What is Hector DAO?
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.
HOW DOES HECTOR WORK?
Liquidity Pool fees as well as Bond sales increase Hector's treasury revenue. They also lock in liquidity and help to control the HEC supply.
Treasury inflow is increasing the Treasury Balance and backs outstanding HEC tokens and regulates staking APY.
Compounds yields automatically through a treasury backed token with intrinsic value.