This Deflationary Utility Token Has a High APY

Hector Finance, previously named Hector DAO, is a deflationary rebase token on the Fantom Opera Chain. Hector Finance aims to become a major financial center in the Fantom space, grow the Fantom Opera Chain by producing high-quality products and providing value, and provide long-term value to its users.

Hector Finance has a lot of features in its ecosystem. Some of these include:

• Hector Bank: This is their decentralized lending and borrowing platform buy on Fantom. Using Hector Bank, users can lend out and borrow crypto assets. Lenders have an option to accrue APY by lending out stable coins, while borrowers can use HEC as collateral to borrow stablecoins without having to unstake or unwrap their tokens.

• Hector DEX: This is a cross-chain decentralized exchange aggregator in the Hector ecosystem. Users are able to swap their tokens to and from $HEC while getting competitive rates across the network.
• Hector Launch: This is an incubator and launchpad for projects on Fantom.
• Hector University: This serves as an educational resource for users to learn more about Hector and interact with its features in a controlled test environment. Users can earn NFTs by completing this course.
• Hector NFT (coming soon): The project recently announced their addition of Hector NFT, which will include a decentralized finance P2P game that will use NFTs. Users will be able to mint and stake their NFTs through the ecosystem.

Hector Finance was also a recipient of the Fantom Foundation Incentives Grant which will help fund the project over the next year.

Hector Finance also just launched their stablecoin, $TOR. Stablecoins are tokens that mirror the US dollar and do not fluctuate in price. Essentially 1 TOR would equal $1 USD. The TOR circulating supply is about $4.5M. Users have options to either mint TOR with USDC, or redeem their TOR for USDC.

How to Buy Hector ($HEC)

Hector ($HEC) is available for purchase on many platforms, including SpookySwap, SpiritSwap, Yoshi, Bitrue, and Hotbit. Vosk has a step-by-step walkthrough on how to buy $HEC with $FTM on SpookySwap here.

Staking Hector ($HEC)

Users also have the option to stake and bond their tokens in the Hector ecosystem. Staking your tokens allows you to earn a passive HEC income. When you stake, you receive sHEC (staked HEC) in return at a 1:1 ratio. Your sHEC balance then increases every time there is a rebase (about every 8 hours). You can read more about staking options with HEC on their GitBook page here.

The team behind Hector Finance is anonymous, so make sure you understand the risks associated with that before investing.

Check out VoskCoin’s latest review of Hector Finance here:

Thank you to Hector Finance for sponsoring this article. This is NOT financial advice. Please do your own research before investing. Subscribe to the VoskCoin YouTube Channel to stay up to date on the latest cryptocurrency and mining news and reviews.