Hector is a decentralized framework in light of the HEC token, which is collateralized and upheld by the Hector DAO. Fantom’s hold money will be HEC. Hector utilizes the Algorithmic Currency Protocol and is upheld by other decentralized resources for giving value dependability. Hector is making an environment that will incorporate an assortment of special headways and applications that will separate it separated from rivals. Hector is a community-owned asset; HEC holders determine Hector’s destiny through the on-chain voting system,
To be viewed as a store of significant worth, a thing should have a steady cost or ascend in cost over the long run. This is the place where Hector DAO (“Hector”) enters the image. Hector is a fork of Olympus and a decentralized resource supported save cash based on the Fantom Opera Chain. Hector is upheld by a developing pool of DAI, USDC, FTM, and different coins. As the project amasses greater liquidity and stores, the support per Hector token (“HEC”) develops, bringing about a ceaselessly rising value floor beneath which HEC can’t fall.
The Hector convention is based on DeFi 2.0, and as an OHM fork, the vital uses of the framework at send-off are Bonds, Staking, and the DAO.
Staking and Bonding
Customarily, financial traders and investors needed to pick either Staking and Bonding. Regularly, their choice would be founded on anything item that gives the most elevated ROI at the hour of procurement. We call this 3,3 in light of the fact that, as indicated by game theory, Staking is the best result for all parties. Hector Finance has decided to take things to a higher level. Hector utilizes 4,4 Bonds, which is known as hyperstaking. While bonds were recently granted in HEC, they will presently be compensated in sHEC in the 4,4 framework, and that implies that bond payouts will compound as though marked even before they are guaranteed.
Hector Finance (HEC) as a DAO
Hector is a DAO (Decentralized Autonomous Organization). This demonstrates that Hector is administered in a decentralized manner. They do this since they plan to turn it into a community-run project by permitting individuals from the DAO\Community (sHEC holders) to decide on recommendations that will impact the course of the Hector project. The significant expression is incorporation: they are laying out an air that appreciates and uses community-driven initiatives. The proposition can drive advancements, prizes, choices for the presentation of (new) partnerships, team, or promoting techniques, for instance. Choices will be made involving sHEC as a democratic token in a snapshot.
