In the room where the future is being shaped. MultiversX is attending today's Trump Crypto Ball 🇺🇸

Apple’s Swift language + #MultiversX It works. Use all the developer tools available, use your favourite language and start building on #web3 WASM is the best execution engine for blockchain. Nothing compares to it. SpaceVM integrates it fully.

This quarter, we welcomed five new entrants to the Coinbase 50 Index. Learn more about the index and our rebalancing process here: coinbase.com/coin50 @AxieInfinity @blur_io @JasmyMGT @kusamanetwork @MultiversX

BREAKING: $1M for Sovereign Chains! The #MultiversX Foundation launches a $1,000,000 grants program to incentivize the development, growth and adoption of projects built with Sovereign Chains. #SovereignChains

Get ready for liftoff! 🚀 🔥 We're partnering with @xLaunchpadApp, a leading launchpad known for its incredible community and support for innovative projects. 🔥With 115K+ unique participants and $14M+ raised, xLaunchpad has proven to be a powerhouse for new ventures. Together, we're bringing #Bitcoin Restaking on @MultiversX to the masses. The future of $EGLD & $BTC Restaking is about to unfold. Big things are coming soon...👀

🚨 New release alert! #xPortal just got a major upgrade: You can now connect to ANY @ethereum dApp that supports @WalletConnect ! From now on, explore the vast Ethereum ecosystem without boundaries.

We could have shipped ethereum 2.0 in 2018 working with @beniaminmincu, would have full onchain governance, and a treasury with 30 billion in assets to growth hack. Also better proof of stake and no smart contract hacks

