 33k $TAO into the #MultiversX ecosystem in just two weeks. ⢠Implemented multiple upgrades to core infrastructure. ⢠$HTM became the second-largest ESDT token after $EGLD. ⢠Distributed over $3.85 million in rewards to our users. We are happy to announce that Hatom V2 is now live! After an incredible year of growth, weâre excited to take the next step toward becoming the leading liquidity hub across multiple chains. We invite you to explore our newly rebranded website at marking the beginning of our omni-chain journey. This rebranding reflects our bold vision and sets the stage for a full overhaul of our dApps, delivering a fresh and enhanced experience for all users. Achieving self-sustainability in such a short time, we now focus on research and development. Instead of pursuing many ideas, weâre committed to building high-impact products that create perfect synergies within our ecosystem. With that said, letâs dive into the key topics of this update: USH and Booster V2. Hatom USD (USH) Weâve highlighted USH in several updates, and itâs great to see the community recognizing its potential. USH is set to be one of the most impactful products on #MultiversX, providing a key revenue stream for Hatom while helping us maintain competitive rates and long-term sustainability. USH is the result of extensive research and careful development, designed to seamlessly fit into the Hatom ecosystem. While many DeFi projects are raising millions for new stablecoins, USH stands as another powerful product within our hub. The time has finally come for USH to be unveiled to the public, and we are excited to announce that USH will officially launch on Devnet on 28th October. While weâve thoroughly tested for bugs internally, weâre excited to engage the community in this critical phase. To encourage participation, weâll offer incentives for those testing USH on the Devnet, with more details to be shared at launch. Understanding USH's architecture is key to how it functions within our ecosystem. Letâs break it down step by step, starting with an explanation of each component. Facilitators USHâs minting process is driven by Facilitatorsâsmart contracts responsible for the controlled minting and burning of USH. At launch, two primary facilitators will handle these tasks, each with distinct functionality: 1. Lending Protocol Facilitator The Lending Protocol Facilitator allows users to mint USH using a variety of supported collateral assets directly into the Hatom Lending Protocol. Unlike traditional lending mechanisms, where interest rates fluctuate based on the utilization rate, the minting of USH has fixed interest rates, thanks to Hatom's unique role as the entity managing the minting process. In a scenario where a user is minting USH through this facilitator using multiple assets as collateral, the protocol automatically prioritizes collateral with the lowest Minting APY. Letâs consider an example where a user deposits: - $1,000 in USDC (with a collateral factor of 80% and a 2% Minting APY) - $1,000 in BTC (with a collateral factor of 75% and a 3% Minting APY) - $1,000 in HTM (with a collateral factor of 70% and a 4% Minting APY) Based on these parameters, the user can mint a maximum of $2,250 worth of USH, distributed as follows: - $800 from $USDC (80% of $1,000) at 2% Minting APY - $750 from $BTC (75% of $1,000) at 3% Minting APY - $700 from $HTM (70% of $1,000) at 4% Minting APY The overall Minting APY will be a weighted average of these individual APYs, calculated based on the proportion of USH minted from each collateral type. Now, if the user decides to borrow only $1,000 worth of USH, the APY is determined as follows: - The first $800 will be borrowed from $USDC at 2% APY - The remaining $200 will be borrowed from $BTC at 3% APY This results in an effective Minting APY of 2.2%, reflecting a weighted average of the APYs across the borrowed amounts. Itâs important to note that EGLD and wTAO, along with their liquid staking derivatives such as sEGLD and swTAO, can only be used as collateral in the Isolated Pools (which will be explained in the next section), not in the Lending Protocol 2. Isolated Pools Facilitator The Isolated Pools Facilitator allows users to mint $USH at zero interest using $EGLD, $wTAO, or their liquid staking derivatives ( $sEGLD or $swTAO) as collateral. Hereâs how it works: When depositing EGLD or wTAO ⢠These assets are staked through the Hatom Liquid Staking Protocol, generating the staking APY. ⢠The staked assets are then deposited into the Lending Protocol, earning a supply APY, but are not activated as collateral. When depositing sEGLD or swTAO ⢠When users deposit staking derivatives into the Isolated Pools, the protocol holds the staking derivatives, but the user's exposure is immediately shifted to the underlying asset ( $EGLD or $wTAO). This means the user no longer benefits from the staking rewards of the derivative, and instead, their exposure is entirely tied to the value and price movements of the underlying asset. ⢠The staked assets are deposited into the Hatom Lending Protocol, earning the supply APY, but again not being activated as collateral. Since the protocol generates revenue from staking and supplying assets in the Lending Protocol, this income is used to incentivize the USH Staking Module. The protocol buys HTM tokens from the open market and distributes them, along with all fees generated by other facilitators, as rewards to stakers. We believe that the Isolated Pools Facilitator is one of the most important pieces of the USH ecosystem. Its potential impact on the TVL within both the Hatom ecosystem and the broader #MultiversX blockchain is immense and the revenue generated by this facilitator through fees will significantly bolster the overall growth of the protocol. To illustrate the potential of Isolated Pools, letâs use the following example: ⢠$50 million worth of $EGLD is deposited into the Isolated Pools, generating a 6% staking APY ⢠$50 million worth of $wTAO is also deposited, earning a 15% staking APY The total staking rewards generated from these assets would be: ⢠$EGLD staking rewards: $50 million Ă 6% = $3 million annually ⢠$wTAO staking rewards: $50 million Ă 15% = $7.5 million annually In total, the protocol generates $10.5 million in staking rewards annually. These rewards are then used to buy back HTM tokens from the open market, driving significant buying pressure on the HTM token itself. The purchased HTM tokens are distributed to USH LP stakers in the USH Staking Module, alongside the revenue generated by the Lending Protocol Facilitator. TVL and Yield Impact As we explore the broader impact of USH and the Isolated Pools, it becomes evident how these mechanisms contribute to the overall growth of the Hatom ecosystem, particularly in terms of TVL and potential yield generation. Based on the above numbers, if $50 million worth of $EGLD and $50 million worth of $wTAO are deposited into the Isolated Pools with a 75% collateral factor, we could mint up to $75 million worth of $USH. However, to prioritize safety, weâll mint only 50% of the maximum, resulting in $37.5 million worth of $USH. In an ideal scenario, but also very unlikely, the $37.5 million $USH would be deposited in the Staking Module to generate rewards. In order for $USH to be deposited in the Staking Module, it is paired with another token (e.g., $USDC or $EGLD) to form Liquidity Pool (LP) position, contributing $75 million to the USH Staking Module. Additionally, the $100 million deposited in the Isolated Pools cycles through Liquid Staking and into the Lending Protocol, contributing a total of $300 million in TVL. Total TVL Breakdown: ⢠$300 million from assets flowing through Isolated Pools ($100m) â Liquid Staking ($100m) â Lending Protocol ($100m) ⢠$75 million from LP positions in the USH Staking Module Total TVL = $375 million As mentioned above, the $100 million deposited in Isolated Pools generates approximately $10.5 million annually in staking rewards (6% APY from $sEGLD and 15% APY from $swTAO). If all minted $USH is deposited into the Staking Module, the $75 million staked would benefit from these rewards, resulting in a 14% APY for USH LP stakers. On top of the protocolâs rewards, liquidity providers earn additional fees from their LP positions on decentralized exchanges, creating the perfect opportunity for all the participants in the USH Staking Module looking for attractive yields. USH Stability: The Peg Mechanism Ensuring the stability of USH is paramount, and to maintain its value close to $1 under all market conditions, weâve implemented a robust dual peg mechanism. This system consists of two key layers of protectionâSoft Peg and Hard Pegâdesigned to keep USH stable through both market-driven incentives and other mechanisms for scenarios where the Soft Peg mechanism canât reclaim the peg. 1. Soft Peg Mechanism The Soft Peg Mechanism helps keep USH stable around its $1 value by encouraging market participants to act when USH trades above or below $1. When USH trades below $1 Users can buy USH at a discount, on a DEX, and repay their USH loans on Hatom, as USH is always valued at $1 on the protocol. This action removes $USH from circulation, helping to restore its price. When USH trades above $1 Users can borrow USH from the protocol at $1 and sell it on the open market at the higher price, increasing the circulating supply of USH and pushing its price back down to $1. 2. Hard Peg Mechanism (Redemption Mode) In cases where the Soft Peg alone cannot restore USH to $1 and its price drops significantly below the peg, the Hard Peg Mechanism is triggered through Redemption Mode. This mechanism allows any market participant to step in and help restore the peg by repaying USH loans for other borrowers, seizing their collateral at the full $1 value. It's important to note that Redemption Mode is only activated in the Isolated Pools and does not impact users minting USH through the Lending Protocol. Hereâs how Redemption Mode works: When USH trades below $1 and the Redemption Mode is activated, redeemers can buy USH at the lower market price (e.g., $0.95), and use it to repay borrowers' debts at the full $1 value within the protocol. The redeemer receives collateral in the form of liquid staked tokens(such as $sEGLD or $swTAO) equivalent to the USH they repaid at its full $1 value, profiting from the difference between the discounted purchase price and the redemption value. The borrower being redeemed also benefits by receiving a redemption bonus, which allows them to keep a portion of their collateral after part of it is seized after loan was repaid. This system ensures that borrowers are not penalized during redemption, creating a balanced mechanism where both the redeemer and the borrower have something to gain. Redemption Mode differs from Liquidation in several ways: Redemption is triggered by USH falling below $1 and involves repaying borrower accounts to restore the peg. Both the redeemer and the borrower benefit, with the redeemer profiting from the price difference, and the borrower receiving a bonus from their collateral. Liquidation occurs when a borrowerâs collateral falls below a certain threshold, making them risky. During liquidation, a portion of the borrowerâs loan is repaid, and the collateral is seized, while also incurring a liquidation penalty. Redemption Mode uses a data structure known as a Red-Black Tree to efficiently monitor