Hatom TAO Liquid Staking Review: Is It Worth Using?

Hatom’s liquid staking module takes wTAO and issues Staked wTAO, or swTAO. Hatom describes the product as a way to stake wTAO without locking up its value. In practical terms, you hold a token representing a staked position rather than only an untradeable deposit. That does not mean swTAO is always interchangeable with wTAO at a fixed price: its market value and the ability to exchange it depend on available liquidity and the module’s redemption process.

The app also lists a TAO Bridge, which is relevant if you need to move TAO into the MultiversX ecosystem, but the steps and terms for that route are not specified. HTM is Hatom’s token; the staking description does not say that you need HTM to use this module. Check that you have the correct wTAO asset on MultiversX before approving a deposit, and do not assume swTAO can be redeemed instantly or at a guaranteed rate.

Hatom does not publish a reward rate for TAO liquid staking, so there is no stated APY to use when estimating returns. Rewards on staking products can vary, and the value you ultimately realize can also be affected by changes in wTAO and swTAO prices or by limited liquidity. Treat any displayed rate as changeable if you encounter one in the app, and check how it is calculated before relying on it.

The module’s fee schedule is not published. You should expect to pay MultiversX network fees for on-chain transactions, but the amount depends on network conditions and the actions you take. A separate protocol fee, spread or other charge may affect the result; confirm the full transaction details in the app before signing rather than assuming staking is free. Also check whether moving assets through the TAO Bridge has separate costs. Without published rates and fees, you cannot make a precise net-return comparison with other staking options.

Hatom’s app lists smart-contract audits for its Liquid Staking module by Runtime Verification, CertiK and Arda. It also lists penetration testing by Halborn and CertiK, and DevSecOps work by CertiK. These named security assessments provide more transparency than an entirely undocumented contract, but the names alone do not tell you what was tested, whether findings were resolved, or whether the deployed contracts still match the reviewed versions.

An audit is not a guarantee against bugs, compromised keys or losses. Liquid staking also adds token and liquidity risks: swTAO may not trade at the value you expect, and the ability to exit may depend on the module or external markets. The app does not establish a licence or explain a custody arrangement in the product text, so do not treat either as confirmed. Only deposit an amount you can afford to have exposed to these risks, and inspect the current security reports and contract details before proceeding.

To use the module, you need wTAO on MultiversX and a wallet that can connect to Hatom’s app and sign MultiversX transactions. Hatom’s interface includes a wallet connection control and identifies MultiversX as its network. Confirm your wallet is on the correct network and that the token contract and transaction are the ones you intended to use. Never approve a transaction you cannot interpret.

If you need to obtain wTAO from TAO, Hatom lists a TAO Bridge, but you should first check its live status, supported route, fees and transaction requirements. The product details do not specify supported wallets, mobile behavior, transaction speed or withdrawal timing. After staking, verify that swTAO appears in your wallet and keep a record of the transaction. Before depositing more, make a small test transaction if the available interface and network conditions make that practical.

The main limitation is the lack of published operating terms for the parts that matter most to a depositor. Hatom does not state the module’s fee schedule, reward rate, redemption method, withdrawal timing or limits. That makes it difficult to calculate your expected return or know exactly how you will exit. Check the current app and security reports for those details before committing funds; if the exit path is unclear, do not assume you can redeem on demand.

You are also taking exposure to a wrapped asset, a liquid staking token and smart contracts on MultiversX. If swTAO loses liquidity or trades below the value you expect, selling it may not return the same amount as redeeming through the protocol. The product may fit users comfortable researching those mechanisms, but it is a poor match if you need guaranteed liquidity, fixed returns or fully published terms. Compare the actual net costs and exit options, not just the promise of liquid staking.