Fathom Protocol is a DAO-operated DeFi ecosystem built around the FXD stablecoin. Users can deposit XDC or staked XDC as collateral to mint FXD, borrow against crypto and real-world assets, supply or borrow through non-custodial lending markets, and access yield opportunities through RWA Vaults and Trade Finance Pools. The protocol also operates a stableswap DEX and uses the FTHM governance token, which holders can lock to participate in governance proposals and voting.