Hector Bank is our decentralised lending and borrowing platform built on the Fantom Opera Chain. Users are able to lend out and borrow a variety of crypto assets. Lenders can achieve an APY by lending out stable coins and other tokens. Borrowers can use wsHEC as collateral to borrow stablecoins to use them in different projects without having to unstake or unwrap their tokens.
The protocol charges a small amount of interest on borrowed positions. A portion of this profit is then used in line with our plans to become deflationary over time.