and rank all borrower positions within the protocol smart contract itself. This structure dynamically tracks borrowers based on their Borrow Limit Used, which is the percentage of collateral they have utilized relative to their borrowing capacity. The system prioritizes borrowers with the highest Borrow Limit Used, meaning those who have borrowed the most relative to their collateral are considered first for redemption. USH Airdrop Regarding the USH Airdrop, we would like to inform you that snapshots will end once USH is deployed on the Public Mainnet. The airdrop will be concluded shortly after, once all liquidity pools are stable and we determine the optimal moment to distribute the rewards to the community. USH Staking Module & Booster V2 The USH Staking Module will play a critical role in maintaining deep liquidity for USH while offering users high-yield opportunities. By staking USH LP tokens, such as USH/USDC and USH/EGLD, users can earn rewards generated by USH facilitators. This approach strengthens USHâs liquidity pools, making them robust enough to handle significant trades without destabilizing its price, thus reinforcing USHâs peg and overall stability. Beyond creating robust liquidity, the USH Staking Module serves as the key utility module within the USH ecosystem, designed to provide users with an opportunity to earn high yields on their USH holdings in a sustainable and organic way. All rewards distributed through the module are generated by various products across the Hatom ecosystem, ensuring long-term sustainability. For users seeking a more stable yield, the USH/USDC LP provides lower risk and steady returns. Those looking to leverage their EGLD holdings can opt for the USH/EGLD LP, which can be staked in the USH Staking Module. A key advantage of staking in the USH Staking Module is that rewards are based on the full value of the LP, not just the USH portion, maximizing your yield potential. As we continue to grow, weâll be adding more LPs, providing users with even greater flexibility and options for staking their USH in the module. While our current focus is on LP tokens, weâre also exploring the possibility of allowing direct USH staking in the future, expanding the staking opportunities across the ecosystem. The Integration of Booster V2 with the Staking Module Booster V2 will be available for testing with the USH Devnet release, and with its introduction, weâve strengthened the relationship between the HTM token and USH. Our ecosystem now features two independent boosters: one for the Lending Protocol and one for the USH Staking Module, each operating with the goal of maximizing yields for users. Key Improvements in Booster V2 Booster V2 brings several enhancements that elevate the functionality and user experience: Support for Multiple Token Types: Users will be able to deposit Pool Tokens, Farm Tokens, Dual Farm Tokens, or Staked HTM Tokens (via xExchange). Only the HTM portion will be considered for boosting. Unlimited Staking: The cap on HTM deposits will be removed, allowing users to stake without limits. This will foster a competitive environment where the more HTM you stake, the higher your potential APY. Integrated xExchange Management: Users will be able to manage their xExchange positions directly from the Booster dashboard. This will include creating pools, farming, dual farming, and staking HTM tokens, all from one convenient dashboard. Energy Management Integration: Booster V2 will allow users to manage their xExchange Energy directly from the dashboard, providing an additional way to boost rewards even further. Seamless Migration: Users will be able to migrate HTM between the Lending Protocol Booster and the USH Staking Module Booster without any cooldown periods, making it easier to optimize strategies across both modules. How the Yields Work Booster V2 will introduce a more structured and competitive approach to yield distribution across both the Lending Protocol and the Staking Module. HTM Booster in the Lending Protocol Base APY (First Batch): This is available to all users who stake a specific percentage of HTM relative to their collateral value. Any user can achieve this Base APY by staking the required amount of HTM. Boosted APY (Second Batch): After achieving the base level, users can boost their returns further by staking additional HTM, competing for the second batch of rewards. The more HTM staked beyond the base threshold, the higher the potential yield. USH Staking Module Yields Staking APY: Users who deposit USH-related LP tokens without boosting through the HTM Booster will still receive a Staking APY. This ensures that even passive participants which are not looking to stake their HTM in the Booster can take advantage of the USH Ecosystem to generate yields. Booster APY: Similar to the system in the Lending Protocol, users can stake HTM to unlock a Base APY. Beyond this threshold, any additional HTM staked will increase their APY in a competitive manner, allowing users to maximize their returns based on the amount of HTM they commit to boosting their positions. Rollout Plan for USH USH will be deployed in a phased rollout to ensure smooth implementation: Public Devnet: Open for testing, with incentives for participants to explore and stress-test the platform. Private Mainnet: A limited launch with partners to mint USH, bootstrap USH liquidity and generate initial protocol revenue. Public Mainnet: A full-scale launch, enabling all users to mint, stake, and trade USH. We know DeFi can be complex, which is why weâre committed to providing the tools and resources needed to navigate our ecosystem. With the USH Public Devnet launch, weâll release updated documentation offering clear guidance on Hatomâs products. Developer documentation is also in the works, and weâre exploring the idea of a Hatom Academy for educational resources. Plus, weâll soon roll out content focused on USH, helping users fully tap into its potential within Hatom and the MultiversX ecosystem. Whatâs Next? Hatom Pulse As Hatom grows, our focus remains on pushing DeFi boundaries while expanding across multiple ecosystems. Although this update doesnât include a full roadmapâthat will come laterâour priority is clear: expanding Hatom across chains. To stand out in the competitive DeFi landscape, weâre committed to developing standout products. With that in mind, weâre excited to give you an exclusive preview of one of our most innovative products in development: Hatom Pulse. Over-collateralized non-custodial lending protocols, liquid staking, and over-collateralized stablecoins already exist on #Ethereum. What sets us apart is the synergy between these components within a unified ecosystem. By integrating these pillars, we tackle capital inefficiencies, allowing one protocol to enhance strategies that benefit the others, maximizing returns across the board. For example, when USH is minted, it means that EGLD is deposited, liquid-staked, and supplied in the lending protocolâall three protocols working in harmony. Hatom Pulse will elevate this synergy to another level, solving key issues faced by Aave, Compound Labs , and other leading protocols. We believe this innovation will be pivotal as we work to gain market share while expanding cross-chain. Our proof of concept will be deployed and battle-tested on #MultiversX, but the real growth will come when we scale this to markets that are thousands of times larger. This will be a turning point for Hatom. So, what is Hatom Pulse? On Hatom, like on Aave and other leading lending protocols, the largest assets used as collateral are often not borrowed, leading to substantial revenue loss for the protocol. This also results in very low income on the supply side, as borrowing fees depend on utilization rates, which only increase when borrowing activity rises. Generally, lending protocols are used to provide assets for borrowing stablecoins or for leveraging liquid staking strategies. This inefficiency locks up billions of dollars in dormant assets, and users earn very low supply rates on their collateral, which doesnât help offset their loan interest. Hatom Pulse is designed to address these inefficiencies by leveraging the synergy between our existing products. It creates sophisticated vaults that activate dormant assets, unlocking advanced yield opportunities through a delta-neutral strategy. By utilizing assets like $EGLD, $sEGLD, $wTAO, and $swTAO, Hatom Pulse enables users to engage in delta-neutral strategies, where we long and short these assets on (CEXs), earning funding rates and staking rewards while keeping their assets intact. (The exact strategy, along with all the details, will be shared once USH is fully established). Initially, these vaults will operate on CEXs, where liquidity is highest, and will be managed through custodians like Copper.co to mitigate counterparty risks. Later, we plan to extend this to DEXs where all operations will be governed by smart contracts, ensuring full decentralization. serves as a strong proof of concept for us in this regard. However, our strategy will differ, as our focus will be on protecting the unit value, rather than the dollar value. Although Hatom Pulse is still in its research phase, early estimates suggest that this product alone could generate over 18% annual returns on $EGLD and more than 35% on $wTAO, with what we believe to be minimal risk. Itâs important to note that these figures reflect current metrics based on internal calculations and may slightly differ upon product launch. But imagine reaching this on #Ethereum, while allowing users to borrow using their assetsâthis could be a disruptive protocol. We believe Hatom Pulse has the potential to become a cornerstone product as we transition into an omni-chain future. In a competitive DeFi landscape, it could give us a significant edge by offering something truly groundbreaking, capable of competing with well-established protocols across various chains. This strategy represents immense untapped potential. Hatom Pulse is being developed for risk-averse users who seek higher returns without excessive risk. By addressing inefficiencies in current DeFi strategies, we aim to offer a secure, robust option for yield generation that could rival established protocols. It's been an intense year for our team, and we sincerely thank the community for their patience, trust, and unwavering support as we've worked hard to build and deliver these groundbreaking products. As Hatom's omni-chain expansion nears, we remain focused on improving our existing products and researching new innovations to stay ahead in this competitive market. Our goal is to build a comprehensive DeFi ecosystem, accessible across all blockchains. With USH approaching its Mainnet release, we're proud of how our products have reshaped the DeFi landscape on MultiversX. By filling key gaps in the on-chain economy, we've created opportunities for users to generate yield, unlock the potential of decentralized finance, and provide strong utility for EGLD. In just over a year, weâve built a strong ecosystem, but this is only the beginning. Weâre ready to go even further, developing better products and unlocking new opportunities for our users. Weâll share more about our expansion plans in a dedicated post, staying focused on what matters most. Rest assured, whatâs coming will be truly impressive for Hatom and our growing community!show more

