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The Fathom Protocol is a pioneering decentralized finance platform. Its primary aim is to bolster the liquidity by positioning FXD, an over-collateralized and soft-pegged stablecoin. The other parts of the Fathom ecosystem are built around FXD: Fathom DEX, Vaults, Lending, Oracles, and DAO.
Key Highlights of the Fathom Protocol:
Fathom's FXD: The Over-Collateralized, Soft-Pegged Stablecoin: FXD stands as a cornerstone of the Fathom Protocol, being soft-pegged to the US dollar. This approach provides a stable and reliable digital currency, aiming to minimize cryptocurrency's inherent volatility.
Fathom's Decentralized Exchange (DEX): As the central trading hub within the Fathom ecosystem, the DEX enhances the liquidity of both XDC and FXD. It's a key platform for facilitating secure and efficient trading activities.
Fathom's Vaults: Platform designed for astute investors seeking to enhance their digital asset portfolio. Vaults offer a secure and dynamic way to grow cryptocurrency investments through robust yield strategies.
Fathom's Lending: Decentralized non-custodial liquidity market where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers can borrow in an over-collateralized (perpetually) or under-collateralized (one-block liquidity) fashion.
Fathom's Oracles: Decentralized oracle network powered by Fathom's FXD with high availability, reliability, and data accuracy.
Governance through Fathom DAO: The protocol is driven by the Fathom Decentralized Autonomous Organization (DAO), which integrates the FTHM token, governance, and staking. This framework empowers FTHM token holders with voting rights and a say in the protocol's governance and future direction.
Vision for DeFi Evolution: The Fathom Protocol is uniquely positioned to contribute significantly to the evolution of DeFi. Its focus on providing a stable digital currency and a fluid trading environment underscores its commitment to advancing decentralized finance.
The live Fathom Protocol price today is $0.062134 USD with a 24-hour trading volume of $66.96 USD. We update our FTHM to USD price in real-time. Fathom Protocol is up 251.77% in the last 24 hours. The current CoinMarketCap ranking is #7865, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 FTHM coins.