Introducing TOR: The Stablecoin of Hector Finance + Information for Beta Testers

Why is Hector issuing a Stablecoin?

What is TOR?

How does TOR work?

  1. Smart-contract algorithms and the HEC/stable LP
  2. Hector Finance Treasury

Layer 1: Smart-contract algorithms and HEC/stable LP

  • Expansion: The percentage of TOR in the curve pool decreases, so it means that the demand for TOR is high. The price of TOR against USDC/DAI also increases slightly, so minting TOR can be slightly profitable. Users will take advantage of this profit margin by minting TOR and rebalancing the percentage of TOR in the curve pool.
  • Contraction: The percentage of TOR in the curve pool increases meaning that the demand for TOR is low. The price of TOR against USDC/DAI also decreases slightly, so redeeming TOR can be slightly profitable. Users will take this profit by redeeming TOR and rebalancing the percentage of TOR in the curve pool.

HEC/stable LP

Layer 2: Hector Finance Treasury.

Information for Beta Testers

  • Only whitelisted users can mint a limited amount of TOR with DAI or USDC. In the Farming section at http://app.hectordao.com you have to approve the use of USDC or DAI (or both), after which you can mint TOR with them
  • At the moment the maximum minting amount per account is $50,000.
  • Users can also get TOR by exchanging DAI or USCDC via the curve pool: https://ftm.curve.fi/factory/62/.
  • The mint price is fixed. The spot price of TOR could be slightly higher or lower than the mint price ofTOR.
  • After the minting you’ll need to create an LP on Curve Finance, containing TOR + USDC and/or DAI. So if your maximum budget it’s $200 for this process, the best thing to do is: use 100$ to mint TOR, and put 100 TOR in the Curve Pool with 50 DAI and 50 USDC. (100 TOR + 100 DAI is ok as well, or 100 TOR + 100 USDC).
  • To get the maximum LP from curve pool, please use the calculator on our Farming section at http://app.hectordao.com.to see the optimal percentage of each stable coin as welll as the spot price of TOR/DAI/USDC, which should be considered by every user.
  • Do not buy TOR at a price higher than $1.01. When the price is above $1, whitelisted users will mint more TOR to make the price return to $1 as there will be a very slight arbitrage profit.

$TOR

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www.Hector.Finance

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