KUU partners with Vee Finance on Avalanche

KUU will provide backstop liquidity for Vee Finance through on-chain liquidations

DeFi on Avalanche has seen tremendous growth recently with an increased amount of protocols joining the ecosystem. Attracted by its speed, scalability and sub-second finality a new lending protocol commits to bridge the gap between traditional finance and DeFi on Avalanche. Vee Finance, a DeFi cross-chain lending platform for traditional financial users and crypto users alike.

KUU is fascinated to announce a partnership with Vee Finance to provide backstop liquidity for their platform. Facilitating an ever expanding liquidation protocol, KUU will assist Vee solvency by liquidating under-collateralized loan positions with use of its communal pool.

As Vee expands Avalanche’s financial services pioneering new DeFi primitives such as lending and leverage products, it is important to secure platform solvency especially during times of high market volatility. Thus, KUU’s partnership allows us to focus on building a new full range of innovations​​”, said Vee.Finance co-founder Tejas Shinge.

“We are more than happy to support Vee Finance as they start their journey on Avalanche. KUU will provide ready access liquidity through Opulentia (on-chain keeper bot) to keep Vee safe, efficient and solvent via liquidations”, said KUU co-founder Jan Helleman.