KuCoin Ventures and KCC will jointly incubate and empower Torches Finance to build the infrastructure foundation for KCC.KCC is a high-performance decentralized public chain built by the fans of KCS and KuCoin.
KuCoin Ventures is a leading investment arm of KuCoin, the world's leading crypto trading platform, aiming to discover and incubate high-quality projects in various fields such as DeFi, Web 3.0, and infrastructure. Torches Finance is the underlying lending protocol on KCC, which means users can supply or borrow assets on Torches. It helps users obtain passive income while maximizing asset utilization.
It is reported that Torches will leverage the seed funding in product development, technology innovation, security, marketing, and other aspects to increase protocol adoption and market share. For example, in terms of products, Torches will further improve accessibility, optimize the user’s experience, upgrade product functions such as leveraged mining and NFTs, and continuously expand the richness of Torches services.
seems counterintuitive? lol
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