Hector is a decentralized protocol based on the HEC token – collateralized and backed by the Hector DAO. HEC will be the reserve currency on Fantom. In order to maintain price stability, Hector will use the Algorithmic Reserve Currency algorithm and will also be supported by other decentralized assets. Similarly to Olympus, HEC is backed by DAI and other assets owned by the reserve treasury, and will function in a very similar way: when HEC trades below DAI, the protocol will buyback and burn HEC, increasing its price to at least 1 DAI. This means that HEC will always be worth equal to, or more than DAI.

Hector Network

Hector is a decentralized storage protocol based on the HEC token – collateralized and backed by the Hector DAO.

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