Hector Finance — a project, running on the Fantom Opera network. The team is committed to creating value for users by developing a range of use cases across the Hector ecosystem. A portion of the proceeds from these use cases will help to buy and burn Hector tokens on the market. In 2022, Hector will expand to become multi-chain.
About Hector Finance
Stablecoins like USDT and USDC have become an integral part of the crypto space. They help to store non-volatile value, which allows you to maintain the same purchasing power from day to day.
Hector Finance has three main goals:
| 1 | Become a major financial center in the Fantom space and beyond. |
| 2 | Hector Finance will position itself as a financial hub for many use cases within the Fantom ecosystem. Developers want to manage their assets efficiently and quickly, lend/borrow, earn interest on stakes, connect chains, launch new projects, and more. |
| 3 | Contribute to the growth of the Fantom Opera network by producing high quality products and providing value. |
Bonds — one of the ways HectorFinance makes a profit. The protocol will sell bonds of other tokens, such as DAI, for HEC tokens at a discount, which will be transferred for gradual release to the bonding party. This allows loyal users to manage their HEC portfolio and earn significant rewards over time, as well as support the growth of Hector Finance by funding its liquidity and facilitating more upward price action. Certain features of the Hector ecosystem, such as Hector Swap and Hector Bank, will generate trading fees for their use. These fees will partly go to the treasury. From time to time, the community votes to invest part of the treasury in projects in various networks. The proceeds from these investments belong to the treasury.
More about defi app
Rates - an integral part of Hector Finance. Users will stake their HEC by locking it in the ecosystem and earning cumulative rewards in sHEC (which can always be exchanged for HEC at a 1:1 ratio), generated by the bond sale. Over time, the amount of HEC that stakers own will increase, which will bring more profit and reduce risks.
The bet blocks your HEC and gives you an equal sHEC balance, which is automatically added up. To clear the bet, sHEC is burned to an equal balance of HEC.