Hatom Labs
182,801 views ⢠1 year ago
As we prepare to launch several projects, we're eager... to provide a general update to our community. We are steadily approaching our end goal, thanks to the daily progress we're making toward our vision. Achieving our objectives will bring about a significant transformation in cross-chain interoperability and the flow of liquidity within protocols. This will address crucial challenges and drive mass adoption. Our future-focused approach and effective team collaboration keep us moving forward in an organized manner. Letâs delve deeper into the state of development of our current products and upcoming projects. Tao Bridge Starting with the Tao Bridge, which enables the #Bittensor community to unlock DeFi opportunities with their $TAO via a highly efficient blockchain like #MultiversX, known for its security, speed, and affordability. We deeply admire #Bittensor and believe a project like that is crucial for the future of not just the crypto space but also humanity, as it addresses the major challenges AI faces today: centralization, siloed and isolated work, which pose risks and hinder the technology's potential. We are committed to the vision of subnets and dynamic $TAO, convinced that this ecosystem is as groundbreaking as #Ethereum or #Bitcoin. We will continue to support #Bittensor wherever possible, and our bridge will also expand to other chains with Hatom V2. The TAO Bridge, deployed on and accessible through will launch on the Mainnet in 14 days, on March 27th. You can follow the countdown on the lending page at Given that our main priorities are security and stability, this period will be primarily focused on quality assurance to ensure a flawless Mainnet launch. The launch will also introduce TAO Liquid Staking at along with the integration of both $wTAO and $swTAO on the lending page. This allows #Bittensor users to leverage liquid stake, employ short or long strategies, among other DeFi strategies, or simply access stablecoin liquidity while maintaining exposure to their $TAO. Up to $1M will be distributed as additional incentives on top of the supply APYs at the launch of the $wTAO and $swTAO money markets, with $200K allocated for the first month specifically for bootstrapping. Initially, 70% of rewards will go to liquidity providers, and 30% to those using $HTM to boost their lending positions. This changes to a 50-50 split in the second month, and by the third month, all incentives are directed through the Booster. This approach encourages early participation and sustained engagement with $HTM. Introducing $TAO to #MultiversX will result in the creation of Liquidity Pools (LPs) on both AshSwap đĽ and xExchange âĄ. These LPs will be incentivized by both entities, and Hatom will distribute extra rewards at launch. The goal is to make #MultiversX a one-stop hub for $TAO holders. Upon stabilizing the volumes, there will also be plans to integrate it on AshPerp đĽ. Furthermore, with the release of $USH, users will have the ability to mint it while retaining exposure to their $TAO. The TAO Bridge and TAO Liquid Staking smart contracts have been audited by Runtime VĐľrification and @arda_project, while penetration testing and DevSecOps have been performed on our infrastructure by CertiK. We're excited to announce our exclusive partnership with TAONEW one of the top 5 validators on #Bittensor. TAONEW has been extremely helpful and supportive from day one. By sharing 50% of its service fee with its stakers, TAONEW enables Hatom to offer an optimized Staking APY to its users. Since our initial reference, #Bittensor has grown sevenfold, becoming the largest AI project in the crypto sphere. We reiterate our commitment to contribute to such technology and hope to address some of its current DeFi challenges. Syfy Moving forward, today marks a significant milestone, not only for our decentralized protocols but also for our development companies, which currently stand as the sole and primary contributors to the Hatom Labs and Soul Labs. Weâre excited to unveil Syfy, the evolved identity of Hatom Labs and Soul Labs, now serving as the parent entity for our burgeoning development companies. Organization is crucial for scalability, which is why Syfy was established to cultivate an environment where our teams can collaborate more seamlessly, enhancing our effectiveness and efficiency. At the same time, we remain committed to upholding the financial independence of each project, supported by its own community of funding contributors. Feel free to explore our website at for more information! Additionally, don't forget to follow Syfy and explore their Genesis article highlighted in their initial post: Booster V2 The Booster V2 will introduce a range of new features and opportunities for $HTM holders: Optimized Position Boosting: Previously, boosting was done individually for each money market, necessitating $HTM token distribution and periodic rebalancing due to price fluctuations. With Booster V2, the system now considers the overall position, eliminating the need for manual rebalancing. Gas Fee Reduction: Booster V2 implements optimizations that result in reduced gas fees, making transactions more cost-effective for users. Incorporation of Governance: Users staking $HTM tokens gain voting rights directly within the Booster, allowing them to participate in governance decisions while maintaining their staked positions. (Note: Only $HTM tokens are considered for governance; LP tokens are not included.) Enhanced Boosting Mechanism: The Booster V2 enables LP Tokens to boost positions within the Booster, leveraging trading fees from swaps and farm incentives while boosting lending positions. Smart Contract Completion: The Booster smart contract has been completed and audited by @arda_project, ensuring security and reliability. Frontend Implementation: The frontend design for Booster V2 has been successfully implemented, providing users with an intuitive interface. Collaboration with xExchange: Exploration is ongoing for collaboration with xExchange ⥠to enable LP creation, farming, and meta-staking within the Booster. Upon finalization of testing, we will launch the Booster V2 on the devnet to gather community feedback and begin preparations for the mainnet release. Soul Before delving into Soul Labs's developments, it's essential to summarize its core functionality briefly: Soul Labs seamlessly connects different lending protocols and blockchains, facilitating lending and borrowing across platforms like Aave, Compound Labs, and Hatom Labs, consolidating liquidity and users' borrowing capabilities. Utilizing LayerZero Labs and other messaging layers for cross-chain communication, Soul Labs bypasses asset bridging or synthetics, unlocking novel DeFi strategies and solidifying its position as the ultimate solution for cross-lending dilemmas. Soul V1 will be permissionless, holding censorship-resistant features, incorporating multiple redundancy mechanisms, and providing support for various DApps. We're thrilled to announce that, following the launch of the Tao Bridge in 2-3 weeks, we will introduce the Soul Labs website. This platform has been meticulously crafted over 250 days to not only provide a comprehensive overview of our vision but also to offer an engaging and captivating experience that promises to be memorable. Regarding the app, significant progress has been made on the V1 protocol, including: Smart Contract Development and Testing: ⢠Completion of the initial phase of smart contract development. ⢠Conducting advanced testing to ensure the system's robustness. ⢠Establishment of a fully functional proof of concept. Successful deployment and testing on the #Goerli (#Ethereum Testnet) and #Mumbai (#Polygon Testnet), leveraging LayerZero Labs for seamless operation. Feature Enhancement and Protocol Optimization: ⢠Enhanced testing procedures to bolster system resilience. ⢠Integration of advanced features and significant code refactoring for optimization. ⢠Incorporation of various communication methods, including LayerZero Labs, Formerly Axelar, now at @axelar, Chainlink CCIP), and wormholecrypto, into Soul Labs framework, enhancing its resilience and flexibility. This allows Soul Labs to maintain operation through alternative protocols if the primary one is temporarily paused. Website Development and Documentation: ⢠Nearing the completion of the v1 app, with final touches being applied. ⢠The preparation of comprehensive V1 documentation and the Yellow Paper, available upon Soul Labs's public launch, offering detailed insights into the platform's infrastructure and capabilities. USH Recognizing the critical need for stable liquidity within the ecosystem, we have positioned ourselves at the forefront of providing a solution by introducing $USH, the first native, decentralized, and over-collateralized stablecoin on #MultiversX. As market conditions have improved, we have observed a growing demand for stablecoins in the ecosystem, evidenced by the utilization rate in the Lending Protocol spiking to over 90% several times in recent months. Therefore, our goal is to tackle the current challenges faced by users by creating a robust product that will not only help them hedge against market volatility but also open up better opportunities to trade the markets and generate yield. We're happy to unveil the $USH website, now live with a sleek and intuitive user interface, designed for ease of use, which ensures that interacting with the protocol is straightforward and accessible for all. You can access it now through this link: For the technical side, weâre advancing steadily and weâve accomplished the following milestones: Lending Protocol Facilitator: ⢠Coded the first version to support multiple discount factors for different collaterals. ⢠Implemented tracking of borrowing effectiveness to enable earnings forecasting for the module and support minting processes. Isolated Pools Facilitator: ⢠Coded the first version of Isolated Pools Facilitator. ⢠Use of $EGLD or $sEGLD as collateral, with positions stored always in $EGLD to benefit the protocol through Liquid Staking and lending interest. ⢠Virtual account implementation for converting $sEGLD earnings into $USH, functioning like liquidation where users deposit $USH for a higher amount of $HsELGD. Staking Module ⢠Coded the first version of the Staking Module that allows users to stake and unstake without any restrictions. We're currently focusing our efforts on the following tasks: ⢠Implementation of HTM Booster in the discount model in the Lending Protocol. ⢠Implementation of different depeg strategies and brainstorming further potential âsoftâ depeg mechanisms. ⢠Research and implementation of rewards model for Staking Module. ⢠Research and implementation of Boosted Vaults Facilitator. ⢠Review and stress-test the first version of the code. Upon launch, $USH will be integrated into various protocols and AMMs across the ecosystem, further increasing both its utility and liquidity. The opportunities will be vast, enabling users to engage in a wide range of activities such as yield farming, staking, and arbitrage, all while leveraging a stable and reliable asset. Regarding the USH Airdrop campaign, it will continue until the official launch of $USH planned for late Q2-early Q3, rewarding all users who have actively participated in the initiative. Hatom V2 It is clear by now that we are driven to build a more robust, interoperable, and secure DeFi space, removing the current barriers that hinder users' capabilities to seamlessly interact with different blockchains. Through Hatom V2, we will introduce Hatom's cross-chain architecture, designed from the ground up for interoperability. This approach will elevate the protocol to unprecedented levels, enabling its deployment across various blockchains and facilitating seamless connections between them through Soul. By enhancing interoperability, Hatom V2 aims to foster a more inclusive and accessible ecosystem. This expansion will not only broaden the protocol's reach but also significantly increase its flexibility and utility, allowing users to interact with a diverse range of assets and products across different chains. Weâre thrilled to share that we are currently crafting the V2 redesign of the Hatom webpage. Anticipate a jaw-dropping transformation that will truly astonish, blending cutting-edge design with an unparalleled user experience, elevating it to a dynamic, interactive hub, and making every interaction more engaging. Good things take time, but we are confident that the release of V2 website will take place in the second quarter of this year and will officially mark the start of our journey into the cross-chain landscape. We are excited about the future and we truly believe that this will mark the beginning of a new era for Hatom. It's crucial for us to develop rapidly without sacrificing the quality or the security of each product. We're strategically allocating resources to ensure smooth progress in every area of our work. As we push forward, we believe that the launch of Soul Labs will be the most important milestone due to its massive potential and disruptive technology. We would like to thank you all for the unwavering support you've shown over the past few months; it truly fuels our passion to push daily and make strides toward achieving our ambitious goals.show more

