If you are a loyal user of KuCoin, don't miss out KuCoin's Spotlight. With low-threshold participation and high returns, KuCoin's Spotlight is one of the favourite activities of many crypto investors. However, with the increase in the number of participants in KuCoin Spotlight, many users with small amounts of KCS holdings get less and less token distribution.

(The picture above shows the top 15 return on investment projects on KuCoin Spotlight)

With Torches Finance, you can get a KuCoin Spotlight hard cap (The max number of tokens you will receive) without buying KCS. See below for more details:

1. KCS holding is the key to participating in KuCoin Spotlight

Taking the latest KuCoin Spotlight (2022-09-09) as an example, we can see that the main requirements of KuCoin Spotlight are as follows:

• KYC2
• KCS holding>=100KCS ( Except for whitelist）

Among them, the user's KCS holdings determine the number of tokens that will get in this Spotlight, the formula is as follows: (User's KCS holding / Total KCS holding of all participants) * Total Spotlight Allocation. KuCoin will take 2 random snapshots of participating users' KCS holdings during the event period.

That is to say, users participating in KuCoin Spotlight only need to deposit as much KCS as possible in their KuCoin account within the event period, and it is possible to reach the personal hard cap of this Spotlight.

2. Depositing USDT to lend KCS on Torches can receive a personal hard cap and earn additional income on Spotlight 

Torches is a lending protocol based on KCC, which has received security audits from  PeckShield after launching. It has a strategic investment by KuCoin Ventures and also is deeply incubated by KCC. Now, Torches supports mainstream crypto assets such as BTC, ETH, KCS, USDT, USDC, etc.

If you have BTC, ETH and other assets that you want to hold for the long term while maximizing your profits by participating in KuCoin Spotlight; Or if you have enough USDT to participate in Spotlight but don't want to take the risk of KCS price fluctuations in the short term, depositing your assets on Torches to lend KCS would be a great option.

As an example, if the User deposits 10,000 USDT on Torches and turns on the USDT collateral button, then the User can lend up to 8,000 USDT worth of KCS (the collateral factor of USDT is 80%). For 1 KCS equal to 10 USDT, the user can lend up to 800 KCS. This user can transfer 800 KCS into KuCoin and repay the asset on Torches early after the snapshot ends.

In general, users need to pay interest for lending KCS. However, Torches recently opened TOP Mining and users can get an additional TOP bonus for lending KCS at this time. Taking real-time APY Torches as an example, if the user deposits USDT to lend KCS will bring an additional (8.68% + 38.8%) revenue of deposit and mining, excluding the 7.33% interest of borrowing, which is much higher than the f borrow interest rate.

Torches allows users to maximize their asset utilization and earn additional income, so why not?  Come and lend KCS to achieve your hard cap on KuCoin Spotlight!

Torches official website:http://www.torches.finance

Lending tutorial:https://docs.torches.finance/docs/guides/depositing

It is only for sharing opinions and does not constitute investment advice. Please avoid the risk of liquidation when using the Lending service.