Dubai, UAE, June 10, 2022 (GLOBE NEWSWIRE)-For those looking for a reliable, convenient and secure lending protocol on the Elrond blockchain: Hatom, Reliable, Convenient and Safe Lending The protocol started in the Elrond blockchain.
Hatom is a decentralized algorithmic protocol for lending and borrowing the first type of assets running on the Elrond Network. On this platform, suppliers provide liquidity to the market and earn interest on deposits, while borrowers can take out loans in an over-collateralized manner.
Hatom uses an on-chain governance mechanism that allows protocol users to vote for protocol changes directly on the blockchain. It was developed to give individual users greater influence in the governance process. The protocol team continuously collects feedback and uses it to create specific votes that match the needs of the community and upgrade the app to their liking. Developers are primarily interested in providing users with an unparalleled experience and ensuring security.
Experienced consultants and auditors on the development team have spent a great deal of time, effort, and financial resources developing secure and reliable lending protocols.
Behind the scenes
Co-CEO and COO Ahmed Serghini is legitimately regarded as a visionary cryptocurrency with extensive experience in cryptocurrencies. He has been involved in blockchain technology for over 10 years and was one of the first early adopters of Elrond blockchain.
Innovations in blockchain and cryptocurrencies are confusing how we interact with our finances. Ahmed believes in these technologies and has a solid track record of early investment in business ventures with large-scale development potential in the field of cryptocurrencies.
A daily DeFi user and an early investor in Elrond Blockchain, he was surprised to see it. There was no lending protocol.. So he embarked on a mission to create a protocol that would provide the best possible experience for users, with an emphasis on convenience, security and ease of use. The mission of the Hatom protocol is to overcome the challenges associated with current lending protocols and provide their users with a comprehensive and user-friendly protocol.
Spread awareness about DeFi and lending protocols
Destructive services like DeFi are a topic Perhaps reserved for experienced professionals.. But this is far from the truth, and if our community wants to benefit the general public from market progress, we must dispel this myth. The people behind Hatom aim to democratize and mainstream these exclusive services. Their purpose is to educate the general public about DeFi and lending protocols and make them available to the everyday. Indeed, Hatom’s future seems bright.