Liquid Staking
A decentralized liquid staking protocol on MultiversX that enables secure EGLD staking with liquid token representation and optimized delegation.
Overview
Hatom Liquid Staking is a decentralized protocol built on the MultiversX blockchain that enables users to stake EGLD tokens securely and receive a liquid representation called sEGLD. This liquid token can be used within DeFi ecosystems, traded, or transferred peer-to-peer while accruing staking rewards at every epoch. The protocol supports instant redemption of sEGLD for EGLD with a fee or standard redemption after the unbonding period defined by MultiversX.
The protocol architecture consists of two main smart contracts: the Liquid Staking contract, which handles staking, undelegation, and withdrawal logic, and the Liquid Staking Score Model contract, which calculates delegation scores for staking providers. These scores are based on configurable parameters including total value locked, annual percentage rate, service fees, and node qualification thresholds. This scoring system ensures that delegations are distributed proportionally to optimize decentralization and maximize user rewards.
Users interact with the protocol through synchronous endpoints that mint and burn sEGLD and NFTs representing undelegated stakes, enabling smooth integration. Asynchronous operations such as actual delegation, undelegation, withdrawals, and reward claims are managed by automated bots. The protocol has undergone extensive audits by multiple parties including Runtime Verification, Certik, and MultiversX, ensuring security and reliability. Developers can get started by compiling the Rust-based smart contracts and integrating with the protocol’s endpoints, with comprehensive community support available via Discord and Telegram.
The Problem
Staking native tokens like EGLD typically requires locking assets for a fixed period, limiting liquidity and flexibility. Users face challenges in accessing staking rewards while maintaining token usability in DeFi or trading. Additionally, distributing stakes across multiple providers to optimize decentralization and returns is complex to manage manually.
The Solution
Key Features
Liquid Staking with sEGLD Token
Users stake EGLD and receive sEGLD, a liquid token that accrues rewards and can be used in DeFi or traded.
Instant and Standard Undelegation
Supports instant redemption of sEGLD for EGLD with a fee or standard redemption after unbonding via NFTs.
Automated Delegation and Reward Management
Bots handle asynchronous delegation, undelegation, withdrawals, and reward claims to simplify protocol operations.
Key Strengths
How Developers Use Liquid Staking
Enabling Liquid Staking for EGLD Holders
Developers integrate Hatom to allow users to stake EGLD and receive liquid sEGLD tokens usable in DeFi applications.
Optimizing Staking Provider Distribution
Protocol manages stake allocation across multiple providers based on configurable scoring to maximize decentralization and yield.
Instant Redemption of Staked Assets
Users can instantly redeem sEGLD for EGLD with a fee, improving liquidity compared to traditional staking lockups.
Works Well WithEthereumPolygon PoS
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Pricing
Open Source | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Discord and Telegram |
| Analytics |
Resources
The Hatom Liquid Staking GitHub repository provides the full source code, build instructions, and detailed protocol documentation. Additional resources include community channels on Discord and Telegram, a blog for updates, and links to audits by Certik, Runtime Verification, and others.