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Hector is a decentralized protocol built on the HEC token, with its system collateralized and backed by the Hector DAO. HEC is set to act as the reserve currency on Fantom. To help keep prices stable, Hector employs the Algorithmic Reserve Currency algorithm and is also reinforced by additional decentralized assets.
Like Olympus, HEC is supported by DAI and other holdings from the reserve treasury, and is designed to work in a comparable way: if HEC falls below DAI, the protocol will repurchase and destroy HEC to bring its value up to at least 1 DAI. As a result, HEC is intended to be worth the same as or more than DAI.
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