KNIT FINANCE
The KNIT FINANCE project can change everything
KnitFinance is a unique decentralization protocol that combines synthetics across various chains, bridges, and real world markets with yields, loans, trades, and margin services through smart contracts. It also provides cross -chain liquidity aggregation in 100% fully transparent verifiable. Community -led initiatives.
KNIT.Finance is the next generation of the DeFi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any lockable digital asset can be leveraged with KNIT.Finance by generating equivalent synthetic tokens in a 1: 1 ratio, thus unlocking billions of dollars and trade access that could be censorship evidence.
Anything that is decentralized should be available to anyone and everyone. But DeFi currently relies heavily on ERC-20 tokens. The ERC-20 standard has proven to be a prime choice for decentralization of loans, loans, and agricultural yields, etc. However, this ignores the participation of other assets of the independent blockchain. These assets and their hawkers have a major barrier to entry into DeFi. KNIT.finance solves this problem in one move.
KNIT.Finance opens up the entire crypto ecosystem to DeFi using synthetics and cross -chain bridges. The existing DeFi protocol determines which tokens and projects can participate. KNIT Finance’s decentralized protocol utilizes smart contracts to combine the DeFi group with billions of assets from the non-ERC-20 chain. By setting the standard for non-ERC-20 coins to be converted into synthetic ERC-20 tokens, KNIT Finance opens up a whole world of new possibilities.
Any coin or token in any blockchain can be converted into a synthetic token equivalent to the ERC-20 format. The original token and the synthesized token will represent each other in a 1: 1 ratio. Conversely, with KNIT, ERC-20 tokens can also be synthesized in other blockchains with a 1: 1 ratio. In addition to cryptocurrency, real world assets such as fiat, gold, and stocks can be synthesized using KNIT Finance.
The Protocol You Deserve To Get
Are you a non-ERC-20 token holder? How many times have you felt the need to change your ownership into an ERC-20 token to participate in DeFi? Being crypto enthusiasts and traders themselves, that is one of the main obstacles we face. We believe in embracing many crypto from many chains and not just one. We also believe in DeFi. But the two ideals never seem to be meant for each other. So, we came up with a unique decentralization protocol that helps us and the crypto community to enter DeFi without having to leave our ownership-a multi-chain bridge to DeFi.
features
1. Each Coin
For each coin hawker, we provide the option to trade and utilize their coins in the DeFi room. Coins (Example: LTC) that were previously outside DeFi's coverage will now have full access to all DeFi features.
2. Flexibility of ERC-20 standard
The ERC-20 standard is known to be flexible, having the highest transferability and accessibility with the second largest blockchain network in the world. Every coin now has the opportunity to take advantage of the flexibility of Ethereum.
3. Global Liquidity Pool
The global liquidity pool is open for Ethereum and vice versa.
4. Read-World Assets
Stocks, Gold, and Fiat can be synthesized for trading on Decentralized Exchanges, which essentially decentralize centralized assets, giving more power to traders.
5. Driven by the Community
100% of the management of these tokens will be done through the community.
6. DAPP
DAPPs can now access tokens in other blockchains simply by using their Ethereum nodes via KNIT synthetic tokens. They can also accept payments in these tokens.
Why Choose KNIT Finance?
Lend, Trade, and Yield Farm with Any Assets
Knit.Finance creates incredible opportunities for altcoin and Ethereum DeFi. The protocol incorporates new assets into the highly liquid Ethereum network and allows them to be connected to existing revenue generation opportunities.
Cross -Chain Bridges for Maximum Interoperability
Knit.Finance has created a proprietary bridge to transfer altcoins to the Ethereum network. This wrapped token is a unique form of synthetic asset backed 1: 1 by the altcoin represented.
Take advantage of the Physical World with Digital Assets
Knit.Finance provides synthetic assets for exposure to physical world assets, providing new opportunities for portfolio diversification within Ethereum DeFi. Knit supports commodities, equities, and fiat.
Token economics and token usage
Attack
Knit.Finance stands at the forefront of interoperability by allowing altcoins to be transferred to Ethereum DeFi in a single UI.
Pay the fee
Knit.Finance makes equities, commodities, and fiat accessible in Ethereum DeFi, allowing greater asset exposure to the crypto community.
Protocol management
Knit.Finance makes equities, commodities, and fiat accessible in Ethereum DeFi, allowing greater asset exposure to the crypto community.
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