Torches price

TOR

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. Torches utilises common pool-based mechanics where all funds deposited participate in interest-bearing activities equally. Based on KCC, it utilises extremely low fees(~only few cents per transaction) making it highly attractive for both high and low volume deposits and loans. In order to use the service, you simply supply your preferred assets . After supplying, you will earn passive income based on the market borrowing demand. Depositing assets allows you to borrow other assets by using your deposited assets as a collateral. Additionally, some tokens(for example, KCS and USDC) are safely staked within the ecosystem to earn additional income for the depositors.