XDC Network 🛠 Fathom Liquidity Protocol

[Music] thank you for joining fathom webinar we will discuss the fathom liquidity protocol on the xdc network fathom has several components the first two are our main products fxd stablecoin and fathom decks we plan to release more products in fathom 2.0 fathom is a decentralized protocol operated by Dow Dow governance is based on fthm governance token and staking through which users can get voting power and rewards in fathom we have a goal make real world assets more accessible onchain fathom governance can vote not only for protocol updates but also for decisions about onboarding new assets into the protocol we have the tokenization system for compliance aware rwa prot protol income can also be distributed via governance voting fthm stakers will have even more incentivization with xdc staking fxd the stable coin at the heart of fathom embodies a blend of strategic Financial mechanisms designed to ensure stability liquidity and value retention here's how it operates lenders deposit collateral initially xdc to borrow fxd each fxd issuance is backed by collateral exceeding its value safeguarding against Market volatility fxd is pegged to $1 maintaining a steady value a private stable swap module initially facilitates fxd swaps with other stable assets at a one:1 rate with plans to decentralize as liquidity grows if fxd price surges above $1 minting new fxd becomes attractive inducing a selling pressure to restore the peg conversely if fxd dips below $1 buying fxd to close borrowing positions becomes favorable creating a buying pressure to realign the price intelligent fsls activates when an fxd position requires liquidation due to price drops ensuring effective liquidation with minimized costs to avert bad debt risk a stability fee is acred to permanently cover bad debt with excess potentially contributing to protocol Revenue as the ecosystem matures institutional collateral will be onboarded expanding the fxd collateral base Beyond xdc lenders can utilize fxd across fathom products or external protocols to earn additional yields be it through liquidity provision trading on fathom decks or participating in vaults plans are underway to onboard real world assets as collateral for fxd opening avenues for Diversified collateral pools and further stabilizing the fxd value fxd is not merely a stable coin but a gateway to a broader more resilient Financial ecosystem it's the Lynch bin that facilitates a harmonious interaction between digital assets and real world assets steering fathom towards its vision of a balanced and inclusive Financial realm fxd core components are cdps fxd is backed by collateral exceeding its value flash loan Liquidators can access the necessary tokens to repay debt St swap additional layer of fxd pegging mechanism through Arbitrage liquidation module operates utilizing fixed spread liquidation that activates when an fxd position requires liquidation due to price drops price oracles determines the current market price of different assets used as collateral in the cdps fathom uses several price sources utilizing volume weight at average price vwap Model if price is significantly differ the new price won't be accepted by protocol please scan QR for more technical details about fathom and fxt you can see the fathom dap fxd dashboard protocol stats available collateral pools and the list of user positions let's open the new position users can choose how much xdc to collateralize we recommend choosing safe Max to make your position safety enough it will make a safety buffer of 25% though you can go up to 1% safety buffer you will be warned since that is dangerous always better to keep a higher buffer you can read the details of your new position before making the transaction when you are ready click the open new position button we support several wallets including metamask XTC wallet connect XTC network is really fast and you can see the results in 2 seconds the new position will appear in your position list pay attention to the position safety buffer it depends on the current xdc price you can manage your position add more collateral and borrow more fxd or repay your debt taking collateral back topup position works in the same way as creating a new position but for the existing one you can choose to repay the part of the position or close it fully first let's pay the part of the debt now let's close the this position fully repaying the debt you need to pay more than you borrowed because you are also covering the stability fee you repaid your debt fully the next part of the fathom map is Dow the important part of it is staking for fthm governance token of fathom staking allows one to to receive rewards and voting power users can lock fthm for a period of time receiving more rewards voting power can be used in governance to create proposals and vote for them proposals may contain automation a call to another smart contract the next part is fathom deck you can trade and participate in liquidity pools we target fathom decks to become the main trading place for tokenized rwa on the xdc network for that we will make many improvements for it soon stable Pools Better trading routes all our work you can find on GitHub for example fxd smart contracts we appreciate the community participation in the development and will carefully review all found issues and Improvement proposals you also can find open- source subgraphs for all our products you can use them if you're creating a project that utilizes fathom fxd or other products don't hesitate to participate in fathom app development XTC Network differs from regular evm aside from other changes it has an XTC prefix for addresses that is why in our work we are using modified libraries fathom ethers Fork of ethers JS fathom web 3 Fork of rust web 3 xdc 3. JS Fork of web3.js not our development fathom ethers and xdc 3js are JavaScript libraries for interacting with the XTC Network and its ecosystem fathom web3 three is a rust crate that serves the same purpose we published fathom ethers and other related packages to npmjs.com you also can find xdc 3.

JS there fathom web3 can be found in crates registry crates.io and li. rs the last thing you need is public RPC for xdc mainnet you can find the list on chain list for the chain and 50 for xdc test net apoem you can find the list also on chain list for the chain at 51 thank you and let's build together