The last few months have been incredibly active; we've been pushing boundaries, building, experimenting, fine-tuning, and deploying robust and secure products to create a unique DeFi ecosystem without limits. However, our journey is far from over, and it's time to provide you with a global update on our progress. Our mission on #MultiversX began with kickstarting DeFi and increasing on-chain DeFi TVL. Now, we aim to address the final piece of the puzzle that is still causing issues for both #MultiversX and #Hatom. The lack of stablecoin liquidity hinders our growth. The absence of an EGLD-backed stablecoin forces users to forgo exposure to their $EGLD whenever they need liquidity, creating selling pressure on $EGLD. This is what we aim to tackle with this protocol update, which will primarily focus on two of the most impactful products in the Hatom Ecosystem: Hatom USD ($USH) and Booster V2. Without further ado, let’s delve into these two modules in more detail: Booster V2 While Booster V2 was initially designed to introduce additional features and improvements, we have further refined the model to enhance its utility. Let’s break down the new features and implementations: • Global Position Tracking: Optimizes boosting by monitoring a unified global position rather than individual positions, enhancing efficiency. • Rebalance at Protocol Level: Reduces gas fees for claiming rewards by integrating rebalances directly at the protocol level. • Multiple Deposit Options: Enables the deposit of HTM LPs and Metastaking tokens into the Booster Module, which will track only the $HTM token's weight. • Simplified LP/Metastaking Creation: Allows for direct creation of LP/Metastaking positions within the Booster Module itself, eliminating the need to use the @xExchangeApp dashboard. • Reward Structure Adjustment: Shifts all rewards from $USDC to $EGLD, with claims exclusively in $HTM to boost demand and buying pressure for the $HTM token. One new key improvement in the upcoming version of the Booster that has been added is the elimination of the $HTM cap in the HTM Booster to achieve optimal boosting. Currently, users must deposit an equivalent of 10% of their collateral value in $HTM tokens within the booster to attain the maximum Boosted APY on their positions. With the launch of Booster V2, this cap will be removed, allowing users to increase their APY in proportion to the amount of $HTM they stake. With the new implementation of Booster V2, rewards will be split into two batches. In the first batch, users can achieve a certain APY by staking a specific ratio of HTM compared to the collateral they have supplied. In the second batch, this cap will be removed, allowing users to increase their APY in proportion to the amount of $HTM they stake. The more $HTM tokens you stake beyond the threshold set in the first batch, the higher the APY you can achieve. However, this metric still depends on the value of your collateral and the total amount of $HTM staked by other liquidity providers. For example: (Please note that all the metrics provided are hypothetical and are intended solely to illustrate the concept.) • In the current Booster implementation, there is a maximum APY (let's consider that the $EGLD Booster APY is 6%) that users can achieve by staking 10% of the value of their collateral in $HTM. Staking additional $HTM beyond this does not increase returns, and the rewards from users who do not reach the optimal boost level within the booster are recycled. • In the new implementation, we have opted for a dual-batch mechanism. The first batch is implemented to guarantee a threshold, maintaining the same rules as the old implementation. For instance, if users stake 5% of the value of their collateral in $HTM, they could achieve an optimal APY of 2%. The remaining rewards will be distributed in a second batch with no cap, allowing users to potentially generate a higher APY than the 6% achievable in the previous implementation. This model allows them to earn rewards from users who didn't fully boost their position or to out-earn other users by staking more $HTM. To put it simply, the first batch ensures that a threshold ratio of $HTM staked to collateral is met and maintained in the protocol. The second batch is where the majority of the rewards will be distributed and where strong competition will take place. Hatom has invented the concept of the Booster, setting itself apart from other liquidity protocols by placing the $HTM token at the heart of its ecosystem, thereby creating an entire financial economy around it. It's crucial for us to refine this model and iterate on it to maximize its impact while ensuring the best possible user experience. Hatom has already distributed millions of dollars in incentives, demonstrating the effectiveness of this model in attracting liquidity and sustaining a healthy ecosystem. As we move toward a sustainable state of incentivization, it is essential to ensure that the final implementation of the Booster is robust before integrating the governance module and allowing token holders to manage its parameters. The process and user interface will be very intuitive and easy to use. Users will have access to a gauge that allows them to estimate the APY they can achieve by staking more $HTM tokens, simply by adjusting it. Hatom USD (USH) From the start, we recognized the liquidity issue with stablecoins in the #MultiversX ecosystem. With under $30 million in stable liquidity, the growth of DeFi products is restricted. The ecosystem needs a native stablecoin that not only offers a hedge against volatility but also provides a straightforward way for users to earn passive yield. The low stable liquidity primarily affected the Hatom Lending Protocol, where high demand and positive market sentiment led users to leverage their positions for long strategies on chosen assets. Consequently, the utilization rates of both $USDC and $USDT exceeded optimal levels despite the constant increase in their respective TVL, driving interest rates to mid to high double digits during certain periods. Let’s discuss the innovative design and progress on $USH: Facilitators Different from $USDC and $USDT that must be brought into the ecosystem through the bridge, $USH will be minted natively through multiple methods, also called facilitators. These facilitators will ensure that users are able to access $USH in a simple and efficient manner. At launch, $USH will have two facilitators available: 1. Lending Protocol Users will be able to mint $USH directly within the Hatom Lending Protocol, an experience similar to taking loans. However, it’s important to note that 'minting' $USH is different from 'borrowing' it. As a result, the rates for minting $USH through the Lending Protocol are fixed and not influenced by utilization rates, unlike when borrowing assets like $USDC or $USDT. These rates vary based on the discount factor of the collateral used; more liquid and stable assets yield better rates than less liquid ones. Note that $USH cannot be minted through the Lending Protocol using $EGLD or $sEGLD; instead, these assets must be used via a separate facilitator, known as Isolated Pools. 2. Isolated Pools The Isolated Pools represent a crucial component of the USH Ecosystem, offering significant revenue potential through its innovative mechanism. Users can deposit $EGLD or $sEGLD to mint $USH under specific conditions: Minting USH with EGLD: Users can deposit $EGLD at a 0% Supply APY to mint USH with no minting fees. The deposited $EGLD is staked in Liquid Staking to obtain $sEGLD, which is then deposited in the Lending Protocol to earn a base supply APY. Minting USH with sEGLD: Similarly, users can deposit $sEGLD into the Isolated Pools to mint $USH without a minting fee. When using $sEGLD, the users’ exposure shifts entirely to EGLD, as all rewards from sEGLD are retained by the protocol to boost the Staking Module yield. The Isolated Pools provide a key advantage by allowing users to mint USH with no fee while maintaining exposure to potential price increases in EGLD. This setup enables users to leverage the stability of USH without the concern of interest rates that could lead to position liquidation. Moreover, this module is poised to become the top revenue generator within the protocol. Assets deposited in the Isolated Pools generate income through Liquid Staking and the Lending Protocol. In the future, we can explore the possibility of using a portion for Leverage Liquid Staking strategies when conditions are favorable, further optimizing the returns. USH Staking Module Establishing robust facilitators to enable the safe and reliable minting of USH was crucial; however, we also recognize that building a powerful stablecoin requires strong utility and significant benefits. While users will benefit from fixed or even zero minting fees, along with numerous integrations within the #MultiversX ecosystem, our goal is to ensure a robust mechanism for users to generate high yields on their stablecoins. Through the Staking Module, users can deposit $USH or USH LP tokens, such as USH/USDC, USH/USDT, USH/EGLD, and USH/HTM, to generate