On October 17, Hatom Labs (@HatomProtocol) posted its Protocol Update #9, marking a significant milestone for the protocol, its token $HTM, the @MultiversX ecosystem, and also the whole #DeFi landscape.

In my opinion, Hatom is one of the most solid decentralized finance protocols in this industry. It sets very high standards among its competitors despite having a relatively low capitalization (~$36M).

What sets Hatom apart is, for example:
- Concise communication strategy, reducing the noise;
- No fancy marketing stunts to generate FOMO;
- Solid development, focused on security;
- Plenty of security audits and tests;
- Additional security by running on #MultiversX (#EGLD);
- Very intuitive UX/UI, simplifying complex operations;
- Multi-chain vision, bringing opportunities;
- A relatively high liquidity money market for HTM's market cap;
- Focus on education and clear product information;
- Highly responsive, fully dedicated, and capable team;
- No rush to launch products, despite community pressure;
- Focus on long-term sustainable growth;
- etc.

Meeting Hatom and MultiversX was what made me interested in DeFi again. An interest I lost a few years ago for many reasons and a lack of what I judged as solid enough infrastructures (chains) or protocols, both with previously non-ideal UX/UI, security standards, or communication strategies.

This recent update makes things even more exciting.

The overcollateralized stablecoin USH will deploy on the Devnet for public testing (and I'll be watching closely how its mechanics work under stress). This is a very much-needed competitor to former MakerDAO's DAI, now Sky's USDS.

Notably, overcollateralized stablecoins like DAI have been battle-tested for years and use a different (and preferable, IMO) mechanic than algorithm stables like Terra's UST or Ethena's USDe.

It's also far better than the CBDCs-wannabe centralized stablecoins like Tether's USDT and Circle's USDC.

USH is expected to bring even more liquidity to Hatom and the MultiversX ecosystem, potentially increasing the market demand for $EGLD, which is a plus.

Some other announced features will create more sustainable economics for HTM, creating a self-sustainable rewarding ecosystem made by market buys instead of supply inflation, which can also fuel demand for the token.

Additionally, the team promises even more educative materials and an even better user experience, which I'm eager to see.

Yes, I have some HTM.
Both for short-, mid-, and long-term goals.

No, this is not financial advice.
I'm just sharing what I believe is good information about a protocol and a team I'm learning to like more and more. I could be deadly wrong, so DYOR.

There are lots of risks to consider, by the way.

Either by using the platform (DeFi is risky, sorry), or by engaging with a low-cap token, so please keep your emotions under control and learn about the risks before doing anything (if a thing at all).

See you in DeFi.

What do you think about USH, Hatom, MvX, and DeFi?
#HTM #DeFi