Knit project

 

Knit Finance Next Gen Defi (Decentralized Finance)

Maret 20, 2021

 

Introduction

As we all know that the emergence of blockchain technology has changed the world faster and stronger, in fact almost every industry in the world applies the most advanced technology, namely by using Blockchain Technology. The emergence of blockchain has connected the financial industry in a more seamless and modern way, on the one hand Cryptocurrency has grown significantly in recent years. These developments make cryptocurrency better and can be applied to more complex financial cases. especially with the Knit Finance project, a transparent, unique, safe platform-based project and of course this project will change the world of Cryptoqurrency to be beautiful and will bring huge profits to its users and investors.

About Knit Finance

KNIT FINANCE is a unique decentralized protocol that combines multi-chain aggregation, Bridge market and real world with yield, land, trade and escrow services through smart contracts. This also allows for cross-chain liquidity aggregation with 100% fully verifiable transparency. It is known that the next generation of the DeFi protocol aims to connect multiple non-Ethereum chains to ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT to unlock billions of dollars and commercial access can be proof of censorship. KNIT Finance provides the power of non-ethereum tokens with the versatility of ERC20 tokens. Aggregate assets are used to represent any crypto asset or real-world entity and are easily accessible and transferable. KNIT Finance allows you to convert a coin to an equivalent ERC20 synthetic asset. Likewise, any ERC20 token can be aggregated on another blockchain. Real-world entities like gold, stocks, and even fiat money can be attached to these assets.

KNIT FINANCE engraving will help simplify decentralized trade and DAPP payments. Coins that are restricted to centralized exchanges can now be traded on DEXs. ERC20 nodes are enough for DAPP to process transactions of various currencies and accept payments in these currencies.

Why Choose KNIT.Finance?

Lend, Trade, and Yield Farm with Any Asset

Knit.Finance creates incredible opportunities for both altcoins and Ethereum DeFi. The protocol onboards new assets to the highly liquid Ethereum network and allows them to be plugged into existing yield generating opportunities.

Ethereum DeFi grows and altcoins generate new 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 form of synthetic asset that is backed 1:1 by the represented altcoin

Tap into the Physical World with Digital Assets

Knit.Finance provides synthetic assets for exposure to physical world assets, providing a novel opportunity for portfolio diversification within Ethereum DeFi. Knit supports commodities, equities, and fiat.

Token Economics and Features KNIT Finance

1. Every Coin

For every coin hodler, we provide an option to trade and leverage their coins in the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s scope will now have complete access to all of DeFi’s features.

2. Flexibility of ERC-20 standard

ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility with the world’s second-largest blockchain network. Every coin now has the opportunity to leverage Ethereum’s flexibility.

3. Global Liquidity Pool

A global liquidity pool is being opened to Ethereum and vice versa.

4. Read-World Assets

Stocks, Gold, and Fiat can be synthesized to trade on Decentralized Exchanges, essentially decentralizing centralized assets, giving more power to the trader.

5. Community-Driven

100% governance of these tokens will be through the community.

6. DAPPs

DAPPs can now access tokens on other blockchains using only their Ethereum nodes via KNIT’s synthetic tokens. They can also receive payments in these tokens

Conclusion

So I have introduced the most general way about this project, all necessary information is complete in the article. Knowing that KNIT FINANCE is a great thing, the project has many interesting points and I think their products will definitely be well-received by users. In addition, the partnerships with KNIT FINANCE are also very good, KNIT FINANCE is running many programs to promote themselves and nothing promoting better than themselves must be an excellent and potential project and I found that KNIT FINANCE. Hopefully in the coming time KNIT FINANCE will publish more information related to the token, I firmly believe that many people are looking forward to this. 

For more information knit finance,Follow:

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

Medium: https://knitfinance.medium.com/

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

#KNITFINANCE #CRYPTOQURRENCY #BLOCKCHAIN #DEFI