yield on their positions. We have designed the source of this yield to be as organic as possible, using the revenue generated by all the USH facilitators. Consider this example based only on the revenue from the Isolated Pools: Suppose $100M worth of EGLD and sEGLD are deposited in the Isolated Pools. Since it's an over-collateralized minting, let's assume $50M worth of USH will be minted to maintain a safe health factor. This collateral is minting at 0% interest and will generate a 7% APY through Liquid Staking and the Lending Protocol, equivalent to about $7 million annually or ~$580,000 monthly in rewards for USH stakers. Since the protocol earns rewards on $100 million but distributes them to just $50 million worth of USH, the APY for USH stakers effectively doubles, reaching 14%. With $EGLD's inherent volatility, any price increase in $EGLD further boosts the APY, motivating additional USH buying/minting and thus increasing liquidity for USH. To integrate HTM within the USH ecosystem effectively, we are excited to announce that all rewards in the Staking Module will be distributed in HTM tokens. The revenue generated from users minting USH through the Lending Protocol and Isolated Pools will be used to purchase HTM tokens from the open market and distribute them to stakers. USH will be the highest revenue-generating product on the #MultiversX Blockchain, with all that income redirected to the HTM token. This strategy will create millions of dollars in additional buying pressure on HTM, significantly boosting demand for the token without direct community involvement. The buyouts will happen on a daily basis and will constitute the largest buyback module of an ESDT to date. Please note that a portion of the rewards generated by the USH facilitators will be allocated to incentivize the Lending Protocol Markets, alongside other sources of revenue. This ensures that the protocol is driven by its utility and remains fully sustainable. This approach is designed to eliminate our reliance on the treasury for offering protocol incentives, promoting a more self-sustaining ecosystem. Booster V2 x USH Staking Module We went a step further in developing a strong utility for $HTM in the USH Staking Module; given the real success that Booster V1 had at launch, we have decided to offer a similar implementation for users in the USH Staking Module. We are pleased to announce that Booster V2 will now play a significant role not only in the Lending Protocol but also in the USH Staking Module. Here are a few of the benefits of the Booster V2 in the USH Staking Module: • Yield Optimization: Earn rewards for your USH LP & farm tokens in addition to the USH Staking Module yields. • Booster V2 Implementation: Users can access a base APY when staking USH in the Booster, with additional rewards earned when staking HTM tokens. Staking caps will be removed, allowing users to stake any amount they choose, with yields increasing proportionally to the amount of HTM staked. This implementation allows users to boost the APY on their USH-staked positions within the USH Staking Module by allocating a specific amount of HTM to the Booster Module, mirroring the design of the HTM Booster in the Lending Protocol. Peg Mechanisms The peg mechanism is the most important feature of a stablecoin, therefore we spent countless hours researching and adjusting our mechanisms: Soft Peg Mechanism: In the Lending Protocol, USH will consistently be valued at $1, regardless of its market price elsewhere. For instance, if USH is trading at $0.99 on a decentralized exchange like @ash_swap, users can purchase USH at this lower rate and use it to repay loans valued at $1 within the protocol, thereby profiting from the difference. Hard Peg Mechanism: Through the Hard Peg Mechanism, if USH trades at a certain percentage below $1, Redemption Mode is activated. In this mode, anyone can seize users' collateral up to a specified "Borrow Limit Used" for the account. The process starts with the least solvent accounts and continues to the most solvent until the peg is restored. Unlike liquidation, redemption does not incur any penalty for users. This update aims to provide an overall view of the entire design without overwhelming you with technical jargon. More detailed definitions and explanations of the concepts will be available in our updated documentation on USH. Development Status We are pleased to announce that the peer code review of all USH modules has now been completed, and both the audits and front-end integration will commence this week. We recognize the importance of these next steps and acknowledge the complexities and potential challenges they may entail. Moving forward, our focus will be on ensuring that the audits are conducted to the highest standards of accuracy and security. USH is a complex protocol that aims to once again elevate the status quo of DeFi within the #MultiversX ecosystem by solving real problems and enhancing user experience like never before. As we make progress on both the front-end integration and audits, we will be able to estimate an exact release date. However, as specified in Protocol Update #7, we are still targeting a launch timeframe of late Q2 to early Q3. Go-To-Market Strategy First, it's important to emphasize that Booster V2 and USH will be released simultaneously. We are developing a robust Go-To-Market Strategy for the launch of USH, focusing on the design's impact on the HTM token. Initially, a Private Mainnet for USH will be launched, operating exclusively with our network of partners and co-led with the MultiversX Foundation. This Private Mainnet will operate for one month, using EGLD and sEGLD deposited by partners to generate our initial revenue. This revenue will be accumulated and used to buy back HTM tokens from the open market and distribute them as rewards. We anticipate a TVL in the seven-figure range during this phase, generating over $1.5 million in rewards for the first distribution. At the moment we announce the public launch of USH, all rewards generated in the first month will be immediately used to buy back HTM tokens and transferred to the USH Staking Module to kickstart the protocol and to establish the bootstrapping APY for staked USH. This strategy will create significant buying pressure on HTM, positively impacting the token’s market value. We are mindful of potential slippage impacts and will limit this aggressive buyback strategy to bootstrapping. Right after the launch, these continuous buyouts will occur on a daily basis, creating sustainable growth for HTM. Regarding the USH Airdrop, all participants will receive their allocations shortly after USH is publicly launched on the Mainnet and stabilized. Until then, users maintaining a 200% Booster Percentage in the HTM Booster during the daily random snapshot will share the daily allocation based on their liquidity weight. Accumulator The Accumulator was initially designed to allow users to claim rewards in either USDC or HTM, offering a 5% bonus for choosing HTM. However, with the new change of distributing rewards exclusively in HTM, the Accumulator will serve a better purpose. As an alternative, we are exploring an "Affiliate Program." This initiative will enable users to introduce others to the Hatom Ecosystem and earn a percentage of the rewards their referrals generate. For instance, if someone refers users who earn a total of $100,000 a month in rewards, the referrer would be entitled to claim $5,000 without affecting the earnings of the referred users. While this is still in the brainstorming phase, we believe this could attract many new users to the ecosystem. We will provide more details about its implementation in future updates. Soul As we near the launch of @0xSoulProtocol, we're excited to provide a brief update. Future updates will be shared via Soul’s official channels. The development of the @0xSoulProtocol has been a year-long journey marked by intense effort across all fronts, culminating in significant progress. We're thrilled to announce the official release of the website and documentation on Friday, May 24th. Concurrently, we will launch Soul’s official communication channels to foster direct engagement with the community. This milestone signifies the genesis of the @0xSoulProtocol. We're eager to demonstrate its potential to become a leading DeFi project, thanks to its innovative design and business model. Soul will serve as key infrastructure for all lending protocols, aiming to create a more cohesive and synergistic lending environment, unifying billions in liquidity across the entire space. The feedback from our network of partners has been overwhelmingly positive, underscoring the protocol's potential and the quality of our work. We're optimistic about a successful journey as we continue development and move toward future stages in the protocol's lifespan. We're excited for the months ahead, poised for growth given the rapid pace of our progress. We will continue to push for innovation, ready to transform the entire ecosystem. Your support is invaluable, and we want to thank you for being a pivotal part of this journey!