Hatom Labs
203,486 views ⢠2 years ago
đĽđĽ We're thrilled to announce the Mainnet launch of... both the Lending Protocol and Liquid Staking on July 16th, three days ahead of the end of the Public Sale. Get ready to witness the strong impact of these key DeFi building blocks, meticulously crafted over nearly two years on the blockchain, even before the public sale begins. The upcoming launch of #Hatom marks a significant milestone for #MultiversX , poised to redefine the DeFi landscape in the way we have all been anticipating. To ensure you are optimally positioned to harness the initial yields and explore the various DeFi opportunities enabled by $sEGLD with our over-collateralized lending platform, we recommend starting the process of Unstaking your EGLD to be ready by July 16th. To ensure a seamless launch, the Lending Protocol will debut with the following Money Markets: $EGLD, $sEGLD, $USDC, $USDT, $BUSD, $WBTC, $WETH, and $UTK. The Lending Protocol will enable users to finally explore a multitude of DeFi strategies while earning substantial incentives in blue-chip tokens. đĽ Stay tuned as we are about to announce the largest Incentivization Program in #MultiversX's history. The specifics of this remarkable initiative will be disclosed tomorrow. This is designed to truly ignite DeFi within the blockchain, allowing for exponential growth of projects as all DeFi pillars will now be operational. đ The countdown has begun! Visit our app at to stay in the loop and be the first to experience the upcoming protocols.show more

