The integration of the Fathom protocol with XDC Network will provide a safe and highly liquid environment for digital assets for institutional and retail investors. This integration’s primary objective is to provide investors with a sustainable, secure, and efficient DeFi experience on the XDC Network using the Fathom platform.
Fathom emerges as the potential lending and borrowing platform based on the XDC Network. Also, Fathom confers a variable yet sustainable, the high yield for making contributions to liquidity pools using liquid staking and a borrowed interest APR as the basis. As a part of this integration, Fathom offers features such as collateralization with XDC and institutional digital assets, borrowing FXD, and collateral withdrawals to its users.
Markedly, the Fathom protocol includes the over-collateralized stablecoin FXD, as well as an ecosystem that contains a DEX, DAO, and RWA tokenization. The co-founders affirmed that the governance token FTHM will soon be launched.
Manuel Rensink, the Co-founder of Fathom Protocol stated:
Fathom’s price-stable currency, FXD, is over-collateralized with XDC and other DAO-approved tokens. This provides security tokens with exposure to real-world assets issued by institutional XDC network participants. To obtain FXD, the user must first provide XDC collateral before lending FXD against it.
By utilizing proof-of-stake (PoS) rewards, liquid staking, and yield-bearing RWA, Fathom seeks to establish its native stablecoin FXD as a distinctive decentralized protocol currency. When compared with other DeFi protocols such as MakerDAO, Fathom Protocol attempts to stand out by its efficiency, scalability, and sustainability. Moreover, Fathom’s stablecoin, FXD, is distinct from other stablecoins as it is over-collateralized with XDC.
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