Airdrops on Pulsar Money 🪂 #airdrops are great, but a powerful infrastructure takes them to the next level. Introducing the ultimate growth tool for accelerating web3 projects. Experience it all on one platform built on #MultiversX, powered by the #SmartPaymentsHub.

Comprendre Hatom pas à pas - Partie 4 Dans cette série de Thread, nous abordons l’ensemble des fonctionnalités disponibles sur @HatomProtocol afin de guider les plus débutants d’entre vous dans son utilisation Retrouvez la 1ʳᵉ partie ici : nitter.app/laBananeCrypto/s… 🎯L’objectif final et de ne plus entendre,“La DeFi, c'est trop compliqué” Dans ce Thread, je vous présente plusieurs stratégies sur Hatom, afin d’optimiser vos rendements et de parier sur la hausse ou la baisse d’un actif 🚨Pour réaliser ces actions, nous allons devoir réaliser des emprunts, voici donc quelques règles : ▫️ Pour emprunter, vous avez besoin de collatéral (Voir ce thread : nitter.app/laBananeCrypto/s…) ▫️ Les taux d’emprunts varient selon la demande, il faut donc être attentif à vos positions ▫️ Les emprunts engendre un risque de liquidation, et de perte de vos fonds définitive, je vous explique ça : ❌Lorsque vous déposez des fonds en collatéral sur un protocole DeFi, il vous est possible d’emprunter d’autres actifs, attention toutefois, car ce collatéral agit comme garantie de remboursement, et peut-être gardé par le protocole en cas de “Liquidation” 📖La liquidation quézako ? Lorsque vous déposez un actif en collatéral, il vous est possible d’emprunter un certain montant de cette position en $ selon sa volatilité et sa liquidité, c’est ce que l’on appelle le “Collateral factor”, des détails ici : app.hatom.com/markets Aujourd’hui, celui-ci est de 75% sur EGLD, 70% sur BTC et ETH ou encore 40% sur UTK ➡️Cela signifie que si vous déposez 1000$ en EGLD, il vous sera possible d’avoir jusqu’à 750$ d'emprunt sans risquer de liquidation 📖L’emprunt fonctionne de la manière suivante : ▫️ Vous déposez 1000$ en $USDC, le seuil de liquidation de cet actif est de 80% = 800$, Hatom vous autorisera à emprunter 80% de cette somme, soit (800$ x 80%= 640$) cela vous sécurise afin que vous ne soyez pas liquidé en empruntant instantanément le maximum. 📖Dans quelles conditions arrive une liquidation ? ▫️ Votre dépôt est de 1000 USDC, vous empruntez 15 EGLD pour 640$, vous avez donc une dette envers Hatom de 15 EGLD (votre emprunt) ▫️ EGLD s’apprécie, et atteint 60$/u, votre dette (15 EGLD) est donc de 900$, une partie de votre collatéral va être liquidée, car “Valeur Emprunt >80% de votre collatéral” ▫️ Cela signifie que vous garderez les EGLD en portefeuille, mais vous allez perdre une partie de $USDC déposée en garantie 🩺La santé de votre emprunt est représentée par une borrow limit, je vous invite à ne pas connaître la couleur “Rouge” (80% ou +) pour votre sécurité Maintenant que nous connaissons les risques liés aux emprunts, voyons comment faire fructifier nos actifs grâce à des stratégies avancées ! ➿Les boucles Faire des boucles revient à emprunter et prêter le même actif plusieurs fois, afin de bénéficier des récompenses du protocole. Ceci est rentable quand les projets fournissent des “incentives” permettant d’avoir une APY de prêt > APY emprunt Aujourd’hui un prêt de EGLD sur @HatomProtocol vous rapporte 8.9% APY alors qu’un emprunt vous coûte 5% APY, cela signifie que chaque boucle vous rapportera 3.9% (si vous échangez vos récompenses en $USDC vers $EGLD instantanément) À titre d’exemple, voici une boucle avec 100 $EGLD : ▫️ Prêt de 100 $EGLD → 8.9% APY ▫️ Emprunt de 60 $EGLD → - 5% APY ▫️ Dépôt de 60 $EGLD → 8.9% APY (soit 3.9% car on déduit le coût de l’emprunt sur ces 60 $EGLD bonus) ▫️ Emprunt de 30 $EGLD + prêt de ces $EGLD → (3.9% supplémentaires) ➡️Résultat au bout d’un an à taux constant, sans boucle, je gagne : 8.9 EGLD ➡️En réalisant des boucles, mon gain est de : 12.41 EGLD Il vous est possible d’optimiser mieux vos boucles et d’en réaliser plus que 2, ceci n’était qu’un exemple. Attention à toujours prêter et emprunter le même actif ! 📈Position Long (à la hausse) Vous avez repéré un actif qui va se valoriser, mais vous ne souhaitez pas vendre ce que vous avez en portefeuille pour parier sur cette potentielle hausse ? Alors voici comment faire ! ▫️ Déposez vos actifs en collatéral (1000$ en sEGLD) ▫️ Empruntez du Stablecoin (450 $USDC) ▫️ Échangez ces $USDC contre l’actif en question (10 EGLD) ▫️ Celui-ci se valorise ? Revendez-le, vous possédez désormais plus de $ (10 EGLD = 500$) ▫️ Remboursez votre dette et gardez une plus-value (50$ de plus-value) Vous venez de prendre une position “Long”, sans vendre vos actifs ! 🚨Attention, deux risques sont à considérer : ▫️ Si l’actif que vous achetez perd de la valeur (10 $EGLD = 400 $), votre dette en stablecoins ne bouge pas (450 $USDC), vous allez devoir la rembourser, et donc fournir plus de liquidités ▫️ La liquidation : Si votre collatéral baisse significativement face à votre emprunt 📉Position Short (à la baisse) Un actif vous semble suracheté, et vous pensez que son prix va baisser, c’est l’occasion d’en accumuler plus, alors, apprenons à Shorter ! Voici comment faire : ▫️ Déposez vos actifs en collatéral (1000$ en sEGLD) Emprunter l’actif en question (Prenons ici 500$ EGLD → Dette de 11 EGLD) ▫️ Revendez 11 EGLD pour 500 $USDC Sa valeur baisse, il est temps de racheter ! (échangez 500$ vs 13 EGLD) ▫️ Rembourser votre dette de 11 EGLD Vous venez de réaliser une plus-value de 2 $EGLD/ 80$ en shortant le marché 🚨Attention, deux risques sont à considérer : ▫️ Si EGLD prend de la valeur et monte à 50$, votre dette quantité ne bouge pas (11 EGLD), vous devez désormais rembourser 550$, et donc fournir plus de liquidités ▫️ La liquidation : Si la valeur de votre prêt augmente plus vite que votre collatéral ! Voici donc 3 stratégies avancées sur @HatomProtocol pour profiter au maximum de ses opportunités. Cette série de Thread “Comprendre Hatom pas à pas” arrive désormais à son terme, j’espère qu’elle vous a aidé à utiliser le protocole, soyez en sûr, d’autres arriveront pour expliquer les prochaines évolutions. #MultiversX Merci pour votre soutien, et surtout si cela vous a plu, vos❤️et🔁m’aident énormément Et alors, la DeFi c’est pas si compliqué❓

🌐 OneDex v3 OneDex will be embarking on an interstellar journey with cross-chain giants @Axelar ✨ In the near future on OneDex, you'll be able to forget about transferring your assets from one chain to another in order to make swaps. The $ONE token crosses new boundaries and becomes available on Axelar’s supported chains. Though this upgrade OneDex will offer easy cross-chain swaps between all of Axelar’s 60+ supported chains including @MultiversX, providing seamless and bridgeless connections between 60+ blockchain ecosystems. It's time to build and expand! ⚒️🔥 #AXL #OneDex #Axelar

