HectorDAO shares the details of its unique stablecoin
Hector Finance launches cutting-edge stablecoin mechanism to replace centralized assets in the DeFi era., a DAO-governed decentralized finance ecosystem, addresses the most dangerous bottlenecks of the modern crypto finances system, i.e., the centralized economic basis of major stablecoins.Its TOR USD-pegged stablecoin works not unlike Terra’s UST: its issuance process depends on a mechanism powered by smart contracts.
What is special about this architecture is the fact that TOR’s peg to the U.S. Dollar is guaranteed by a Layer 2 mechanism that includes a $100 million Hector DAO treasury and HEC/TOR liquidity module.Hector Finance’s TOR is a collateralized stablecoin: its usage implies fewer risks while its peg to U.S. Dollar is more stable.
Hector Finance’s HEC is one of the world’s first “deflationary-by-default” utility tokens. It means that HEC holders are protected from inflation and can hedge against the volatility of crypto markets.
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