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HectorDAO Has Opened a Vote on “Whether To Liquidate $16 Million in Vault Assets”

According to the Snapshot page, HectorDAO has opened a vote on "whether to liquidate 1,041,483 HEC and $16 million in treasury assets", and the voting will end at 12:00 on July 18. Option 1 is to agree to liquidate Hector Network and redistribute all assets present in the vault as of the date of liquidation to HEC token holders in proportion to the amount of HEC held by each holder. Option two is to agree to migrate all assets and HEC tokens in the Hector Network vault to other alternative chains, while HEC token holders retain their token holder rights.

Up to now, there are 358,000 votes for liquidation, accounting for 83.31% of the total votes, and 72,000 votes for migration, accounting for 16.69% of the total votes. HectorDAO is a fork project of OlympusDAO on the Fantom chain. In its proposal, it stated that due to the impact of the cross-chain bridge project Multichain event on the Fantom ecosystem, its operational capabilities have suffered significant damage.

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