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Knit Finance
Knit Finance is a protocol for creating insured, cross-chain wrapped assets (K-Assets). It enables institutions, developers, farmers, and traders to deposit assets into insured custody, mint 1:1 wrapped assets, and move them across EVM-compatible blockchains.
Distributed
Description
Knit Finance develops a cross-chain wrapped-asset protocol with deposit insurance. Users can deposit top assets into insured custody and mint corresponding 1:1 K-Assets, which can be moved between EVM-compatible layer-1 blockchains through Knit's bridges. The protocol also describes liquidity staking for supported DPoS assets, multi-chain DeFi access, fees for K-Asset redemption and bridge use, and token-holder governance.Grant Funding
VC Funding
None
2021
$0
$1.3M