We are delighted to announce that the HTM Booster and Accumulator are set to officially launch on Mainnet on November 27th. To keep our community engaged and well-informed, we have introduced a countdown banner within the Lending Protocol. You can track the countdown by visiting: app.hatom.com/lend These modules represent a significant milestone in our ecosystem, embodying our commitment to fostering fairness and equilibrium among liquidity providers, users, and investors. They have been meticulously crafted to consistently reward $HTM adopters with substantial benefits. As part of our Go-To-Market strategy, we have allocated an additional $500K $USDC for Booster Rewards and Accumulator, complementing the initial $3M $USDC Incentivization Program. This strategic move aims to maximize user engagement with the Booster and Accumulator. The reward distribution plan over the next 8 months is thoughtfully designed to ensure a steady and consistent flow, thereby enhancing the appeal and effectiveness of both modules. To ensure a smooth introduction of these modules, we have implemented a carefully structured bootstrapping phase. During this phase: Rewards will be progressively channeled into the booster: We are introducing a new batch of rewards, which is currently reflected in the high yields visible on the Mainnet App. It should be noted that the yields currently being displayed on the Mainnet will be accessible after the countdown and upon launch. Following the launch, and as $HTM is staked, we anticipate the APYs to stabilize. However, even with all lending positions fully boosted, the total APYs will remain impressively high. This strategic approach guarantees that, even six months from now, the rewards distributed will still surpass those of the past two months. This phase will also ensure a seamless transition and widespread adoption of the booster. In the initial months following our Mainnet launch, we distributed the following amounts in additional rewards, not including the Supply APY: Month 1: $390,000 in Additional Rewards. Month 2: $300,000 in Additional Rewards. Month 3: $230,000 in Additional Rewards. Month 4: $230,000 in Additional Rewards. Here's a breakdown of the reward structure for the next 8 months: P.S: To provide a clearer explanation, Additional Rewards are earned by simply adding funds as collateral, as is currently done. To receive the full Booster Rewards, you must have 10% of your collateral value in $HTM and stake it in the booster; if you have less, the rewards will be proportionally reduced. The Accumulator allows users to claim rewards in $HTM tokens with a 5% bonus. This strategy aims to boost the token's volume and buying pressure. Unlike liquidity mining, this Delta Neutral approach stabilizes the market by adding 5% to $USDC rewards, converting them to $HTM, and ensuring that even if users sell these tokens, it won't harm the token's market value. Month 5 (at Booster Launch): Total rewards: $451,500 • Breakdown: • $230,000 in Additional Rewards • $200,000 in Booster Rewards • $21,500 in Accumulator Rewards Note: This marks the highest incentivization month since our inception. Month 6: Total rewards: $346,600 • Breakdown: • $184,000 in Additional Rewards • $146,000 in Booster Rewards • $16,500 in Accumulator Rewards Note: 20% of rewards channeled from Additional Rewards to the Booster. Month 7: Total rewards: $294,000 • Breakdown: • $138,000 in Additional Rewards • $142,000 in Booster Rewards • $14,000 in Accumulator Rewards Note: An additional 20% has been added, bringing the total to 40% of rewards channeled from Additional Rewards to the Booster. Month 8: Total rewards: $262,500 • Breakdown: • $92,000 in Additional Rewards • $158,000 in Booster Rewards • $12,500 in Accumulator Rewards Note: An additional 20% has been added, bringing the total to 60% of rewards channeled from Additional Rewards to the Booster. Month 9: Total rewards: $255,150 • Breakdown: • $46,000 in Additional Rewards • $197,000 in Booster Rewards • $12,150 in Accumulator Rewards Note: An additional 20% has been added, bringing the total to 80% of rewards channeled from Additional Rewards to the Booster. Month 10: Total rewards: $247,800 • Breakdown: • $246,000 in Booster Rewards • $11,800 in Accumulator Rewards Note: An additional 20% has been added, bringing the total to 100% of rewards channeled from Additional Rewards to the Booster, marking the completion of the transition. Months 11 & 12: Total rewards: $241,500 • Breakdown: • $230,000 in Booster Rewards • $11,500 in Accumulator Rewards Rewards Transition: By the tenth month, which is six months from now, booster rewards will completely replace the additional rewards. This change will benefit only those staking $HTM in the HTM booster. For those who do not stake $HTM, earnings will be limited to the Base APY, which is generated from lending and borrowing activities. Incentivization Continuation: By the twelfth month or eight months from now, the current incentivization structure will conclude. However, lending activities will still receive incentives. The key change will be in the source of these incentives. Instead of relying on treasury or liquidity mining, which are common but not always sustainable methods in this space, we will shift to funding these incentives from revenue. Achieving Sustainability and Balance between Liquidity Providers, Users and Investors: • Current Financial State: Currently, revenue from the lending protocol and liquid staking accounts for 60% to 70% of the total monthly incentives. This percentage is subject to change based on the volume of liquidations, borrowing activity, and price fluctuations. • Role of USH in Revenue: The introduction of $USH is anticipated to be a major revenue contributor to the Ecosystem. Aiming to fully support the lending protocol's incentives, the plan is to allocate 10% to 20% of $USH's revenue for this purpose. This strategy is designed to eliminate the need for funding from the treasury or liquidity mining programs while maintaining comparable incentive levels. • Adapting to Market Changes: The Ecosystem is structured to be responsive to changes in TVL and asset price variations. Notably, 90% of the revenue from all our protocols is generated in $EGLD. This setup ensures that revenue increases in line with TVL growth, aiding in the maintenance of a consistent stable APY. For example, if the $EGLD money market has a Net APY of 5%, it will remain consistent, regardless of whether the TVL is $150 million or $5 billion. As, for money markets like $USDC, $USDT, and others, a rise in rewards for the volatile assets ( $EGLD ) will result in improved APYs, thereby enhancing their liquidity. • Future Plans for Incentives: Upon achieving a sustainable state, we plan to transition from distributing incentives in $USDC to $EGLD, which is more volatile. This shift is expected to stabilize the APYs offered through additional rewards, even amidst diverse asset price changes. For instance, an increase in $EGLD's price would correspondingly raise the value of the incentives, thus maintaining stable APYs. Additionally, users will have the option to claim these rewards in $HTM for a 5% bonus, further enhancing incentive value. The strategy we have implemented is designed to maximize our potential for success. Consider a scenario in which the market experiences a positive trend, with $EGLD achieving new highs or surpassing previous records. With the Booster, the TVL we achieve will always be tied to the $HTM token, as users will be required to stake it in the Booster to receive the rewards. Through the Accumulator, we expect to generate noteworthy trading volume for the $HTM token, while applying significant buying pressure, as the rewards will be converted to $HTM to receive that additional +5%. The combination of a substantial TVL and increased token trading volume opens up various possibilities for the future, including Tier-1 CEX listings. By overseeing all these high-revenue-generating protocols, we can strategically allocate resources from one to another. This flexibility is crucial because, while one protocol may generate more revenue, another might be pivotal in providing the core utility for the initial product, highlighting the intricate balance and interdependence within our ecosystem. This is why our ecosystem is unique. The current iteration of the Booster is not its final one. Upcoming upgrades are already scheduled to allow users to deposit even LP tokens and farmed LP tokens, obtained by providing liquidity for $HTM pairs on Dexes, into the Booster, counting only the $HTM weight at all times. This model aims to deepen market liquidity and offer three benefits: enhanced yield in the lending protocol and incentives for liquidity provision, along with governance power. Furthermore, the HTM Booster will be integrated into our validators' scoring system, introducing a staking-based framework that encourages competition among them to receive more delegations. This won't be limited to staking only 10%, as with lending incentives. That being said, the majority of the score will remain based on APR and Liquidity, ensuring that $sEGLD will consistently have an optimal APY. $HTM will also influence upcoming products, including $USH and the automated leveraged liquid staking strategy $xEGLD, improving users' yields and providing them with consistent advantages. If you truly understand the advantages we explain and grasp our vision, you'll realize that our approach has a strong chance of success where others have fallen short. Early believers in our project will be rewarded. If you think of $EGLD as the chain's Bitcoin, $HTM will certainly be its Ethereum, but at its inception. Just as Ethereum has many successful ERC-20 tokens, we need strong ESDTs like $HTM or $ASH to thrive for a successful network. With our plan, we are addressing numerous issues that others on different networks couldn't tackle, all while maintaining strong incentives and aligning users' and investors' interests with our protocol. The most challenging part is already behind us, and now it's a matter of time and consistent effort for the entire system to work together smoothly. Staking in the Booster will yield benefits for many years to come and this is just the beginning of something truly remarkable.

