Lending · Review
ActiveHatom Lending Review 2026: MultiversX Money Market
Hatom Lending is a decentralized lending and borrowing protocol on MultiversX with about 7 million USD in TVL and an extensive audit list. Its main appeal is being a native money market for that chain; its main limit is size and chain exclusivity.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.0/10
Good
Our verdict on Hatom Lending
7.0/10Hatom Lending suits users already active on MultiversX who want to earn interest or borrow against their holdings. Its main strength is the breadth of its product set and the long list of audits and security reports published in the app. The main caveat is size and concentration: TVL is around 7 million USD and everything depends on one chain, so liquidity and contract risk deserve careful attention. Check live rates in the app before using it.
Score breakdown
How Hatom Lending scores
- Security
- 7.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Hatom Lending?
Hatom Lending is a decentralized lending and borrowing platform on the MultiversX network. DefiLlama files it under Lending and lists it since July 2023, with roughly 7 million USD in total value locked and a 1.4 percent rise over seven days.
The app goes beyond a single pool. Its menu lists the lending protocol, liquid staking, an isolated protocol, a TAO Bridge, an HTM Booster, USH lending, a stablecoin facilitator and a staking module. USH is described as Hatom's over-collateralized stablecoin pegged to USD.
The protocol has a native token, HTM. The app's security section lists audit reports from several firms for each module.
How Hatom Lending works
Hatom works as a pooled money market. Users supply assets to a market and earn interest paid by borrowers. Supplied assets can be marked as collateral, which sets a borrow limit.
Borrowers pay variable interest and must keep their debt below the borrow limit. If collateral value falls too far, positions can be liquidated by third parties to repay debt. The app shows net APY, supply balance, borrow balance and borrow limit used for each account.
Beyond the main pool, the app lists a USH Pool where users can mint USH against collateral, an isolated protocol, liquid staking, a staking module, an HTM Booster and a bridge. Exact parameters for each are not public.
6 features
Key features
01
Supply and borrow markets
Users supply assets to markets and can borrow against them, with a position summary showing net APY, supply balance, borrow balance and borrow limit used.
02
USH stablecoin minting
A separate USH Pool lets users mint USH, described as an over-collateralized stablecoin pegged to USD.
03
Isolated protocol
The app menu lists an isolated protocol alongside the main lending pool, which separates risk across markets.
04
Liquid staking and staking
The same ecosystem lists a liquid staking product, a staking module and an HTM Booster.
05
TAO Bridge and facilitator
A TAO Bridge and a Stablecoin Facilitator are listed among the protocols.
06
Multilingual app with devnet mode
The app offers a devnet mode toggle, dark mode, transaction alerts and several interface languages including English, French, Chinese, Spanish, Korean, Romanian and Portuguese.
Pros and cons
What we like
- Native lending market on MultiversX with a multi-product ecosystem
- Audits from several named firms are listed for each module, plus penetration testing and DevSecOps reports
- Over-collateralized USH stablecoin minted through a dedicated pool
- Isolated protocol option separates risk from the main pool
- App supports multiple languages and a devnet mode for testing
Watch out for
- TVL of about 7 million USD is small next to the largest lending protocols, so liquidity can be thin
- Runs only on MultiversX, so users need that ecosystem's wallet and assets
- Fees, interest rates and collateral factors are not stated publicly and must be checked in the app
- Several modules (USH minting, isolated markets, bridge) add complexity and more contract surface to understand
- Audits reduce but do not remove smart-contract, oracle and liquidation risk
- The app page shows a 'Coming Soon' label next to the protocol selector, which is unclear without opening the app
Hatom Lending fees
Fees are not published. Lending protocols generally charge no fee to deposit, but borrowers pay a variable interest rate, and each on-chain action costs a network fee.
Supply and borrow APYs, liquidity and collateral parameters are shown per asset in the app's market tables. Check them there before you act.
Is Hatom Lending safe?
The app publishes a security reports section. For the lending protocol it lists audits by Runtime Verification, Peckshield, ABDK Consulting, CertiK, Hacken, Halborn and Arda, plus penetration testing by Halborn and CertiK and DevSecOps by CertiK. Other modules list audits by Runtime Verification, Arda, CertiK and Astrarizon. DefiLlama counts two audits for the listing.
Audits lower but do not remove risk. Users still face smart-contract bugs, oracle issues, liquidation risk and stablecoin depeg risk. The project does not describe any incidents or the custody model beyond it being non-custodial lending. Users control their wallet keys, so wallet security matters.
6 steps
How to get started with Hatom Lending
- 1
Confirm you are on the official app address and have a MultiversX-compatible wallet.
- 2
Fund the wallet with assets supported by the markets, plus some EGLD for network fees.
- 3
Connect the wallet in the app and review the Supply markets and Borrow markets tables for rates and liquidity.
- 4
Supply an asset and enable it as collateral if you plan to borrow.
- 5
Borrow conservatively and keep the borrow limit used well below the maximum.
- 6
Review the security reports page for the module you use and monitor your position regularly.
Who Hatom Lending is for
Hatom Lending is for MultiversX users who already hold assets on the chain and want to lend, borrow or mint a stablecoin. It is less suited to people who want deep liquidity across many chains or who are new to liquidation risk.
Hatom Lending FAQs
What is Hatom Lending?
Hatom Lending is a decentralized lending and borrowing platform on the MultiversX network. Users supply assets to earn interest and can borrow against collateral.
Which blockchain does Hatom Lending run on?
DefiLlama lists it on MultiversX only. The app is built around the MultiversX network and its wallets.
Has Hatom Lending been audited?
The app lists audits from firms including Runtime Verification, Peckshield, ABDK Consulting, CertiK, Hacken, Halborn, Arda and Astrarizon, depending on the module. It also lists penetration testing and DevSecOps reports for some modules. Audits do not guarantee safety.
What is USH?
USH is described on the app as Hatom's over-collateralized stablecoin pegged to USD. It is minted in a separate USH Pool market rather than the main pool.
Does Hatom have a token?
DefiLlama lists a token with the ticker HTM. The project does not detail its supply or utility beyond an HTM Booster module being listed.
Can I lose money lending or borrowing on Hatom?
Yes. Borrowing against collateral carries liquidation risk if the value of collateral falls or the debt grows. Users should watch the borrow limit shown in the app.
Compare
Hatom Lending alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
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Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
Same chain
More on MultiversX
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
Hatom Liquid Staking lets MultiversX users stake EGLD and receive the liquid token sEGLD, as part of the audited Hatom DeFi suite.
xExchange is an AMM DEX on MultiversX offering swaps, liquidity farms, staking and a MEX energy system, built by the team behind the chain.
Pulsar Money is a stablecoin-funded app with USD and EUR balances, a virtual card, swaps and an Earn feature for global spending.
Hatom TAO Liquid Staking lets MultiversX users stake wrapped TAO and receive swTAO, a liquid receipt token, as part of the Hatom lending ecosystem.
How we checked
Sources
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