KNIT Finance

KNIT Finance review is the next generation of the Decentralized protocol.



The development of technology is currently increasing rapidly. This includes trading and exchange systems that have moved using blockchain technology. Since 2008 the emergence of blockchain has become a hot topic of conversation in many circles, coupled with the search for digital exchange media in the form of Cryptocurrency (digital currency). Cryptocurrency is becoming a new medium of exchange. Along with its development, many platforms have continued to emerge creating digital coins that use the blockchain system as a medium or marketplace for all types of crypto around the world. And this time I want to present a project that has a bright future, namely the KNIT FINANCE Project. Of course, the presence of the KNIT FINANCE project can change everything, especially for investors and some of the partners involved in it.

Tentang KNIT Finance

KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, bridges and real-world markets with yield, trading, trading and margin services via smart contracts. It also provides an acceptable 100% transparent cross-chain liquidity approval. Community-led initiatives.

KNIT.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 used with KNIT. Finance by generating synthetic tokens equivalent in a 1: 1 ratio, unlocking billions of dollars and access to censorship-proof trading.

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 is proving 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.

The Protocol You Deserve

Are you a non-ERC-20 token holder? How many times have you felt the need to convert your holdings into ERC-20 tokens to participate in DeFi? Being crypto enthusiasts and traders ourselves, that is one of the main obstacles we face. We believe in embracing multiple cryptos from multiple chains and not just one. We also believe in DeFi. But the two ideals never seemed meant for each other. So, we came up with a unique decentralized protocol that helped us and the crypto community to enter DeFi without ever leaving our holdings - the multi-chain bridge to DeFi.

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 the form of these tokens.

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 regarding the token, I am very sure that many people are looking forward to it.

For more information and resources on Knit Finance, visit:

Website:  https://knit.finance/

Medium: https://knitfinance.medium.com/

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

Telegram:  https://t.me/knitfinance

Linkedin :  https://www.linkedin.com/company/knitfinance

Twitter:  https://twitter.com/KnitFinance

Bounty Link:  https://bitcointalk.org/index.php?topic=5324900.0

by ; Mateus Uribe link: : https://bitcointalk.org/index.php?action=profile;u=3135349

Komentar

Posting Komentar

Postingan populer dari blog ini

WOXH

Gambar
  WOXH: THE MOST SCALE AND DECENTRALIZED FILE STORAGE SYSTEM ACCORDING TO TRON AND SUITABLE FOR GAME STREAMING ACTIVITIES. The world has become digital thus making it a digital global village.  As a result of the increasing demand and situation, it is important for us to keep up with the evolving demands of technology.  The world is undergoing a revolution that started timidly in 2009 with the operation of the Blockchain concept and the cryptocurrency BITCOIN, a revolution that is getting stronger every day.  In a few years from now, those who refuse to engage in our evolving technology will be considered parents before the age of 40.  Therefore, one should know themselves about the knowledge of cryptocurrencies, decentralized economy, exchanges, wallets & various tokens.  Hence, #Woxh was introduced.  The word #Woxhis comes from Latin which means “Worth to be trusted” WOXH Problems With Traditional Game Streaming Platforms woxh.com Lack of data centers and servers in multiple geog
Baca selengkapnya

Backed Finance

Gambar
  BKD is a token that will have many functions, especially on the Backed Finance platform.    CompanyCoin is a security token that represents share ownership in a specific company on the Supported platforms.  The company must be the one to successfully raise funds on Backed after meeting its fundraising goals.  The digital asset is an ERC-20 token based on Ethereum, which means it has a standard set of features built into the code and can be freely exchanged for other ERC-20 compatible tokens such as BKD. Backed Finance is a platform that aims to be a platform that supports many companies globally in developing and surviving in the market.  Allowing users to invest using tokens in companies listed on Backed Finance, will allow companies, especially startups, to get financial support outside of their investors and they will be able to grow better in the future. Backed Finance has a vision to become an investment platform that will support many companies globally with an innovative fundi
Baca selengkapnya

Metakings

Gambar
Metakings: the world's first artificial intelligence game on the BSC network   SERVING DEFI METAKING Esports and gaming is one of the fastest growing industries in the world, with a worldwide market of $117 Billion in 2020. Metakings aims to be the leading gaming network.  The company has signed an agreement with one of the largest cryptocurrency exchanges in the world, Binance. We would like to introduce metakings which is a decentralized gaming platform that uses nft assets.  We will be the first platform that will be the first decentralized gaming platform that will use nft assets.  Through our platform anyone can develop their own game and get nft assets and if they want they can convert them back to tokens or to fiat currency. One of the biggest problems that augmented reality and virtual reality game developers face is the difficulty of monetizing games.  For the game to be successful, it is necessary to have a good number of players who will continue to engage with the game.
Baca selengkapnya