Two Hatom Protocol modules going live on July 16

Hatom recently announced the launch of its two modules on the mainnet. The protocol will release Liquid Staking and Lending Protocol modules on July 16.

The event will take place only three days before the Public Sale ends. The protocol released an official tweet to inform users about the development. The tweet stated that the DeFi building blocks on the network have been designed for two years.

Hatom has been involved in the modules even before the public sale started. Thus, the building blocks are certain to have a strong impact on the market. The upcoming launch is also a major achievement for MultiversX. The platform is now positioned to redefine DeFi uniquely.

The tweet by Hatom has informed users to start the unstaking process for EGLD by July 16. It will allow them to harness the starting yields optimally. At the same time, it will expose users to DeFi prospects unlocked by $sEGLD with the over-collateralized lending platform.

Besides this, Hatom also revealed a bunch of Money Markets where the lending protocol will debut. These markets were selected to make sure that the launch wraps up seamlessly. They include $EGLD, $USDC, $sEGLD, $BUSD, $WBTC, $WETH, $UTK, and $USDT. 

With the lending protocol, users can explore intuitive DeFi strategies while also earning significant incentives in the form of blue-chip tokens. Hatom has informed users to stay tuned to its social media channels as the protocol is about to release its biggest incentivization program.

No specifics about the program have been revealed yet, but the protocol will share the details shortly. According to Hatom, the program has been designed to ignite DeFi in blockchain, facilitating unmatched growth across the market.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button
Bitcoin (BTC) $ 66,043.69
Ethereum (ETH) $ 3,481.63
Tether (USDT) $ 0.999718
BNB (BNB) $ 603.26
Solana (SOL) $ 143.12
XRP (XRP) $ 0.474396
Dogecoin (DOGE) $ 0.135003
Cardano (ADA) $ 0.411759