KNIT FINANCE



 About KNIT Finance

KnitFinance is a unique decentralized protocol that combines synthetic materials across multiple chains, bridges and real markets with profitability, lending, trading and margin services via smart contracts. This also makes it possible to combine liquidity across the chain with 100% fully transparent verification. Community-led initiatives.

REDUCING. Finance is the next generation of the Defi protocol, which aims to link multiple non-Ethereum chains to ERC20 in Phase 1. Any lockable digital assets can be deployed using KNIT. Funding by creating a synthetic token equivalent in a 1: 1 ratio, which opens up billions of dollars of access and access to censorship-protected trades.

Any decentralization must be available to everyone and everyone. But today, DeFi is largely dependent on ERC-20 tokens. The ERC-20 standard has proven to be ideal for decentralized lending, borrowing, growing crops, etc. However, it does not take into account the participation of other independent blockchain assets. These assets and their custodians have a huge barrier to entry to DeFi. KNIT.finance solves this problem in a jiffy.

What is KnitFinance?

KnitFinance connects multiple non-Ethereum chains with wrapped tokens. Every asset can be used on Ethereum DeFi and embedded in liquid loans and trades.

KNIT.Finance opens up the entire crypto ecosystem for DeFi using cross-chain and bridging synthetics. The existing DeFi protocol determines which tokens and projects will participate. KNIT Finance's decentralized protocol uses smart contracts to combine DeFi pools with billions of non-ERC-20 asset chains. By setting the standard for non-ERC-20 coins to be converted into synthetic ERC-20 tokens, KNIT Finance opens up a whole new world of possibilities.

Any coin or token on each blockchain can be converted into a synthetic ERC-20 token equivalent. The original token and the synthesized token will represent the other in a 1: 1 ratio.In contrast, by using KNIT, ERC-20 tokens can also be synthesized on other blockchains with a ratio of 1: 1.In addition to cryptocurrency, real assets can be synthesized using KNIT Finance, such as fiat, gold, and stocks.

Knitted Financial Features

1. Each Coin

For every coin hawker, we provide the option to trade and take advantage of their coins in the DeFi room. Coins (For example: LTC) that were previously outside the scope of DeFi will now have full access to all DeFi features.

2. The flexibility of the ERC-20 standard

The ERC-20 standard is known to be flexible, has the highest transferability and accessibility with the second largest blockchain network in the world. Every coin now has the opportunity to take advantage of Ethereum's flexibility.

3. Global Liquidity Pool

A global liquidity pool is opened 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 traders more power.

5. Community Driven

100% governance of this token will be done through the community.

6. DAPP

DAPP can now access tokens on other blockchains using only their Ethereum nodes via the KNIT synthetic token. They can also accept payments in this token.

Why Choose KNIT.Finance?

Borrow, Trade, and Agricultural Products with Any Asset

Knit.Finance creates tremendous opportunities for altcoin and Ethereum DeFi. The protocol inserts new assets into the highly liquid Ethereum network and allows them to be linked to opportunities to produce existing results.

Ethereum DeFi is growing and altcoins are generating new utilities.

Cross-Chain Bridges for Maximum Interoperability

Knit.Finance has created a proprietary bridge for transferring altcoins to the Ethereum network. This wrapped token is a unique form of synthetic asset that is supported 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.

Conclusion

The diversity of the cryptocurrency market provides investors with many opportunities to choose from. However, it needs to be considered based on the characteristics analyzed in the article above in order to make the best investment decisions. Hopefully the article above gave you all the information we have on the project, there will be more updates in the future and I hope you will follow.

Detail Information:

Website: https://knit.finance/

Telegram: https://t.me/knitfinance

Facebook: https://www.facebook.com/KnitFinance-106586011273309

Linkedin: https://www.linkedin.com / company / knitfinance

Twitter: https://twitter.com/KnitFinance

Media: https://knitfinance.medium.com/

Prize: https://bitcointalk.org/index.php?topic=5324900.0

Author: Homio

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2865336

My ETH Wallet: 0x3e9D0A5f1eA321a35AAec9629827123860d7Ea09

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