DeFi Case Study

Hatom Protocol

A decentralized, algorithmic protocol for lending and borrowing assets that operates on the Elrond Network

Backend Development

Web3 Integration

Smart Contracts Development

DeFi Research

Rust Development

The Promising Blockchain for
‍DeFi Success

Imagine that you and your visionary team of serial entrepreneurs found a UNIQUE opportunity. A very promising and technologically advanced Blockchain, with a vibrant community, waiting for someone to take the next step.
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To compete in the race towards the transition from traditional finance to DeFi, many blockchains have claimed to be the one to lead the charge. However, most have faced difficulties, such as Terra and Solana.
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For Elrond to have a chance, it must possess the three essential components of DeFi: a stablecoin, a decentralized exchange, and a lending protocol.

Hatom Team's
Visionary Approach

The Hatom team, being visionary, realized that a crucial component was absent: the Lending Protocol.

To address this, they meticulously analyzed the community and developed a plan to provide consistent and effective results.

The Hatom team prioritizes delivering value and maintaining a strong, sustainable value proposition, never compromising on their goals.

Finding the Right
Development Team

The roadmap is complete after much effort. The challenge was finding someone with a compatible work ethic, capable of handling the task, and exuding confidence for the long term. There was a big difficulty: who develops in Elrond?

“Most teams we’d contacted had provided us with unrealistic timelines, and it didn’t seem like they had the required competencies.” Ahmed Serghini, Co-CEO & COO, Hatom Labs

Impossible?
Not for Rather Labs

We created a custom-built team who took ownership of the project and brought a strategic approach to everything. Shorten the learning curve on new technologies with a principal engineer that’s immersed in the latest technologies and constantly acquiring knowledge and best practices.
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“We knew that Rather labs was different from their portfolio and expertise. It became clear after the meeting that they were the real deal and that all the praise and good reviews they received were well-deserved.” Ahmed Serghini, Co-CEO & COO, Hatom Labs.

Hatom was selected for the Maiar Launchpad, one of the most prestigious launchpads in the world

Solution

In March 2022, Hatom Labs, a crypto lending company, joined the Rather Labs’ family. They have hired us to develop their first version of a decentralized lending protocol using Devnet.

We created a custom-built team who took ownership of the project and brought a strategic approach to everything. Shorten the learning curve on new technologies with a principal engineer that’s immersed in the latest technologies and constantly acquiring knowledge and best practices.

Development Roadmap

Inception

Detailed review of the implementation of Compound protocol, including parameters and security features.
Understanding all the mechanisms in Compound
Transpolate Compound's design to Elrond.
Contracts design.
Design of the governance contracts.
Writing of design documentation.

Development & Testing

Writing of Elrond smart contracts in Rust.
Web3 integrations with Elrond wallet for all actions.
Deployment & testing of all the smart contracts in the Devnet.
Development of the Staking Yield smart contract

Documentation & Auditing

Liquidation bot functionalities
Providing support to the security audits.
Fixing critical & high-security vulnerabilities.
Audit and risk assessments for the new Price Oracle

Web3 Interface - Deployment & Testing

Deployment in Devnet.
Lending protocol
Set of contracts (controllers, oracles, etc..).
Initial money markets.
Reservoir and funding with tokens.
Configure all required contracts to a functioning state.

Development of scripts
New money markets.
Funding reservoir.
Incentivizing specific money markets.
Configuring Rewards distributing rate.
Staking Yield smart contract.

Our CTO Represented Hatom in Elrond's
First Conference at Paris
Discover Hatom's Vision and Roadmap

Hatom is going to be the most audited protocol in the Elrond blockchain with a total of 5 audits.

Work Team

They’ve worked closely with different members of our company:

Ramiro

Principal Engineer

Ariel

Project Manager

Pablo

Blockchain Engineer

+5
Others

Supervisors

“The team is highly competent, resourceful, always on the pulse, and ready to address any situation that might arise promptly.” Co-CEO & COO, Hatom Labs Ahmed Serghini

Federico Agustín Caccia

CEO

Franco Scucchiero

CTO

Hatom Protocol

The Promising Blockchain for ‍DeFi Success

Hatom Team's Visionary Approach

Finding the Right Development Team

Impossible?Not for Rather Labs