Torches

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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.

Features

Supply to earn interest

  • Choose any currency in the "Market" to supply and earn interest, or withdraw them at any time

Collateral

  • Turn on the "Collateral" switch to borrow more crypto against your supplied assets

Borrow

  • Choose any currency in the "Marekt" to borrow instantly without KYC required

tToken

tToken is the certificate of deposit. In return for the supplied assets, liquidity providers will receive corresponding tToken, which entitles them to redeem the supplied assets.

By minting tTokens:

  • (1) Earn interest through the tToken's exchange rate, which increases in value relative to the underlying asset.
  • (2) Gain the ability to use tTokens on other protocols that accept tTokens.

Tor Token

  • TOR is the governance token of Torches. Users can get TOR by providing liquidity, borrowing assets in Torches, etc.
  • TOR holders will have the governance right of Torches. More usage will be published in the future.
  • The total number of TOR is 100,000,000

What is the max supply of Torches token? What is the mining rewards of each deposit pool?

  • The maximum supply is 100 million. Torches token is a governance token. Its value is based on the governance rights of the protocol. 50% of the token liquidity reward for community, which is dynamically adjusted based on interest rates and capital availability.

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