INTRODUCTION
A DeFi mechanism designed for creation of multiple-chain layers with the aim of linking different non –Ethereum chains is termed as KNIT finance. This finance is a model protocol that unites synthetic toward multiple chains where token holders willbe able to borrow, transfer, & deposit funds during transaction
THE KNIT FINANCE PLATFORM
Knit system is a platform that supports the creation of multiple link- chains encased for crptocurrency assets in a stable manner. Primary objective of this platform is the development of interoperability relationship amidst various blockchain networks which will make DeFi accessible for community members and token holders who has interest in cryptocurrency technology and economy.
FEATURES OF KNIT FINANCE
Knit finance has three principal characteristics in which token holders can benefits on the system platform. These are:
➢ PROVISION OF CROSS MUTIPLE CHAIN
There is higher reward and return for knit token holders on DeFiprotocol system with the integration of multi-chain through APY operational process.
➢ MAXIMUM SAFETY
Maximum stability and security of assets collateral is attained on the system platform through security code which ensures safety of user’s tokens in the system wallet.
➢ INCLUSIVE ACCESSIBILITY
The system provides seamless access in authorizing ofencased for the complete portfolio platform for the users.
RECENT ACHIVEMENTS OF KNIT FINANCE
Knit system has strategized with sparkpointio protocol system, for the implementation of digital ledger based item and products like sparklearn and sparkpoint wallet for their esteemed users. The synergy will implement SRK tokens into the multiple-chain system, plus utilization of cross-link interoperability enhanced via Knit protocol which permit the traditional SRK tokens that can be exchange and transacted via different autonomous digital ledger across the ecosystem where token holders can perform different transactional operation like deposit, staking of tokens stake, and earn K-SRK tokens as a rewards as APY.
Knit finance has proclaimed their collaboration with Al_Autonio, a centralized autonous system organization platform which will provide accessible, affordable, easy use of technological tools and services for the K-NIOX token holders in the DeFi ecosystem for cross-chain transaction of liquidity of financial assets.
Razor platform has synergized with Knit system for the implementation of Razor’s tokens into multiple -chain system for easy transaction of tokens across the blockchains in anencased manner. This synergy will permit Defi network to access real global data through secure digital feed.
Knit Finance teams have pronounced their partnership withharmony protocol system with the aim of providing integration service of multi-channel solution to provide easily accessibility of tokens on multiple chains for their token holders in the ecosystem. What day for token holders of both Finances!
Token holders were thrilled, when Knit finance teams joined forces with Nebilo platform system, this synergy will enhancedynamic evolution of NEBL tokens onto Knit protocol of multi-chain system, it will enhance the development of K-NEBL for community member’s benefits. The development of wrapped K-NEBL can be transact and traded seamlessly across independent blockchain.
CONCLUSION
Knit has synergized with different finance system for the provision of authorizing seamless transaction of naïve tokens which can be transact, deposit, transferred, and exchange within multiple chain for user’s benefits. This finance also offer unique stacking service, and blockchain based products for easily use for the community members.
For more relevant information, kindly visit https://knit.finance
Article Written By: Adasofunjo Michael Oluseye