Hatom Labs
249,936 views ⢠3 years ago
Streamlining DeFi on Blast â Powered By Pyth đŽ... Pac Finance, the first DeFi hub on Blast, now integrates Pyth Pric Feeds to enhance its lending, swapping, and staking services. Learn more below: âšď¸ About Pac Finance Pac Finance offers a comprehensive suite of DeFi services: Lending: Users can lend and borrow various digital assets with competitive interest rates, thanks to a system that dynamically adjusts to market conditions. Swap: The platform facilitates asset exchanges with minimal slippage through its high liquidity pools, ensuring efficient trading. Staking: By staking LPs and tokens, users contribute to the network's security and in return, earn rewards based on their contributions. Choosing the Blast network for its innovative features like Native Yield and Zero Gas Fee transactions, Pac Finance aims to provide a seamless and cost-effective user experience. đŽ Pac Finance is Powered By Pyth As a top lending protocol on Blast, Pac Finance leverages Pyth Data to ensure the most accurate and secure pricing data for its users. This pricing data enables users to unlock the most capital efficiency for their assets.show more

Pyth Network đŽ
26,758 views ⢠2 years ago
đStaking Contract Migration to V3 is now 100% complete!đ... We're thrilled to announce that the upgrade from Staking V2 to Staking V3 has been successfully executed, and the migration is now finalized. All users, along with their staked $CLY tokens, and their corresponding rewards and airdrops, have seamlessly transitioned to the new contract. This milestone marks a significant step forward in COLONY đş's journey, signaling the onset of our next exciting phase and the imminent launch of our innovative products: the Early-Stage feature and the Liquid Vesting DEX. Access our app and enjoy a nice 10% organic APY, inclusive of $AVAX rewards, $CLY rewards, airdrops from various #Avalanche projects, and much more! đť â Staking V3 verified contract:show more

