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Knit Finance
Knit Finance is a protocol for creating cross-chain wrappers for top crypto assets, enabling them to be used across multiple blockchains. By depositing assets into insured custody, users can mint equivalent K-Assets, which can then be utilized in various DeFi applications like liquidity pools, lending, and yield farming on any EVM-compliant chain.
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Knit Finance
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Description
Knit Finance is a protocol for creating cross-chain wrappers for the top-200 assets. Users can deposit to insured custody and mint 1:1 wrapped K-Assets. DPoS assets are staked where possible, and incentives are airdropped on-chain. The protocol aims to maximize DeFi yields with multi-chain APY optimization and ensure collateral security using insured custody.TVL: $384K
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