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Home All Events Hector Finance TOR Stablecoin Public Launch

Date

Feb 11 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Feb 11 2022
  • Time: 12:00 pm

Status

Active

Hector Finance TOR Stablecoin Public Launch

February 11 update – still no time announced for the launch, I’ve set it for 12pm Eastern as a placeholder.

Hector Finance is releasing TOR, their $1 pegged stablecoin, to the public after it’s successful closed beta test.

Launch is February 11, time is TBA.

DETAILS
  • TOR is Hector Finance’s stablecoin, pegged to $1
  • TOR can only be minted by burning HEC, and TOR can be exchanged for newly minted HEC
  • See diagram below for how to protocol’s algorithm works to keep peg
  • Future plans include allowing lending and borrowing of TOR via Hector Bank
  • TOR-DAI-USDC LPs from Curve can be staked in the TOR Farm for yield in FTM

Blockchain

FTM

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