COLONY đş
11,989 views ⢠2 years ago
With the DeFi sector being in constant evolution, striking... the right balance between stability and adaptability is essential. It's important to be agile and responsive, adjusting strategies to meet new challenges as they arise. However, while maintaining adaptability, it's essential to uphold a steady approach, emphasizing careful and calculated decisions that minimize risk and ensure each move aligns positively with a long-term strategic vision. At Hatom, synergies and sustainability are top priorities. This approach involves carefully considering how each decision benefits individual goals and contributes to the overall health and growth of the entire ecosystem. By focusing on sustainable protocols that mutually empower each other, we aim to create a robust and resilient environment that benefits all users, ensuring long-term success and stability. A prime example of this strategy is the introduction of the Booster and Accumulator, two unique products that did not exist elsewhere and were developed in response to the need to enhance the intrinsic utility of $HTM. These products not only reconcile the interests of investors with those of users engaged in our ecosystem but also leverage our TVL to build a robust economy for our token, $HTM, which will continue to add value as the ecosystem grows over time. Our initial plans were foundational, but what's coming will be monumental. As we delved deeper into this space over the years, our vision became increasingly sharp; today, we're excited to share our refined plans with you. What we aim to achieve would not only transform the #MultiversX DeFi landscape but also have a drastic impact on the entire DeFi space. At Hatom, we're building an entire omni-chain ecosystem, and with Soul Labs, we're crafting the interoperability infrastructure layer that will connect Hatom with other established liquidity protocols, breaking barriers without the need for bridging, thus immediately unlocking tremendous liquidity and opening endless new DeFi opportunities. Subsequently, we aim to extend this in a second phase to tokenized real-world assets, potentially creating one of the largest DeFi primitives ever to exist. That being said, let's take a deep dive into our vision for the future, where we'll explore various initiatives, from Hatom's evolution to an Omni-Chain Protocol to the release of Soul Labs, and our integration efforts with #Bittensor and their token $TAO, among other key developments. Please note that while the order of product releases is displayed chronologically, it could change if we deem it necessary. 1/3 đshow more

Hatom Labs
132,359 views ⢠2 years ago
Squeeze more out of your assets with Yuzu. Yuzu... is a decentralized market protocol for liquidity, which operates on Horizen. It provides lending and borrowing services to users and is powered by Pyth. Learn more about the integration below: âšď¸ About Yuzu Yuzu provides a platform for users to engage in yield farming by utilizing idle assets for lending or borrowing, leveraging the EVM capabilities of EON. Yuzu lets users maximize their utility of cryptocurrencies in a non-custodial, decentralized environment. As the first initiative under the Granary Silo, supported by the Horizen Ecosystem Fund, Yuzu allows users to supply assets to lending pools or obtain crypto-backed loans. This integration with EON's Ethereum Virtual Machine (EVM) enables efficient asset utilization through Ethereumâs Account-based transaction model. đŽ Yuzu powered by Pyth Yuzu leverages Pyth Price Feeds to access accurate and timely data to secure its market operations. This collaboration enhances the overall efficiency and reliability of the DeFi ecosystem on EON.show more

Pyth Network đŽ
17,660 views ⢠2 years ago
Pi Network Upgrades App Staking For 60M Users Pi... Network (Pi Network) has rolled out a redesigned Ecosystem Directory Staking feature aimed at improving user experience and app discovery. The feature allows users to stake $PI to boost app visibility across the ecosystem. Pi said the update prepares the platform for more developers, creators, and apps joining the network. However, no protocol level staking rewards are offered. "Note there are no rewards at the protocol level for staking, and the original staked amount will be returned once the staked duration has ended," the team at Pi Network stated.show more

