Hector Finance
Hector Finance is a project which operates on the Fantom Opera Chain. They are developing a number of usecases within the Hector Ecosystem. Over 2022 Hector aims to expand to become multi-chain.
How did Hector Finance launch?
Hector was stealth-launched on Nov 1st 2021 on SpookySwap.
- There was no presale or ICO
- There was no whitelist
- There was no pre-allocation outside the launch marketing funds which have all been used
- Liquidity has been locked
- Marketing funds were locked and vested weekly until Dec 27th 2021
How Hector Finance Works
At a high level, Hector Finance consists of its protocol managed treasury, protocol owned liquidity (POL), bond mechanism, and staking mechanisms that are designed to control supply expansion.
Bond sales generate profit for the protocol. With liquidity bonds, the protocol is able to accumulate its own liquidity.
Under the Hector Ecosystem, we are developing several key subprojects. Several of these subprojects have been released already, which you can find along the left panel. You can read more about those still in development by visiting the "Features in development" section.
Treasury
The Treasury is the multisignature-protected safe in which we keep the majority of the stablecoins and volatile coins owned by the DAO. In December 2021, the risk-free treasury of Hector Finance passed $100,000,000 for the first time. The treasury is used for a few main purposes:
Inflows
- Bonding
- Trading Fees
- Treasury Returns
Outflows
- Allocations
- LP Buybacks