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DeFi Case Study

Hatom Protocol

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The #1 Liquidity protocol in MultiversX network.
Backend Development
Web3 Integration
Smart Contracts Development
DeFi Research
Rust Development

Hatom successfully reached +100M USD TVL within 6 days of launching, becoming the #1 Liquidity Protocol of the whole MultiversX network.

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The New Paradigm of Blockchain for DeFi Triumph

Picture a unique opportunity; a robust, technologically advanced blockchain ripe with potential and an engaged community ready for the next leap forward.

Enter Hatom, a trailblazing team harnessing this opportunity to elevate the MultiversX network as the foremost choice in the transition to DeFi.

A Visionary Approach by Hatom Team

The Hatom team, ever forward-thinking, identified a significant missing piece: a Lending Protocol. Responding to this, they embarked on a thorough analysis of the community and designed a strategy to deliver consistent and powerful results.

They are dedicated to delivering value and upholding a resilient, long-term value proposition, never wavering from their ambitions.

Partnering with the Perfect Development Team

After immense effort, a roadmap was born. The challenge lay in identifying a team that shared the same drive, was capable of the task, and demonstrated long-term commitment.

Who could develop in MultiversX?

“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

A challenge?
Not for Rather Labs

We curated a tailor-made team that took the reins of the project, bringing strategic acumen to every aspect and reducing the learning curve for new technologies.

"We knew Rather Labs stood apart based on their portfolio and expertise. After our meeting, it was clear they were the right choice and all their accolades were well-earned.” Ahmed Serghini, Co-CEO & COO, Hatom Labs.

Hatom successfully achieved +200M USD TVL catapulting the
MVX blockchain into the top 18 blockchains by DeFi TVL

Solution

In March 2022, Hatom Labs became part of the Rather Labs family. They engaged us to develop the first version of a decentralized lending protocol using Devnet.

In December 2022, we launched the first Lending Protocol within the MultiversX ecosystem on Devnet.

In July 2023, the Lending Protocol and Liquid Staking features became available on the Mainnet, achieving $50+ million TVL in less than an hour from the release!

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 MultiversX's Inaugural Conference at Paris

Partnering with the Perfect Development Team
xDay Paris conference
With six audits to its name, Hatom is the most audited protocol in the MultiversX blockchain.

A Commitment to Continuity

Through persistence and perseverance, we have built a relationship of trust for the long haul.

Riding on this victorious partnership, we're primed to turbocharge the MultiversX network, innovating a multitude of new features designed to enhance and secure user experience in the near future.

Our Team Leadership

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

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

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