CLOSING OF HECTOR INSTITUTE. Dear Hector Institute Users,.
02 Aug 2023, 15:00
CLOSING OF HECTOR INSTITUTE
Dear Hector Institute Users,
As part of the liquidation process of Hector Network, the Hector Institute will be closing its operations.
We kindly request that you promptly settle any outstanding loans and withdraw all your assets from the Hector Institute before September 30th, 2023.
On September 30th, the Hector Institute will be removed from the UI, and after that, closing positions and withdrawing remaining assets from the Hector Institute will have to be done by interacting with the smart contracts. A guide for withdrawing funds through the smart contract can be found at
It is important to note that although Hector Institute will be removed from the UI, in case the value of an unclosed position meets the criteria for a liquidation, a liquidation process can still be triggered in which a liquidator would repay the borrowed amount and seize collateral at a premium.
Please be aware that failure to withdraw related tokens in a timely manner may result in the loss of your assets. Hector Network and Ola Finance will not be held responsible for any asset losses caused by such actions.
If you have any questions or need assistance during the withdrawal process, please reach out to us through questions@hector.network.
Thank you for your cooperation and timely action.
Hector Network Liquidation Committee