Stablecoins, known for their non-volatility as opposed to all the other inherently volatile cryptocurrencies, are among the hottest digital assets in 2021. They help traders store non-volatile value and maintain a consistent purchasing power as they are pegged to fiat money like the US dollar or Euro. But the value of these fiat currencies is depreciating due to certain fiscal policies which implies that its value today is worth more than its value tomorrow.
Hector Finance[1] is a decentralized asset-backed reserve based on the Fantom Opera Chain backed by an increasing pool of DAI, USDC, and FTM along with other assets to increase the value of its token over time which prevents the value of your asset from depreciating. The platform aims to become a financial center to facilitate a wide array of use cases within the Fantom ecosystem.
In an interview with Hector Finance CEO Prometheus, we talked about the Hector Finance ecosystem, the Hector bank, the utility of the bank, the HEC token, and the platform’s roadmap.
1. What makes the Hector Finance ecosystem stand out from the rest in the space?
I would say our plans. We’re building a financial center on the Fantom Opera Chain – we want it to be as easy, safe, and secure as possible to control your funds on the network. We’re building out a range of products and services to achieve this. Part of the revenues from these products and services will be used to burn our native HEC token, helping us decrease the supply whilst benefiting holders.
2. Tell us more about the problems in the crypto sphere that motivated you to create Hector Finance?
I wouldn’t say problems so much as opportunities. There’s a niche for an all-encompassing system that generates and shares funds with the