BSCN
27,439 views ⢠17 days ago
New Community Staking Pool Now Live! The Community Staking... Pool is now open, allowing $AITECH holders to participate by staking their tokens up to 30% APY for the duration of 180 days. All rewards are distributed through verified on-chain mechanisms, ensuring transparency, accountability, and traceability within the Solidus Ai Tech ecosystem. âĄď¸show more

AITECH CLOUD NETWORK
462,910 views ⢠7 months ago
HARMONIX HYPE STAKING IS LIVE Weâre introducing Harmonix HYPE... Staking, a one-stop solution that streamlines your path into the Hyperliquid DeFi ecosystem. 1, Why We Developed HYPE Staking At Harmonix, our mission is to bring together the top opportunities in the Hyperliquid ecosystem into one unified platform. As interest in farming and airdrops continues to surge across HyperEVM, we are dedicated to helping users easily discover high-quality, thoroughly vetted projects. By partnering with trusted teams, reviewing their code, and confirming robust security measures, we ensure that only the most legitimate projects make it onto our platform. 2, On HyperCore: Stake HYPE with Our Selected Validators Weâve handpicked four high-performing validators to ensure you receive maximum benefits: Alphaticks - AlphaTicks đŽ(đáľđ) - loracle.hl, a super talented builder, an early believer in Harmonix, and a long-standing, highly respected figure in the Hyperliquid community, leads this validator. We want to focus primarily on the Alphaticks validator as it offers a 0% commission fee; users will earn maximum rewards with no fees, earning 3Ă Harmonix Points. ValiDAO - ValiDAO Weâve been following ValiDAO since their success on Dymension, and now theyâre making waves on Hyperliquid. Stake with ValiDAO to earn not only 2Ă Harmonix Points but also exclusive ValiDAO Points. HypurrCollective x Nansen - HypurrCollective.hl đą A dynamic team forming the foundation of the HyperEVM ecosystem, they continue to drive community engagement and contribute significantly to Hyperliquidâs growth. Supporting HypurrCollective is a must from our perspective, and users can earn not only 2Ă Harmonix Points but also Nansen đ§ Points and other airdrops on top. ASXN - ASXN Collaborating closely with the ASXN team on various algorithmic initiatives, weâre impressed by their innovative thesis, comprehensive dashboard, and rigorous research. Their validatorâs performance exceeds expectations, and weâre excited to support their continued success. How to Stake Follow our official instructions to begin staking: Rewards Overview - Alphaticks: 3Ă Harmonix Points - ValiDAO: 2Ă Harmonix Points + ValiDAO Points - Nansen x HypurrCollective: 2Ă Harmonix Points + Nansen Points - ASXN: 2Ă Harmonix Points Validator points can be claimed directly on each validatorâs dedicated page. 3, On HyperEVM: Explore DeFi Protocols & Stake with stHYPE Our mission is to offer a one-stop solution for maximizing HYPEâs versatility across multiple protocols. a, Stake with stHYPE stHYPE stHYPE is a liquid, tradable asset, serving as foundational infrastructure for borrowing, lending, swapping, and a range of other DeFi activities. How to Stake with stHYPE: Please follow our official instructions to get started: b, Explore DeFi Protocols Beyond staking, Harmonix HYPE Staking acts as a launchpad for exploring these major DeFi platforms on HyperEVM: Felix (Testnet) - Felix A synthetic dollar protocol enabling users to deposit collateral, borrow $feUSD, and earn yield through stability pools and on-chain savings. Hyperlend - HyperLend The core liquidity hub on Hyperliquid, offering lending and borrowing opportunities to help users unlock additional yield. Hyperswap - HyperSwap HyperEVMâs native DEX for convenient token swaps, liquidity management, and user-friendly token launches. Valantis - Valantis Labs Focuses on $stHYPE AMM solutions to deepen liquidity within the HyperEVM networkâa must-visit for efficient stHYPE management. LoopedHYPE (LHYPE) - loopedHYPE An automated looping protocol designed to maximize yield on staked HYPE. HypurrFi - HypurrFi A leveraged lending marketplace enabling clean leverage loops on Hyperliquid. Also the home of $USDXL, a stablecoin backed by protocol revenue and yield-bearing assets. Timeswap - Timeswap âł The first oracleless lending/borrowing protocol, allowing the creation of money markets for any ERC-20 token. Dive into this new chapter with us and see how Harmonix can help you get the most out of your HYPE tokens while supporting the growth of the Hyperliquid ecosystem. Whether youâre an experienced user or a newcomer, weâre here to ensure a seamless journey in DeFi.show more

Harmonix Finance
34,677 views ⢠1 year ago
The hopes of DeFi start with Avalon đŽ Avalon... Labs is the leading decentralized lending protocol on Merlin Chain and is now powered by Pyth. Learn more about our integration below: âšď¸ About Avalon Finance As the leading lending protocol on Merlin, Avalon features overcollateralized lending with an isolation pool mechanism for diverse asset collateralization. Avalon also integrates derivatives trading, providing a platform for trading major liquid assets, and offers an algorithmic stablecoin leveraging the lending protocol to enhance capital efficiency for users. đŽ Avalon Finance is Powered By Pyth Avalon leverages the Pyth oracle to accurately value assets and collaterals on the protocol, and ensure liquidations are done in a timely and precise manner.show more

Pyth Network đŽ
23,438 views ⢠2 years ago
Staking on Propbase: Earn Rewards with PROPS Staking is... a powerful feature of Propbase that lets you earn passive income while supporting the platformâs ecosystem. By staking your PROPS coins on the Propbase staking platform, you lock them up to help secure the network and validate transactions on the Aptos blockchain. In return, you receive attractive rewards, boosting your investment portfolio without active trading. Staking is simple: choose your staking amount and duration, and watch your rewards grow. This feature is perfect for long-term investors looking to maximize their PROPS holdings while contributing to Propbaseâs stability. The platformâs user-friendly interface makes staking accessible, even for crypto newcomers. Plus, with transparent reward structures and secure smart contracts, your funds are safe. Staking on Propbase is more than just earningâitâs a way to be part of a growing real estate revolution. Ready to start staking? Join now!show more

