KNIT FINANCE - Decentralized Protocols That Combine Synthetics in various chains

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About KnitFinance

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.

Protocol Features

Asset Wrapper

Knit enables the k standard for tokens, which is a token wrapper for assets held in insured custody.

Cross-Chain Bridges

Knit delivers all-market bridges to ensure comfortable cross-chain fluidity of assets.

Governance

Ecosystem decisions are decided by Knit stackers.

Knit Fee Structure

Comfortable Cross-chain asset fluidity built on insured custody is a powerful value offering.

The Knit ecosystem is sustained through fees on its value-additive services. A small fee is applied to redemption of k assets and bridge usage.

Token Economy

  • Stacking
    Redemption fees of k assets are rewarded to hard-locked token stackers.
  • Secondary Market Support
    Fees generated from bridge usage are used to support the token's secondary market.
  • Governance
    Ecosystem decisions are decided by Knit Stackers.

Token Metrics



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