About KNIT Finance
KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges, in addition to real-world markets alongside yield, lend, merchandise in addition to margin services through smart contracts. This too gives cross-chain liquidity aggregation inwards a Completely transparent 100% verifiable. Community-led initiative.
KNIT. Finance is the adjacent generation of Defi protocol that aims to span multiple non-Ethereum chains alongside ERC20 inwards Phase 1. Any digital, lockable property tin live leveraged alongside KNIT. Finance past generating equivalent synthetic tokens inwards a 1:1 ratio, therefore unlocking billions of dollars in addition to merchandise access which tin live censor proof.
Anything decentralized should live available to anyone in addition to everyone. But DeFi today is predominantly subject on ERC-20 tokens. ERC-20 measure has proven to live the go-to for decentralized lending, borrowing, in addition to yield farming, etc. However, this leaves out the participation of other assets of independent blockchains. These assets in addition to their hodlers accept a huge barrier to entry into DeFi. KNIT.finance solves this job inwards i roughshod swoop.
KNIT.Finance unlocks the entire crypto ecosystem to DeFi using cross-chain synthetics in addition to bridges. Existing DeFi protocols decide which tokens in addition to projects acquire to participate. KNIT Finance’s decentralized protocol leverages smart contracts to combine DeFi pools alongside billions of assets from non-ERC-20 chains. By creating a measure for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens upwards an entire globe of novel possibilities.
Any money or token on whatever blockchain could live converted to an equivalent synthetic token of the ERC-20 format. The master token in addition to the synthesized token volition correspond each other inwards a 1:1 ratio. On the contrary, alongside KNIT, ERC-20 tokens could too live synthesized on other blockchains inwards a 1:1 ratio. In improver to cryptocurrencies, real-world assets such equally fiat, gold, in addition to stocks tin live synthesized using KNIT Finance.
Any money or token on whatever blockchain could live converted to an equivalent synthetic token of the ERC-20 format. The master copy token in addition to the synthesized token volition stand for each other inward a 1:1 ratio. On the contrary, alongside KNIT, ERC-20 tokens could too live synthesized on other blockchains inward a 1:1 ratio. In add-on to cryptocurrencies, real-world assets such equally fiat, gold, in addition to stocks tin fire live synthesized using KNIT Finance.
Why Choose KNIT.Finance? Lend, Trade, in addition to Yield Farm alongside Any Asset
Knit.Finance creates incredible opportunities for both altcoins in addition to Ethereum DeFi. The protocol onboards novel assets to the highly liquid Ethereum network in addition to allows them to live plugged into existing yield generating opportunities.
Ethereum DeFi grows in addition to altcoins generate novel utilities.
Cross-Chain Bridges for Maximum Interoperability
Knit.Finance has created proprietary bridges to port altcoins on to the Ethereum network. These wrapped tokens are unique grade of synthetic property that is backed 1:1 past the represented altcoinTap into the Physical World alongside Digital Assets
Knit.Finance provides synthetic assets for exposure to physical Earth assets, providing a novel chance for portfolio diversification inside Ethereum DeFi. Knit supports commodities, equities, in addition to fiat.
Features KNIT Finance
Every Coin
For every money hodler, nosotros render an selection to merchandise together with leverage their coins inwards the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s orbit volition straight off take consummate access to all of DeFi’s features.Flexibility of ERC-20 standard
ERC-20 criterion is known to live flexible, possessing the highest transferability together with accessibility alongside the world’s second-largest blockchain network. Every money straight off has the chance to leverage Ethereum’s flexibility.Global Liquidity Pool
A global liquidity puddle is beingness opened to Ethereum together with vice versa.Read-World Assets
Stocks, Gold, together with Fiat tin live synthesized to merchandise on Decentralized Exchanges, essentially decentralizing centralized assets, giving to a greater extent than mightiness to the trader.Community-Driven
100% governance of these tokens volition live through the community.DAPPs
DAPPs tin straight off access tokens on other blockchains using solely their Ethereum nodes via KNIT’s synthetic tokens. They tin likewise have payments inwards these tokens.
For More Information About Knit Finance
Website: https://knit.finance/
Medium: https://knitfinance.medium.com/
Facebook: https://www.facebook.com/KnitFinance-106586011273309
Telegram: https://t.me/knitfinance
Linkedin: https://www.linkedin.com/company/knitfinance
Twitter: https://twitter.com/KnitFinance
Thread Bounty: https://bitcointalk.org/index.php?topic=5324900.0
By
Bitcointalk : Netto
Telegram : @Netto_25
Link BTT : https://bitcointalk.org/index.php?action=profile;u=808134
ETH Address : 0xF842B8dD1cA7F004B2E83755B12E1da6dFa5E646