KNIT Finance - provides aggregation of liquidity between chains with 100% fully transparent verification

felix4c3 (32)in #knit • 3 years ago

KNIT.Finance will be the solution to solve these problems
KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges, and real-world markets with yield, lend, trade and margin services through smart contracts. This also gives cross-chain liquidity aggregation in a Completely transparent 100% verifiable. Community-led initiative.

KNIT. Finance is the next generation of Defi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT. Finance by generating equivalent synthetic tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.

Anything decentralized should be available to anyone and everyone. But DeFi today is predominantly dependent on ERC-20 tokens. ERC-20 standard has proven to be the go-to for decentralized lending, borrowing, and yield farming, etc. However, this leaves out the participation of other assets of independent blockchains. These assets and their hodlers have a huge barrier to entry into DeFi. KNIT.finance solves this problem in one fell swoop.

KNIT.Finance unlocks the entire crypto ecosystem to DeFi using cross-chain synthetics and bridges. Existing DeFi protocols determine which tokens and projects get to participate. KNIT Finance’s decentralized protocol leverages smart contracts to combine DeFi pools with billions of assets from non-ERC-20 chains. By creating a standard for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens up an entire world of new possibilities.

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

Features
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.

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.

Global Liquidity Pool

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

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.

Community-Driven

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

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.

At the heart of the whole system is a powerful team with rich real-world experience in working with cryptocurrencies, with the primary mission of creating a perfect financial environment for all traders. . . , investors and ordinary users. To achieve this, their team will make the most of practical technologies and techniques, with the help of everyone they have not only a reliable, stable platform but also one. Perfect foundation at all other parameters.

Coming to Knit will explode DeFi by opening up the possibilities for altcoins to lend, lend, interest and access other DeFi aspects, thus removing barriers to entry to DeFi. altcoin holders.

End
Knit.Finance is a large company that can be used both on mobile phones and via the Internet Browser. Thanks to this Knit you can quickly and reliably assess your digital assets. Knit's mobile and internet interface aims to be one of the fastest ever. In this way, users will never miss an opportunity and can transact quickly and easily. Knit's engineering infrastructure is so powerful that millions of transactions can be executed exactly every second. It has only Knit on the existing stock market with such powerful features and that is what makes it so special. Stay tuned for this project

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