1 thing happens to all of us when we start using decentralized applications (dApps) of any chain. After a while that is. We end up looking for websites where we can see the TVL, the amount of 24-hour volumeย ofย trading, and the total/market supply of the cryptoย tokens we are going to use, between other important numbers.
Well, these indicators are the barometer of how a whole dApp ecologicalย system is doing and often end up encouraging us to interact with it. Nonetheless, they are websites that must be managed separately as they are different corporations. Thisย implies that sometimes the data is not accurate and is more challenging to manage. Well, Hector Network decided to develop an integrated dashboard internally from their own team. In thisย post, weโll have a look at it.
What is Hector Networkโs Dashboard?
This Dashboard is a platform that provides an easy-to-read summary of a number of critical metrics that represent the state of the Hector Network at any moment. The Overview and Treasury sections are the dashboardโs two main sections. Itโs in beta now, so find any bug using it, you can report it.
We are thrilled to reveal that our BETA #dApp is LIVE!
Send us #feedback so that we can make it moreย great for you! pic.twitter.com/xajdl32gTz
โ Hector Network (@Hector_Network) May 12, 2023
To use it, you have to log in with a compatible wallet (Metamask, Coinbaseย Cryptoย exchange, Crypto.com, OKX, or Wallet Connect). Any QR code-enabled Wallet Connect wallet is compatible.
In the overview section, users will find these metrics:
- Total Valued Locked (TVL): The TVL locked in the Hector Network and the weekly change
- Total Trade Volume: On a weekly,ย monthly, and annual basis
- Marketย Capitalization to TVL Ratio: This indicator ranges from 0 to 1 most of the time. Andย once of writing thisย post, it is 0.71.
- Supply Distribution: Depending on the cryptoย token you are holding, what % you have in pools, liquidity, staked, or another important status.
- Protocol Metrics: This section shows the marketย capitalization, number of burned cryptoย tokens, and POL (Total value of the liquidity that Hector Network owns in the form of LP tokens).
Hectorโs dApp V2 Features
Andย once you log in with your wallet, at theย lowest right of your screen youย willย find a section of options (wheel symbol). Once there, youย willย see these features:
- Swap: This section enables users to swap cryptoย tokens with a limit order on the top 7 networks. New networks will come as they gain popularity. A dedicated Limit Order section allows you to easily configure, place and monitor your limit orders. Similarly, you can mint Hectorโs cryptoย stablecoin, TOR, by giving DAI to the treasury and redeeming your TOR to get DAI.
- Bridge: Users can bridge cryptoย tokens from chains like Ethereumย (ETH), Polygon, BSC, Fantom, OKX Chain, Avalancheย (AVAX), Arbitrum, Moonriver, and Moonbeam, and 7 other chains. Doย not forget to establish your wallet in the same chains to see cryptoย tokens in your wallet.
And now the Hector Network Bridge is integrating Squid routes for quicker, cheaper bridging across networks. The notice just came out today on Twitter.
- Earn: This section has these features:
- Emission plan: This strategy generates longstanding supply expansion for the HEC cryptoย token. Andย once of writing thisย post, it has 3 farms and the highest Boost APR is 121.6%.
- Lock Farm Voting: You can earn a portion of your poolโs transaction charges and emission awards for governance voting in Hector Network.
- Fantom Farms: Atย thisย time there are 3 pools, and the highest APR is 14.3%.
Lockless Staking: This section lets you stake your HEC cryptoย tokens and get a 4 percent APY.
- Bonding Farm: You can buy HEC, or other reward Fantom cryptoย tokens, at a reduced price. The longer you choose to time-lock your new HEC or other cryptoย tokens, the greater the savings.
- Multipay: A multi-payment service that allows payments for projects. For example: paying recurring charges (salaries or services) or an easy way to construct numerous payments even for occasional or one-time payments. This system can likewise work for custodial or non-custodial payments. Thereย is a trial per wallet (Maximum of two free addresses per month). Burning HEC as a utility enables the tiered version.
- TaxReport: A utility tool that makes it simple to generate a tax report, via a standard CSV file, for a given time period. The free trial only extracts the past 3 months of the report;
- Notifications:ย This section enables users to have the latest news from all their assets inside the platform like events, voting, farms, and staking, between others.
These upgrades help give platform users exactly what theyย must. Access to more, better information whenever they want it. If you want to know more about Hector Network, you can access its whitepaper or Certikโs audit documents.
If you want to try the dApp v2 and these great new features, itโs right there at the Hector Network beta test.
