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Knit Finance

Cross-Chain Wrapped Assets with Deposit Insurance
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Finance
Blockchain
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Ethereum
Currency
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KFT
Publisher
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Knit Finance Team
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What is Knit Finance?
Cross-Chain Wrapped Assets with Deposit Insurance Knit is a protocol for creating cross-chain wrappers for the top-200 assets. Deposit to insured custody and mint 1:1 wrapped K-Assets. DPoS Assets are staked where possible and incentives airdropped on chain Knit.Finance is the world's first wrapped protocol for creating cross-chain wrappers for the top multi-class assets using Polkadot. 97% of Crypto assets which is close to 2 trillion Dollars still doesn't have access to all DeFi features.
Holders whose Blockchain Assets do not support current DeFi operational architecture had to dump. This reduced the value of many non DeFi assets meanwhile much in DeFi is happening on the Ethereum chain, increasing gas prices and congestion. This resulted in considerably lower capital efficiency.
Knit.Finance opens up the possibility of DeFi to many Non-ERC20 and Non-DeFi participant chains and different asset classes.
With Multichain wrappers, KNIT creates a way for billions in liquidity to flow into different DeFi asset classes allowing any crypto holder to convert their assets into an equivalent insured wrapped token on any chain with the original asset being insured by real world insurance.
Knit.Finance can be expanded to other asset classes like Tesla shares, Gold, bonds, etc. Hence, huge amount of assets can be moved into several blockchains to amplify DeFi.

Cross Chain
Maximize DeFi yields with multi-chain APY optimization.

Trusted
Maximize collateral security using the insured custody.

Incentives
DPoS Assets locked get incentives as well.

Get Started with a Deposit to Insured Custody
Institutions, developers, farmers, and traders tap into trusted custody to mint Knit's K-Assets. Can be minted on any EVM compliant blockchain and then moved among all EVM compliant layer-1. DeFi insurance is risky, untested, and unreliable.Traditional insurance is legally binding & trusted to cover tens of trillions.Your assets deserve reliable insurance.

Sail Between Blockchains Through Knit's Bridges
kAssets can be moved from one blockchain to another very easily hence accessing whole crypto verse liquidity in simple clicks. Knit's bridges burn the K-Assets on 1 blockchain and mint them on another, accessible only by the original asset owner. This ensures a non-custodial nature for the bridges.

Unlock Your Portfolio's Maximum Potential
Tap into the whole Cryptoverse ecosystem with any asset. Take your favourite coins for that matter any major coin to leading DEX, liquidity pools, lending, margin, collateral, or yield farms. K-Assets are the key to unlocking a galaxy of opportunities for any coins that do not exist currently on multiple chains ( Eth, PolkaDot, Binance Smart Chain etc).

Liquidity staking
Supported DPoS coins in cold wallet are staked and incentives airdropped directly on chain.

Cross-Chain Ports
Send your favourite tokens across multiple chains without need to revert to the original token.

Multiple Wallet Support
Compatible with Metamask and other leading well used wallets
Information
Type
Staking
Blockchain
Ethereum
Currency
KFT
Platform
Windows, macOS
Publisher
Knit Finance Team
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