Hatom HTM: Airdrop

At Hatom, our core commitment is unwavering: to consistently reward our most engaged users throughout our entire ecosystem. These are the users who believe in our process and vision, actively contributing to our growth and the achievement of one milestone after another. In alignment with this guiding principle, we are excited to introduce the USH Airdrop.

This thoughtfully designed program aims to recognize and reward the active involvement of our community members in both liquidity provision and $HTM staking in the booster, further reinforcing our commitment to a user-centric approach to growth and engagement. This initiative is set to launch in conjunction with the introduction of the HTM Booster and Accumulator on the Mainnet, slated for November 27th. The USH Airdrop snapshots will begin in concert with this significant milestone.

The USH Airdrop will entail the distribution of 500,000 $USH. As #MultiversX's first native stablecoin, USH value is pegged to $1.00 meaning that this airdrop is equivalent to 500.000 US dollars. The distribution of the airdrop is strategically aligned with the launch of our native stablecoin, $USH, on the Mainnet. We are prioritizing the stability and maturity of the $USH token, so we plan to initiate the airdrop only after the protocol has been successfully deployed and stabilized.

Although the airdrop's distribution won't coincide precisely with the stablecoin's launch, it is anticipated to follow soon after, once the $USH token has achieved market stability and deeper liquidity. This carefully planned timing is aimed at ensuring a robust and well-established market presence for $USH.

Based on our data, a significant number of users in our lending protocol still need to acquire and stake $HTM to fully leverage the boost and maximize their returns. This is especially important since, in just a few months, all additional rewards will be directed towards the booster.

However, due to the recent remarkable surge in $HTM's price, which has increased by over 690% in the last 30 days, there are also users who have believed in our vision from the beginning and have invested accordingly. Some of these early adopters now hold more $HTM than required for maximum boosting. This surplus presents an opportunity for additional strategic earnings within our ecosystem, which we will elaborate on in this announcement.

To begin, only users with active positions in the lending protocol and $HTM staked in the booster will qualify for the USH Airdrop. To be eligible, users must ensure that their $HTM stake in the HTM Booster amounts to at least 20% of their total collateral value in the lending protocol. As previously explained, the initial 10% of this stake is crucial for unlocking the highest possible yields available through our incentivization program, thereby optimizing users' earning potential within the lending protocol.

The additional 10% stake is Optional but enables users to earn a share of the forthcoming USH Airdrop. Additionally, maintaining a larger margin in the booster offers a solid buffer against market fluctuations. It's important to note that if users stake only 10%, their positions will still be fully boosted as declared in previous announcements. However, with only a 10% stake, users will not qualify for this airdrop.

The distribution of USH Airdrop rewards is meticulously structured to be directly proportional to each user’s boosted position in the protocol. The essence of this system is that the reward a user receives is in direct correlation with the size of their boosted position within the lending protocol, determined by the equivalent amount of $HTM deposited in the Booster.

As such, the scale of the airdrop allocation varies: for example, a user boosting a $50,000 collateral with a 20% $HTM stake will receive a smaller portion of the airdrop compared to another whose 20% $HTM stake boosts a $2 million collateral. This method ensures a fair and equitable reward distribution, aligned with the individual levels of investment and active participation of each user in the Hatom ecosystem.

To understand how the lending position affects the Airdrop, let's use an example:

Imagine two users using Hatom Protocol, Alice, and Bob:

• Alice has a boosted collateral of $50,000 with 20% of it staked in $HTM in the Booster.

• Bob, on the other hand, has a larger $1,000,000 collateral, also boosted with 20% $HTM in the Booster.

For example, if the total value of all collateral in the protocol is $5 million, and the total Airdrop amount is $200,000, and assuming that all positions have 20% $HTM across the protocol, here's how it'll work:

Every day, a random snapshot is taken of the total $5 million, including all positions that have 20% of their collateral in $HTM at that moment.

• Alice's 20% $HTM-boosted $50,000 collateral makes up 1% of the total boosted collateral, entitling her to 1% of the Airdrop, which is equivalent to 2,000 $USH.

• Bob's 20% $HTM-boosted $1,000,000 collateral accounts for 20% of the total boosted collateral. Therefore, he is entitled to 20% of the Airdrop, which is equivalent to 40,000 $USH.

It’s important to understand that all the snapshots for the USH Airdrop will be taken at random times each day, a measure designed to prevent manipulation and ensure fair distribution of rewards to all users engaged in our ecosystem. Additionally, it's crucial for users to be aware that fluctuations in the value of $HTM against their collateral could affect their eligibility. If at the time of the snapshot, the value of your $HTM staked in the Booster falls below 20% of your total collateral value, you will not qualify for the Airdrop on that day.

Having more than 20% of your collateral value staked in the Booster as $HTM won’t qualify you for a higher allocation as the Airdrop rewards are structured to recognize the minimum threshold of a 20% stake. However, to safeguard your eligibility against market volatility at the time of the snapshot, it is advisable to maintain a slightly higher percentage of $HTM as a buffer.

A few days after the launch of the Booster and the Accumulator, we will introduce a dedicated dashboard for USH Airdrop participants. This dashboard will be located in the Rewards Tab of the Accumulator, allowing you to easily view statistics from past days' snapshots. This enhancement is designed to improve user experience and ensure transparency. This will show whether your stake was eligible each day. Furthermore, the snapshots in this interface are updated on a Day+1 basis to prevent manipulations.

Regarding the amount of the airdrop for each user, it will be determined when $USH is released, at which point the snapshots will cease. Once the claims become available, you will have the option to claim those rewards either in $USH or $HTM, with the usual 5% bonus. In this scenario, the $USH will be utilized to purchase $HTM from the open market, aligning with our strategy to enhance the token’s market presence and value.

After a thorough review of all the recent volumes, we have decided to extend the unstaking cooldown period for the Booster module from 2 to 7 days. This adjustment is part of our commitment to ensure a stable and secure environment within the Booster.

By implementing a longer cooldown period, we aim to discourage short-term speculative behavior and promote more consistent, long-term participation. This change is crucial for maintaining the overall health and stability of the Booster module, ensuring that it continues to operate smoothly and effectively for all users.

Even if we consider that this is the best implementation currently of the Booster module, the adjustments can be changed once Governance is live if the community deems it necessary. This will showcase once again the important role of USH for the entire ecosystem.

In addition to incentivizing $HTM stakers, this Airdrop aims to attract more liquidity into our protocols. With the launch of $USH, many new DeFi opportunities are expected to arise, likely leading to a surge in all the metrics within Hatom's ecosystem.

The Airdrop is open to all community members, even if you're not currently holding funds in the protocol. It's the best moment to explore our products like liquid staking and lending protocol. Unstaking today and transitioning from #xPortal now would only result in missing a few snapshots, which won't have a significant impact given the extended Airdrop period designed to be fair to all participants, regardless of when they join.

Your ongoing support and active involvement are crucial to our journey towards success. Thank you for being part of our exciting future.