Propbase
44,886 views ⢠1 year ago
stUSDS is now live on the Sky Money App.... The first risk capital token in the Sky Ecosystem lets users supply USDS and capture a larger share of protocol rewards, in exchange for higher exposure to system risk. At launch, stUSDS rewards APY is set at 40%.show more

Sky
63,642 views ⢠8 months ago
Introducing LSDC: The Next Step for Stablecoins LSDC is... Tenet's stablecoin protocol. It offers a soft-pegged dollar stablecoin over-collateralized by LSDs (Liquid Staking Derivatives). Users can continue to earn boosted yield on Tenet whilst borrowing LSDC. LSDC can be used throughout Tenetâs LSDfi ecosystem as well as the wider ecosystem via Tenet Bridge. LSDC is undergoing audits and will soon be released on the testnet. Stay tuned for further updates and a guide on how to prepare for its launch.show more

Tenet Protocol
382,948 views ⢠3 years ago
dualCORE is officially launched on Core DAO đś mainnet... The First Liquid Dual-Staking Token for your CORE assets đšUse only your $CORE to unlock dual-staking boosts. đšEarn over đ40% APY (as of this post). đšAuto-compounding rewards. đšNo LockâRedeem anytime, instantly. đšStay liquid The first public staking cap is set at 200K. It will automatically increase based on market conditions and available yield strategies. This cap helps maintain high APY for early participants. FCFS. Hereâs how to join in: One key step to prepare for whatâs nextâdonât miss out! đshow more

b14g
18,581 views ⢠1 year ago
I decided to share part of a prompt you... can use to research any protocol in seconds using INFINIT Intelligence by INFINIT. As an example, I used Silo Labs, where I currently farm most of my stablecoin yields. đ Bookmark this + read until the end for a bonus. Just replace [PROTOCOL NAME] with any protocol you want to research. Prompt: "Conduct thorough research on [PROTOCOL NAME] and answer the following questions: - What is the project building? - What problem does it solve, and for whom? - What makes it different from others? - What blockchain is it built on? - Is there a token? Whatâs its purpose? - How does the protocol work technically? - How does it make money or sustain itself? - Whatâs the staking model, emissions, burns, and treasury? - Who are the founders, and is the team public and credible? - Who funded it? Who holds most tokens? - Are users, TVL, and volume growing? - How strong is the ecosystem around it? - Who are the main competitors, and how does it compare? - Is the protocol audited? Any past hacks? - What are the best ways to use the protocol (strategies)? - Whatâs coming next? Key milestones or launches? - What are the biggest risks? - How strong is the community and social traction?" Bonus: Quote this post with a reason why you like INFINIT, and Iâll DM you the full version of the prompt within the next 24 hours.show more

Keno
15,876 views ⢠11 months ago
Prediction Market is one of the leading Web3 niches... in 2024! With about $4 Billion in trading volume, $192 Million in TVL and millions of users in 2024, prediction protocols have been showing tremendous growth and attracting user adoption in Web3. PolyMarket seems to be leading the pack, with over $175M in TVL, and backing from Vitalik Buterin. However, a majority of Prediction Markets, including PolyMarket, currently lacks the flexibility and capital efficiency required for seamless transactions. Also, they are all majorly focused on driving Web2 users thus neglecting the need for markets that cater for short-term, high-risk investments from Web3 Degens. To tackle these flaws, there's a need for a revolutionary contender that understands the need of Web3 Chads That's where Predict Hub comes in PredictHub is a prediction Market that transforms real world events into opportunities for everyone to participate and forecast. Launching on Arbitrum, PredictHub is already catching the attention of major players in the Space by offering something PolyMarket and others don't - Flexibility and Incentives. By offering fast market updates and innovative prediction category like ETF Forecasts, PredictHub is changing how we interact with Prediction Markets. But then, here's where it gets more interesting; PredictHub offer users a unique point system, where you don't just make predictions, you also earn rewards. The more you Predict, the more you earn. These rewards are 2-fold: Nova and Orbit Points. Nova Points are earned by traders based on their trading activity and their leaderboard ranking. Orbit Points, on the other hand, are earned by users who provide liquidity, based on their LP size and duration. Other Point systems include PolyMarket User Points, Leaderboard Bonus and Market Multipliers. These rewards offer users more competitive edge than other prediction markets. Apart from these rewards, PredictHub features a unique 3-tier referral system, rewarding users with even more as you invite your friends. The more friends you bring, the greater the rewards. On top of these, PredictHub focuses on USDC and a wide-range of yield bearing assets like GLP, gUSDC, and sUSDe, enabling users to optimise their earning while holding assets across Networks. Exciting, right? PredictHub is in its Testnet phase and you can start earning Points Right away đ Here's how to Get Started on PredictHub: 1. Go to 2. Request Faucet 3. Start making predictions and earning Points Easy-Peasy â More Info can be gotten from Predict Hub All eyes are on PredictHub as the fix for the flaws of Prediction Market Protocols. With its unique approach targeting untapped niches that most existing prediction markets have yet to explore, I believe the Protocol has the potential to become a breakout success I will be placing good Predictions to Position đđđshow more

InfoSpace OG
19,674 views ⢠1 year ago
âĄď¸Today marks a new chapter in decentralized finance with... the official launch of EULEND. Starting with USDC and USDT lending pools, Ethervista introduces feeless flashloans and competitive lending/borrowing opportunities, with more assets coming soon. This launch represents more than just a new lending protocolâit's a catalyst for ecosystem-wide growth: Supercharged Liquidity By enabling seamless lending and borrowing, we're dramatically increasing stable pair liquidity on Ethervista, leading to more efficient trading and reduced slippage for users. The Ethervista Advantage Our innovative flat fee structure sets us apart from traditional DEXs. As liquidity deepens, major aggregators will naturally prioritize Ethervista routes, creating a powerful flywheel of increasing volume, fees, and ecosystem revenue. Building Tomorrow's Markets Eulend is the cornerstone of our expanding DeFi suite. The liquidity we're building today will power upcoming features including futures markets, positioning Ethervista at the forefront of decentralized trading innovation Start lending:show more

Ethervista
27,788 views ⢠1 year ago