Torches will list sKCS token at 10:00 on August 11, 2022(UTC). Users can then deposit their sKCS or lend sKCS by using other crypto assets as collateral. After sKCS goes live on Torches, Torches will support crypto asset deposit and lending services of BTC, ETH, KCS, USDT, USDC, and sKCS.
At the same time, Torches will provide $TOP Mining Rewards for users who deposit their sKCS on Torches. Users can check the Mining APR of deposit sKCS when sKCS is listed on Torches crypto market.
In order to further promote the development of the KCC ecosystem, Torches will reach strategic cooperation with sKCS.io. The two parties will further cooperate to expand KCS application scenarios, incubate projects on the KCC, and develop an integrated DeFi ecosystem.
sKCS.io is dedicated to providing users with a simple and easy-to-use DeFi product with stable returns on investment, allowing users to stake KCS and receive sKCS. sKCS can be used to participate in other DeFi products to obtain higher returns or unstake to KCS at any time.
Recently, sKCS.io was invested by KuCoin Ventures and KCS Management Foundation. And sKCS has listed on MojitoSwap, and opened sKCS/KCS and sKCS/USDT liquidity mining at 18:00 on August 5th.
Torches Finance Team
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This is a community post written by the Torches Finance Team and published on https://news.kcc.io