DUBAI, UAE / ACCESSWIRE / May 27, 2022 / Hatom Labs is going to bring DeFi lending protocols to the general masses. For a long time now, DeFi and cryptocurrency were believed to appeal to only a niche market of tech entrepreneurs and risky investors. The general public is still on the fence about the new fintech simply because they lack the awareness and understanding of how DeFi works.
There have been countless cautionary tales of scammers making headlines with billions of dollars squirreled into their own pockets, with no leads in sight. Even though smart contracts and the whole blockchain economy are built on the notion that blockchain is the most secure transactional platform ever created. Misinformation and poor comprehension of what cryptocurrency is, have resulted in the slow adoption of crypto and the potential that lies ahead.
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Hatom’s user-friendly designs and intuitive interface make it appealing to the general population. The lending protocol is currently being developed and tested out in beta mode. But when it goes live, it’s expected to bring in hundreds of thousands of users, flocking to the first and only lending protocol on the Elrond Blockchain. There is none yet that exists, and the idea for it simply stems from the lack of something like Hatom.
As per Hatom’s roadmap, the company will focus on developing a staking platform where “a percentage of Hatom’s lending network revenue will be shared among users that are staking their Hatom tokens into a specific staking yield”. In layman’s terms, that means that users will receive passive payouts much like sleeping partners or shareholders when they invest their tokens. For less risky investments, there’ll also be the option of depositing Fiat Currency into Hatom’s treasury program to earn interest.
Currently, the platform supports EGLD, USDC, MEX, and HTM, with more tokens to be added such as pegged ETH, BTC, and DAI.
The idea of creating a comprehensive money market ecosystem is the endgame for Hatom Labs, the team behind the project is working continuously to provide Hatom’s users with the fullest experience. They are planning to broaden the protocol’s field of activity to include the Ethereum Blockchain and the various EVM-compatible Blockchains such as Polygon, Avalanche, Binance Smart Chain, and others.
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In the words of their CMO, “Every detail matters to us, and our mission is to provide our users with an unparalleled experience,” says Oussa G. CMO of Hatom Labs. The protocol will continue to expand and evolve alongside its users to create a seamless experience for anyone wondering about where DeFi and crypto might lead them. Whether it might turn into a full-time vocation or if it’s just another form of investment to build a stronger portfolio, Hatom is paving the way to the future of decentralized lending.
Media contact:
Name: Ahmed S.
Email: [email protected]
SOURCE: Hatom
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