L'augmentation du prix du $HTM fait énormément parler en ce moment, passant de 0.3$ à 1.6$ en moins d'un mois 📍Je ne suis pas là pour poster des graphiques et vous dire qu'il va monter, mais plutôt vous informer sur la valorisation des différents tokens de protocole de Lend-Borrow et mes attentes pour le $HTM Regardons les leaders du secteur qui sont @aave et @compoundfinance sur #Ethereum ▫️ $AAVE est valorisé à 1.3 Milliards $ Pour une TVL (Total Value Locked) de 5.9 Milliards $ Soit un ratio de 0.22 de Mcap/TVL ▫️ $COMP lui est valorisé à 355 millions$ Pour une TVL de 1.2 Milliards $ Soit un ratio de 0.29 de Mcap/TVL Du côté de #Solana le leader est @solendprotocol ▫️ $SLND est valorisé à 25 Millions $ Pour une TVL de 120 millions $ Soit un ratio de 0.20 de Mcap/TVL Que peut-on en tirer comme conclusion pour le $HTM de @HatomProtocol ? ▫️ Aujourd'hui, le $HTM est valorisé à 21 millions $ Pour une TVL 116 millions $ Soit un ratio de 0.18 de Mcap/TVL Il est donc possible d'estimer une valorisation optimale du $HTM par rapport à ces ratios (0.2 à 0.29) Sur la base de la TVL actuelle, le $HTM aurait une valorisation optimale de : 0.2 x 116 : 24 millions $ soit 1.54$ par $HTM 0.3 x 116 : 34 millions $ soit 2.20$ par $HTM Cette fourchette vous donne une indication de prix comparativement à la TVL du protocole à l'instant T 🚨Il est important de garder à l'esprit qu'à l'inverse de ses concurrents, le $HTM n'a que 15% de sa supply en circulation, et donc une Market Cap qui augmentera naturellement de 6,6 fois sans évolution du prix du $HTM dans les 5 prochaines années Tous les 🔁 & ❤️ sont appréciés Sources : 🗞️explorer.multiversx.com/toke… 🗞️coingecko.com 🗞️defillama.com 🗞️app.hatom.com/markets 🗞️docs.google.com/spreadsheets…

We have joined the @MultiversX ecosystem as a validator and ecosystem contributor to leverage synergies between MultiversX and us, its blockchain network including development tools such as Sovereign Chains, and our 540+ portfolio companies. buff.ly/41wsvLC

Big moment for MultiversX. Native stablecoin. Fully overcollateralized and transparent. Built on-chain for DeFi @HatomProtocol goes live with $USH on March 3. Here’s why it matters 🧵👇

#Binance Pay has partnered with xMoney to enhance crypto accessibility for over 20,000 merchants in Europe! We're making crypto payments easier and more seamless for everyone. Find out more ➡️ binance.com/en/blog/payments…

Time for the location reveal for this year's xDay. A fresh perspective, in a new continent, on a breathtaking island — with an even more daring vision for tech. The countdown is on for Seoul, October 30-31 | early bird tickets go out in August 🇰🇷

this will change everything 🔥

I used to be an $EGLD maxi, invested more than $1M, brought dozens of other investors, actively promoted @MultiversX for the past year on X, but this is the last nail in the coffin for me. Launching a new token, when $EGLD has been the worst performing L1 token of all other L1s (I don't even want to mention $MEX)... instead of focusing on making $egld great first. Absolutely no respect for the investors/community which put all their faith into @MultiversX for the past 3-4 years. Call me fudder, call me stupid, call me what you want but I am done. This is just another cash-grab from the already exhuasted investors. Good luck with your new token!

Hey @beniaminmincu, big coincidence? Binance takes over your narrative? Or is there something you haven't told us yet? 😂 (Juste pour information avant de voir une guerre en commentaire : je n’en sais rien et je pense plus à une coïncidence qu’autre chose).

This is a big celebration! 🎉 Hatom has been voted Site of the Year 2024! A huge thank you to everyone who voted—Hatom.com has won the prestigious FWA PCA 2024! We’re incredibly proud to see our work recognized with this amazing honor! 🙌 A heartfelt thanks to our client @HatomProtocol for trusting us and sharing the vision to push boundaries together.

