KNIT Finance

KNIT Finance: Unlocking DeFi's Full Potential Using Cross Chain Synthetics and Bridges

I personally really like blockchain technology? because this technology is very sophisticated and has its own uniqueness. On the other hand, blockchain technology has developed rapidly, even becoming popular all over the world. many local and private companies have participated in developing their projects using blockchain technology. and speaking of blockchain technology, most investors are familiar with (cryptoqurrency). yes I will explain that Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public keys and private keys are often used to transfer cryptocurrency between individuals. However, because it is not tied to any particular country, its value is not controlled by the central bank. Examples of the main functions of cryptocurrencies, such as the ups and downs of a coin price depending on market supply and demand, which means it behaves like precious metals, such as silver and gold. Now related to that, this time I will bring you a very unique Defi project, and that project is called KNIT FINANCE, a platform that is promising, unique, transparent, profitable and will certainly attract large market investments. and in this article I will give you a quality and promising project in the future. I have tested and found that this product is completely safe and legal. 

KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges and real-world markets with yield, lending, trading and margin services via smart contracts. It also provides cross-chain liquidity aggregation in a 100% fully transparent verifiable manner. Community-led initiatives.

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

Anything that is decentralized must be available to anyone and everyone. But DeFi currently relies mostly on the ERC-20 token. The ERC-20 standard has proven to be the main choice for decentralizing lending, lending, and agricultural yields, etc. However, this ignores the participation of other assets from the independent blockchain. This asset and their vendors have a huge barrier to getting into DeFi. KNIT.finance solves this problem in one fell swoop.

Tentang KNIT Finance

KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges and real-world markets with yield, lending, trading and margin services via smart contracts. It also provides cross-chain liquidity aggregation in a 100% fully transparent verifiable manner. Community-led initiatives.

KNITTING. Finance is the next generation of the Defi protocol which aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any lockable digital assets can be leveraged with KNIT. Finance by generating synthetic tokens equivalent in a 1: 1 ratio, thus opening up billions of dollars and trading access that can prove censorship.

Anything that is decentralized must be available to anyone and everyone. But DeFi currently relies mostly on the ERC-20 token. The ERC-20 standard has proven to be the main choice for decentralizing lending, lending, and agricultural yields, etc. However, this ignores the participation of other assets from the independent blockchain. This asset and their vendors have a huge barrier to getting into DeFi. KNIT.finance solves this problem in one fell swoop.

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

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

Why Choose KNIT.Finance?

Lend, Trade and Yield Farm with Any Asset

Knit.Finance creates tremendous opportunities for altcoin and Ethereum DeFi. The protocol feeds 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 Bridge for Maximum InteroperabilityKnit.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

Leverage the Physical World with DigitalKnit.Finance Assets provides synthetic assets for exposure to physical world assets, providing new opportunities for portfolio diversification within Ethereum DeFi. Knit supports commodities, equities and fiat.

The Token Economy and 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. Aset Read-World

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

Conclusion So I have introduced the most common ways of this project, all the necessary information is complete in the article. Knowing that KNIT FINANCE is a great thing, this project has a lot of interesting points and I think their product will definitely be well received by users. In addition, the partnership with KNIT FINANCE is also very good, KNIT FINANCE runs many programs to promote themselves and nothing that promotes better than themselves should be a very good and potential project and I found that KNIT FINANCE. Hopefully in the future KNIT FINANCE will publish more information related to tokens, I am very sure that many people are looking forward to it.

For More Information Click the Link Below: 

Website: https://knit.finance/

Telegram:  http://t.me/knitfinance

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

Twitter:  http://t.me/knitfinance

AUTHOR: 

Bitcointalk Username: Gambangcity

Telegram Username: @Gambangcity

Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1855982

ERC-20 WALLET: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072