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Torches Strategic Investment by KuCoin Ventures

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KuCoin Ventures, the leading investment arm of KuCoin Exchange, announced its investment in Torches, a decentralized lending protocol on KCC.

About Torches

Torches is a decentralized non-custodial liquidity protocol based on KCC, where users, wallets and dapps can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralised manner.

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About Kucoin Ventures

KuCoin Ventures supports crypto and Web 3.0 builders both financially and strategically with deep insights and global resources.

KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.

Website | Twitter

 

SOURCE: MEDIUM

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