Why is Hector Finance dropping, even though they are not even related to Wonderland (directly)?

in fantom •  3 years ago 

I am asking myself this question today... and honestly, I have been asking it for a couple of days. We all know that life is messed up around Wonderland due to the leadership of Daniele Sesta and his decision to let Sifu keep on working, even though he has done criminal acts in the past (for which he hasn't even received a punishment). This caused Wonderland to crash even further in price, but what is so strange to me is that HectorDAO, soon to be known as Hector Financial, is crashing together with Wonderland. While Hector is crashing, OlympusDAO has been rock solid around $60 in value. Of course, OlympusDAO has crashed already, but they have been very solid in the midst of the Wonderland crisis.

But, that cannot be said about HectorDAO. One HEC is currently trading at $15 and I cannot say how many times I have been tempted to buy more HEC recently. I was tempted at $80, I was tempted at $40, I was tempted at $30, and even more so at $25. But, I never bought... and now the price is at $15. When will the crash end, and when will Hector Finance be rewarded for its leadership and all the great opportunities coming with the platform?

Some of the Hector Finance changes

They have decided to rename the protocol, not because they are abandoning the DAO thing, but because it is about so much more than being an OlympusDAO clone. Instead, they have opened their very own HectorBank, and they are going to do so much more, turning it more into a financial institution than it was in the start.

https://twitter.com/AndreCronjeTech/status/1486965011201339392

Prometheus is really leading the project with his heart, and he has said several times that he is in it completely and that he will not abandon the shop. He has my trust. But, the investors still seem to abandon the ship all the time. When will it stop?

We have no clue what will happen with Wonderland from here, but it is sure that Sifu is history in the project. Can DAniele Sesta make the project rise from the ashes? It seems that even Andre Cronje who recently planned on launching a project with Daniele Sesta has kind of left those plans behind after seeing what just took place .

To be honest, since they planned on launching their new protocol on Fantom, it could have been a kind of Hector killer. But, now that these plans are laid on ice for a little bit, I don't see why Hector Finance shouldn't be able to stand up once again and see a price boost?

What do you think?

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