🪂Hatom annonce un Airdrop de 500 000$, voici comment profiter de cette opportunité ! Chez Hatom, notre principal engagement est de récompenser nos utilisateurs impliqués, qui partagent notre vision et contribuent à la croissance du protocole. Dans ce but, nous sommes fiers de vous annoncer l’arrivée de l’Airdrop de $USH. 🪂Afin de marquer le lancement du 1ᵉʳ stablecoin natif sur #MultiversX, 500 000 $USH seront distribués lors de cet évènement Dès le 27 novembre, en même temps que le lancement du Hatom Booster et de l’Accumulator, des snapshots quotidiens auront lieu afin de recevoir votre airdrop quelques jours après le déploiement du $USH sur Mainnet Le court délai entre l’apparition du $USH et la distribution de l'airdrop vise à augmenter la liquidité disponible sur les paires en $USH et assurer par conséquent une plus grande stabilité de celui-ci lors de la la distribution des 500 000 $USH 📍Pour être éligible à l’Airdrop de $USH, les conditions sont simples : ▫️ Vous devrez avoir des positions actives déposées en collatéral sur Hatom ▫️ Vous devez staker du $HTM dans le booster à hauteur de 20% de la valeur totale de votre collatéral Les 10 % initiaux à déposer dans le Booster sont cruciaux pour débloquer les rendements les plus élevés possibles. 👉Le staking additionnel de 10 % est optionnel, mais il permet aux utilisateurs de gagner une part de l’airdrop de $USH Il est important de noter que si vous stakez seulement 10 %, vos positions seront toujours entièrement boostées, cependant, vous ne serez pas éligibles à cet airdrop. ⚖️La distribution des récompenses en $USH sera proportionnelle à la position boostée par chaque utilisateur, afin qu’elle soit en corrélation à la valeur que vous déposez sur le protocole. Imaginons deux utilisateurs ayant des fonds sur @HatomProtocol : ▫️ Bob a 50 000$ de collatéral boostés avec au moins 20% de cette valeur dans le HTM Booster ▫️ Alice a 200 000$ et au moins 20% de cette valeur dans le HTM Booster Si la valeur totale des actifs déposés en collatéral est de 2 millions $, avec un airdrop de 500 000 $USH, et en supposant que toutes les positions aient 20% de $HTM dans le booster, nos utilisateurs recevront : ▫️ Bob a donc 2.5% de tous les dépôts, il percevra l’équivalent de 12 500 $USH ▫️ Alice a donc 10% de tous les dépôts, elle percevra alors 200 000 $USH 📸Pendant la période de l’évènement, un snapshot sera pris chaque jour à un moment aléatoire, entre toutes les personnes ayant des actifs en collatéral et plus de 20% de leurs valeurs déposées dans le HTM Booster. Lors de la fin de l'évènement, une allocation en $USH sera attribuée à chaque participant selon ces critères. Ces informations seront visibles quelques jours après le lancement du Booster et de l’Accumulator dans un Tableau de bord directement depuis @HatomProtocol afin de garantir une transparence totale sur la distribution de $USH Les snapshots étant effectués à un moment aléatoire de la journée, et nécessitant au minimum 20% de la valeur de votre position en $HTM, votre éligibilité peut varier si votre dépôt dans le booster se situe trop proche des 20%, puisque le prix de vos actifs en collatéral et celui du $HTM peuvent tous deux évoluer. C'est pourquoi il est préférable d’avoir une marge de sécurité dans le booster en tant que protection contre les fluctuations du marché. Le dépôt de 20% est un pré-requis pour être éligible, toutefois son dépassement n’offre pas davantage supplémentaire, hormis une sécurité lors du snapshot en cas de variations des cours des actifs. 🎁Dès lors que l’AirDrop sera disponible au claim, il vous sera possible, comme avec l'Accumulator, d’opter pour réclamer vos récompenses en $HTM afin de bénéficier de 5% bonus sur votre montant. ⏱️Nous avons par ailleurs décidé de prolonger la période de retraits des $HTM du Booster de 2 à 7 jours. Cette adaptation à vocation à assurer un environnement stable et sécurisé pour nos utilisateurs. Avec cette modification, nous souhaitons promouvoir une participation plus constante sur le protocole, plutôt qu’une spéculation à court terme. Ce changement est essentiel pour maintenir la stabilité du Booster, garantissant qu'il continue de fonctionner de manière fluide et efficace pour tous les utilisateurs. 🗳️Cet ajustement est sujet à évolution. Une fois que la gouvernance sera active sur le Mainnet, la communauté pourra proposer des modifications à ce paramètre si elle le juge nécessaire. Cette adaptabilité mettra une fois de plus en lumière le rôle important du $HTM dans l'ensemble de l'écosystème et illustre l'influence significative de nos utilisateurs dans la définition de l'avenir du protocole. Comme vous l’avez compris, en plus d'inciter les détenteurs de $HTM token à staker leurs tokens dans le Booster, cet airdrop vise à attirer davantage de liquidités sur le protocole et plus largement sur #MultiversX. Avec le lancement du $USH, de nombreuses nouvelles opportunités DeFi devraient émerger, qui nous l’espérons, entrainerons une augmentation de toutes les métrics liées à Hatom. 🪂L’airdrop est ouvert à tous les utilisateurs, peu importe la taille de vos dépôts, et la durée de ceux-ci, nous vous invitons donc à découvrir dès que possible l’ensemble des outils proposés par @HatomProtocol et bénéficiez de $USH en récompense. 🙏Merci pour votre soutien continu, et pour votre participation active qui nous accompagnent sur le chemin de la réussite. Merci de faire partie de cette aventure qui s’annonce excitante ! Pour essayer Hatom : app.hatom.com Tous les❤️&🔁sont appréciés

Ex-SUI Foundation Managing Director Greg Siourounis Named xMoney Global Co-Founder and CEO to Drive MiCA-Compliant Stablecoin and Payments Program Shifting market conditions and new ambitions for xMoney Global, the cross-border, inter-bank and unified crypto/fiat integrated payments platform, has created the opportunity for a completely new leadership, growth, and product strategy. To lead the charge, Dr. Greg Siourounis, award-winning economist and experienced business leader, will join the company as Co-Founder and CEO. His immediate target will be to focus on strategic deals, regulatory alignment, and market expansion, as xMoney Global looks to build a comprehensive payments platform that bridges legacy financial systems with the potential of decentralized finance. Serial fintech entrepreneur and renowned economist, Dr. Greg Siourounis brings a vast experience spanning over 25 years of leadership and board roles in various major tech, VC, as well as Managing Director of the Sui Foundation. He also co-founded Cenobe, a cybersecurity service provider, and EveryPay, a fully licensed payment service provider, regulated by the Bank of Greece. As an economist and academic, his work has been referenced in the 2024 Nobel Prize in Economics, while also being recognized, among other accolades, with the 2005 Young Economist Award from the European Economic Association and the 2008 Austin Robinson Prize from the Royal Economic Society. As the digital landscape continues to evolve with the coming #MiCA regulation, xMoney Global, a Mastercard principal member, with strategic European licenses, such as e-Money and VASP, intends to lead Europe’s upcoming EU-regulated stablecoin era. Stablecoins are a key driver of blockchain adoption in today’s market, already surpassing Bitcoin, remittances, and PayPal in annual transaction volume. Dr. Greg Siourounis will lead the integration of xMoney's advanced blockchain-enabled payments infrastructure with its upcoming stablecoin product. “With Europe preparing to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be.” said Dr. Greg Siourounis, xMoney Global CEO. “Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience.” The launch of #xMoney Global aims to offer a next-gen blockchain-as-a-service module backed by its native stablecoin, with key white-labeled services including acquiring, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX’s state-of-the-art sharding technology. @beniaminmincu, Co-founder of @MultiversX Foundation, said, “The frontier of payments is being expanded in ways that only recently were made widely possible. Blockchains open the door to direct financial interaction between any party, even cross-border, while MultiversX makes these transactions near free and instantly settled. Very excited to bring this to the people by working hand-in-hand with industry veterans like Greg.”

