#KnitFinance. Dear community, let's get acquainted.

09 Aug 2022, 02:24

#KnitFinance Dear community, let’s get acquainted! 🤝 Learn the What, How, and Why of Knit Finance as it strives to unlock the full potential of DeFi. Join us today! 👊 🍀Origin: A lot of skepticism surrounding the crypto sphere was solved when a storm called DeFi shook the industry. What followed was DeFi projects and apps that allow users to stake, lend, borrow, trade, or do any financial transaction one wants without an intermediary. 🔎Problem: Participants whose Blockchains don’t support the DeFi operational architecture had to dump or give up their ideas to others. KNIT is the first of its kind platform that opens up the possibility of DeFi to many Non-ERC20 and Non-DeFi participant platforms and assets. 💡Solution: With Multichain Bridges, KNIT creates a way for billions in liquidity to flow into DeFi allowing any crypto holder to convert their coin to an equivalent wrapped token with a smart contract. 💻How does KNIT work? Inhibited in Polkadot, KNIT’s multichain architectural framework separates canonicality and validity in consensus enabling customized side-chains to connect with public Blockchains. 💪Why the need for KNIT? Addressing the needs of an emerging market and creating more opportunities for startups to expand, KNIT enables portfolio diversification and accompanies market pioneers in their journey of DeFi innovations based on the ever-evolving needs. 🔥KNIT features: -Non-ERC20 can also be traded, borrowed, and margin traded -Real-world assets can enter DeFi -Users can lend, borrow, margin and yield on multiple chains -DEXes and ICOs -Completely decentralized, and much more! 💎Investors: Knit Finance received tremendous investment support from its strategic partners. The notable investors include AU21, TRG Capital, Lotus Capital, Master Ventures, LD Capital and Momentum 6 among many others. This will significantly contribute to our overall growth. 🤝How do we support our partners? We primarily support partners by amplifying exposure to their tokens on multiple chains & can convert partner tokens to payment instruments in our multi chain ecosystem. We give digital assets the ability to offer high yields and the assets under partner tokens can be utilized with more liquidity and user adoption. Read here 🗣Retweet: