Singapore, August 4, 2022 – sKCS.io, the first liquid staking protocol, sKCS.io, has officially launched on KCC. On the first day of launch, it revealed a strategic investment from KuCoin Ventures, the venture capital arm of KuCoin, the world’s leading digital currency trading platform.
SKCS.io is an underlying asset protocol on KCC, which bases on the staking function of KCC and takes KCS as the asset beacon.
sKCS can be used in various DeFi products to obtain additional benefits. In other words, sKCS will allow users to free their liquidity while obtaining staking rewards. Security wise, the official contract of sKCS.io has been audited by BlockSec.
sKCS. is expected to become the next underlying DeFi protocol of KCC and promote the flow of asset value by linking the entire on-chain ecosystem. sKCS.io has been in contact with other projects in the KCC ecosystem. In the future, sKCS may be adopted by various DeFi products, such as DEX and lending. This will enable more KCS holders to participate in the construction of KCS and KCC ecosystem and further enhance the use and existence value of KCS.
Duke, the CEO of sKCS, said: “KCS has a very prominent market performance in 2021. It is hard not to notice that after coming up with the idea and product design of sKCS.io, we got in touch with KuCoin Ventures. We have reached a consensus on many key issues. Accepting investment from KuCoin Ventures and KCS Management Foundation also allows us to reach a future long-term cooperation with DeFi protocol on KCC faster.
As the native token of KuCoin and the core fuel of KCC, KCS itself is extremely valuable. With the launch of sKCS, the liquidity rate of KCS on-chain assets may further increase. Improving the composability of the overall DeFi on KCC promotes the flow of assets in various protocols. At the same time, after the launch of sKCS.io, sKCS will also conduct joint activities with other protocols on KCC to bring more and more benefits to users on KCC, so stay tuned.
SKCS.io is a liquidity staking protocol for KCS on KCC. Users can stake KCS into sKCS.io and receive sKCS. sKCS can be used to participate in other DeFi products to obtain higher returns or unstake back to KCS at any time.
Visit sKCS.io: https://skcs.io/home