HIP-022 FRAX LP to become TOR LP on launch

The TOR Stablecoin will be launching very soon. As part of the day-to-day running of the TOR coin, we need a large liquidity pool to facilitate trading and to maintain the $1 peg.

Currently our HEC/FRAX LP is not being used for anything, so we propose to split it into HEC and FRAX. The HEC will be burned. Of the remaining $1m worth of FRAX:

• 50% will be used to mint TOR
• 50% will be used to purchase FTM

This will allow us to more efficiently run the supporting mechanisms for TOR.

Vote below.