We just published a short video explaining how Atomix works.
Watch it to learn how borrowers and liquidity providers interact with the Atomix protocol to enable decentralized lending.
The overview of the economics behind Atomix’s governance token – ATMX – is now available.
Similar to Mettalex, Atomix will not go through any traditional seed or private rounds of funding. The project will effectively be seeded by the Fetch.ai community.
ATOMIX JOINS THE FETCH.AI PHOENIX PROGRAM
We are happy to announce that after MTLX, FET holders will again have the privilege to receive the first free ATMX tokens.
Over a period of three months, 750,000 ATMX tokens will be distributed to users staking FET on staking.fetch.ai
The ATMX enrollment option will appear on the staking page on Apr ’21.
“By introducing real-world collateral, Atomix makes an evolutionary step in DeFi lending where the predominant collateral is currently cryptocurrency.” – Humayun Sheikh, Co-Founder, Atomix
Supply Stablecoins – Receive a Competitive Yield.
Atomix enables stablecoin holders to supply liquidity and receive a yearly yield composed of protocol-generated returns and ATMX rewards. That yield is highly competitive compared to returns delivered by decentralized finance (DeFi) and traditional alternatives.
Supplying stablecoin liquidity to Atomix entitles providers to protocol-generated returns.
Generous ATMX Rewards
In addition to the protocol-generated returns, USDT Liquidity Providers receive ATMX governance tokens as rewards.
The Atomix protocol manages a pool of ATMX and USDT to ensure that Liquidity Providers receive their original liquidity.
Withdraw Capital at Any Time
Liquidity Providers can withdraw their stablecoins at any time – 24/7/365.
Borrow Stablecoins – Use Real-World Assets As Collateral.
The Atomix lending protocol provides a bridge between secured real-world assets and decentralized finance. It enables Borrowers to tokenize the security taken over real-world assets and use it as collateral for borrowing stablecoin loans.
Competitive Borrowing Rates
Gain access to capital at rates typically available only to larger entities thanks to DeFi liquidity and cryptocurrency-based incentives.
Attractive Loan-to-Value Ratio
Depending on the volatility of the secured asset, the LTV ratio can be highly competitive.
The Only Capital Pool You Need
Finance your projects by acquiring all the capital you need from a single source – Atomix.
No early repayment fees and the ability to add more assets at any time.
User-Friendly Online Interface
Manage all your secured assets in a single web-accessible interface.
You can access capital as soon as security is taken over your asset and your ACT token is minted.
Who is Atomix for?
Stablecoin holders can supply liquidity to the Atomix protocol and receive protocol-generated returns and rewards.
Atomix is sector agnostic. An early target are Borrowers seeking secured lines of credit but who have difficulty sourcing finance from traditional sources in the credit market.
What Makes Atomix Different?
SECURITY OVER REAL WORLD ASSETS USED AS COLLATERAL
The Atomix protocol is designed to enable the tokenization of secured real-world assets. Once an asset has been valued and security taken over it, an Atomix Collateral Token (ACT) is minted evidencing that secured asset. The ACT can then be deposited with the protocol and used as collateral for borrowing stablecoins.
If a Borrower breaches the terms of its loan, steps will be taken to enforce the security and assets may be sold to recover amounts owed to the protocol. The LTV ratio is set to provide as much certainty as possible that upon enforcement of the security the Borrower’s assets will realise the amounts owed to the protocol.
INCOME GENERATION, LIQUIDITY AND FLEXIBILITY
Borrowers pay interest on their flexible loans to the Atomix protocol.
Atomix incorporates token-based incentivization, stablecoin liquidity, and an innovative system to deliver a competitive yield for Liquidity Providers.
TRANSPARENCY AND TRUST
The smart contracts including the underlying asset values and loan details are readily available and verifiable via the Atomix interface and the underlying blockchain.
The protocol generates trust by ensuring that all borrowing is secured against sufficient collateral at all times.