Swaps just got an upgrade 🎉 Say hello to @lifiprotocol, our newest swap partner in xPortal, making token swaps smoother than ever. To celebrate, we’re offering 0% fees for all Solana Swaps for the next 24 hours. *⚠ Potentially unverified tokens. Proceed with caution.*

With the USH Mainnet launch in under 7 days, the first HTM buybacks that will fuel the USH Staking Module have just begun. 🔥 You can follow the transactions here: explorer.multiversx.com/acco…

We’re pleased to share that the first phase of the USH Private Launch has wrapped up successfully. This milestone focused on deploying the Isolated Pool on Mainnet and bringing initial liquidity from various partners across the #MultiversX ecosystem. Thanks to this effort, the Isolated Protocol achieved a bootstrapped TVL of $20.41M (621.1K $EGLD). Because of the synergy between the Isolated Pool and our Liquid Staking and Lending Protocol, that amount effectively tripled, pushing the total TVL of the Hatom ecosystem from $160.22M to $221.45M. At this stage, the reported TVL does not yet include community contributions or other USH modules. The broader community will have its chance to join when we move to the Public Mainnet launch. We want to extend our sincere thanks to all the partners who supported us in this first phase of the USH Private Mainnet: @MultiversX , @iVerseVision, @lucianmincu, @Veroc_Daniel , @RosuGrigore , @UnitedStaking, @QoWattEcosystem, @foxsy_ai, @ProjectX_DAO, @ProteoDefi, @SasuRobert, @EAPESCLUB, @TheDinoVox, @TortugaStaking, @VorteXz171, @WaveNodeValid, @SmartChainCnx, @moonlorian, @OriusLLC, @valuestaking, @Rarity_market, @MiddleStaking, @autoscale_, @itheum, @ColombiaStaking, Incal, Rohan Stake, SkynetEGLDCapital. We’re also excited to announce that the second phase of the Private Mainnet launch is now underway. This phase focuses on creating multiple LPs to ensure deep liquidity for $USH on launch day, in partnership with @xExchangeApp , @ash_swap , @MultiversX , and @foxsy_ai. By rolling out several liquidity pools right from the start, we aim to stabilize $USH and allow users to trade it against various pairs immediately. This initiative is crucial for maintaining USH’s stability and will help DEXes and aggregators boost their activity and revenue. In addition, introducing these $USH LPs will pave the way for new arbitrage opportunities, driving more on-chain activity within the #MultiversX ecosystem through innovative mechanisms built around $USH. We also encourage projects to switch to stablecoin LPs, following the example of leading chains. This helps foster a fair market for their tokens and minimizes selling pressure on $EGLD. Under the current model, any token sell-off directly impacts $EGLD, much like the early days of Ethereum, when most LPs were paired with $ETH. In that spirit, $USH will launch with LPs for USH-EGLD, USH-USDT, USH-USDC, USH-HTM, USH-MEX, USH-ASH, USH-UTK, and USH-FOXSY. All of these pairs will be available from day one and ready to be farmed. Any LP Tokens received from farms can be staked immediately on Hatom to secure high yields. The third phase of the launch focuses on rolling out the remaining $USH modules and facilitators, enabling $USH minting, and unpausing the various LPs. At that point, $USH will be fully deployed, operational, and accessible to everyone. An announcement with a countdown timer will be shared beforehand, specifying the exact date and time. It’s only a matter of a few days now. As part of this launch, we’ll introduce a range of new features and initiatives: Markets The Markets section will be updated to include data on $USH and its facilitators. You’ll be able to monitor real-time parameters for each facilitator, such as collateral amounts or USH minted, directly from the dashboard. Analytics We’re developing one of the most comprehensive analytics pages within #MultiversX. It will offer detailed insights into every aspect of Hatom’s products, helping users understand and analyze a wide array of metrics and parameters across the entire protocol. Dune Integration Together with the Analytics page, we’re rolling out a @Dune integration to bring #MultiversX into one of the most popular crypto data platforms. Advanced users will be able to customize and build unique graphics and data views tailored to their needs. Governance After nearly two years of Mainnet activity, the protocol has matured, and the community is ready to help steer its direction. Shortly after $USH is launched, the Governance feature will go live, allowing community members to participate in decision-making and shape the protocol's future. Grants We will soon introduce a grants program to support projects that build on top of the Hatom Protocol. This initiative will offer both financial and technical assistance, helping developers realize their goals. The first project to benefit from this program will be @autoscale_, an innovative yield optimizer on Hatom, designed to help users capture compelling yields and easily execute complex strategies. Even before the grants program officially launches, we invite projects building on Hatom to get in touch so we can explore potential synergies and begin offering our support. We’re incredibly grateful to our community for standing by us from the start. This is only the beginning of what promises to be an exciting year!

To be honest, I believe #MultiversX (#EGLD) has the strongest community in #crypto when factoring in market cap, website traffic, follower count, GitHub activity, and every other metric. Proportionally, we are undoubtedly the strongest, loudest, and most active. #EGLDSqueeze

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. Let’s 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 app.hatom.com/bridge and accessible through wtao.com, will launch on the Mainnet in 14 days, on March 27th. You can follow the countdown on the lending page at app.hatom.com/lend. 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 app.hatom.com/liquid, 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 @ash_swap and @xExchangeApp. 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 @ash_perp. 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 @rv_inc 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 @TAO_Validator one of the top 5 validators on #Bittensor. @TAO_Validator has been extremely helpful and supportive from day one. By sharing 50% of its service fee with its stakers, @TAO_Validator 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 @HatomProtocol and @0xSoulProtocol. We’re excited to unveil @Syfy_io, the evolved identity of @HatomProtocol and @0xSoulProtocol, now serving as the parent entity for our burgeoning development companies. Organization is crucial for scalability, which is why @Syfy_io 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 syfy.io for more information! Additionally, don't forget to follow @Syfy_io and explore their Genesis article highlighted in their initial post: nitter.app/Syfy_io/status/1… 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 @xExchangeApp 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 @0xSoulProtocol's developments, it's essential to summarize its core functionality briefly: @0xSoulProtocol seamlessly connects different lending protocols and blockchains, facilitating lending and borrowing across platforms like @aave, @compoundfinance, and @HatomProtocol, consolidating liquidity and users' borrowing capabilities. Utilizing @LayerZero_Labs and other messaging layers for cross-chain communication, @0xSoulProtocol 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 @0xSoulProtocol 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, @axelarnetwork, @chainlink CCIP), and @wormholecrypto, into @0xSoulProtocol framework, enhancing its resilience and flexibility. This allows @0xSoulProtocol 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 @0xSoulProtocol'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: ush.io/ For the technical side, we’re advancing steadily and we’ve 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 “soft” 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. We’re 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 @0xSoulProtocol 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.