DePocket Partners with Hector Network to bring the convenience world to our users.
DePocket’s mission consists of user convenience in mind and in being a one-stop-shop platform for 21st-century crypto investors. In addition, DePocket strives to bring the DeFi World closer to everyone. The DePocket Team is proud to team up with crypto projects that share our direction and qualities.
DePocket believes Hector Network will become a valuable partner within the DeFi space. Together, we can better support our shared visions and bring the best benefits to each of our users.
Why Hector Network can be DePocket’s best friend?
Hector Network is an expansive decentralized ecosystem run by a utility token, HEC, and complemented by their collateralized stablecoin, TOR. The company is committed to developing the future of web3 by pioneering decentralized offerings ranging from Tokenomics to Defi Gaming. Hector Network believes that cross-chain expansion, lowering the barrier to entry, and providing trusted sources for information are the keys to the mass adoption of cryptocurrency services.
What are Hector Network unique selling points?
- Hector Institute: Hector Institute is a decentralized lending & borrowing platform designed in collaboration with Ola Finance on the Fantom Opera Chain. By lending out stablecoins such as DAI and USDC, rewards compile while the ownership of these tokens remains until withdrawal. The APR for stables may be low, but the lacking presence of token price depreciation provides peace of mind. Users who wish to borrow must provide collateral to protect their accounts from liquidation risks.
- DEX: Hector DEX allows users to interchange between ERC20 tokens in a cross-chain fashion — all with a single click. Simplicity in use and function reduces the complexity currently present with token bridging. Eventually, Hector DEX will allow users to work with any of Hector Networks’s subprojects from any chain as if they were natively on Fantom. Chain-Agnostic functionality will make Hector Network’s products accessible to the broad crypto space which, in turn, provides access to a larger pool of liquidity over time.
- Staking: Hector Network has grown significantly, and there are numerous ways for users to benefit from the protocol’s growth journey. The Emission Plan consists of 13 periods of 8 weeks (2 years) over which HEC tokens will be minted and distributed, with inflation reducing at each period at predetermined and predictable rates. The plan will reduce inflation and lift the artificial price ceiling of the HEC token. Users will still be able to stake normally during the 2-year plan, as well as being able to lock their tokens in farms which will give boosted rewards. The type of lock you choose plays a role in calculating the return of your selected plan.
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DePocket is a one-stop-shop for all your Cryptocurrency, GameFi, and NFT assets. With our user-friendly platform, token investment, swaps, and personal organization of investments can occur all in one place. DePocket also provides highly comprehensive portfolio management tools such as price graphs, charts, and news updates. We are committed to bringing DeFi closer to the masses by making our platform more user-friendly and intuitive.
What does this integration and partnership mean to users of both platforms?
DePocket’s integration of Hector Network applies to the Fantom and BSC chains. Users from both sides can now keep track of their farming and staking progress from Hector Network across multiple blockchains and multiple wallets. These same users have full access to all features on DePocket (token staking, swapping, etc.) with the cheapest service fees on the block.
Our partnership is a win-win scenario. With support from our communities and ecosystems, we can expand our marketing reach to new and like-minded users. Expanding Cryptocurrencies, DeFi’s, and Blockchain’s overall growth benefits both of our projects in the long term. We look forward to many exciting things yet to come from our collaboration together.
Try our demo wallet here: https://app.depocket.com/addresses/0xa1f710d51c9e08bbd322e7b3fe42f26c4e94c94e
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