Thread by @erd0xbc

Why am I looking forward to #HatomStaked $EGLD, aka $HsEGLD? Well, it's a supercharged way to secure the @MultiversX Network and participate in DeFi. @HatomProtocol will build multiple DeFi primitives to kick off the next adoption wave. ⚡️🧠🧵

Wen $HsEGLD? First, @HatomProtocol needs to establish a secure & robust liquid staking mechanism on @MultiversX. They are working with the core team & @rv_inc on this development. $sEGLD will be the Universal Liquid Staked $EGLD.

[1]

esdt.io/liquid-staking

@HatomProtocol's dApp is currently in development/testing on Devnet. Liquid staking testing will be made available when it is ready. The team is targeting Q1 2023, but the products must be released in the right sequence and have top quality/function.

[2]

devnet.hatom.com/liquid

Liquid staking code will be made public in due time. The model fairly distributes liquidity among all validators, making the blockchain more decentralized while guaranteeing a good APY. The vision is to have one universal $sEGLD used among all DeFi Apps.

[3]

Revenue generated from Hatom's liquid staking will be distributed into the $sEGLD money market on the lending protocol, increasing supplier yields; supply it to the money market for additional yields and use it as collateral for loans, opening up new DeFi opportunities.

[4]

Partnerships expand the use cases for $sEGLD

⚡️ @xoxnoNFTs buy/sell NFTs
⚡️ @ash_swap swaps

The goal is to create a universal $sEGLD to push forward the interoperability between DeFi Apps in MultiversX. In addition to that, decentralize the network via validators.

[5]

Security is a top priority; any product launched will perform multiple security audits and risk assessments, pen testing, DevSecOps, and formal verification. @HatomProtocol will be the most audited project on @MultiversX.

@rv_inc & @peckshield ✅

[5]

docs.hatom.com/security/exter…

The Safety Module acts as insurance. Users can deposit various assets & earn safety incentives. In case of an unfortunate shortfall event, a portion of the staked liquidity can be used to cover the deficit.

[6]

docs.hatom.com/hatom/hatoms-e…

Over-collateralized lending protocols are the most complex product in DeFi. SC development, real-time collateral management, $LINK price feeds, liquidity provisions, risks management, controller, indexer, and lastly, liquidity. An ambitious project for #Hatom to build.

[7/End]

This and more insight can be found in the Hatom Telegram: t.me/HatomProtocol