KNIT Finance

 

THE NEXT GENERATION OF DEFI PROTOCOL

 

Cryptocurrency was originally referred to as a payment system that permits people to be ready to make transactions quickly, without third parties, during a transparent, secure and anonymous manner. Satoshi, who is that the creator of Bitcoin, made Bitcoin defeat a centralized economic system that's susceptible to manipulation and is controlled by one party. With the expansion and development of the Crypto or blockchain ecosystem, a variety of other investment options have emerged, and have proven to be more efficient and profitable investment tools than traditional financial returns. Innovative projects consistently appear within the crypto industry with high return investments and continuous trends, like KnitFinance is one project which will attract large market investments, KnitFinance is that the project you’ve been expecting.

Problems

There are many other products that are also being introduced to apply blockchain technology, such as research, software, finance, logistics or data storage ... These are old problems, now there are solutions that need to be overcome. Has been studied for the application of blockchain technology. . However, is the blockchain application effective in those areas where blockchain has disadvantages, e.g. B. the inability to apply the computation depth due to the limitations of the current inseparable blockchain environment? This is because all computations in the current blockchain are iterated on all nodes and there is no actual external platform that can support computations in depth. Also, developers now have to use programming languages they are not familiar with, which leads to longer and less efficient work processes. Another factor to consider is the interoperability of blockchains. In particular, some blockchain projects are also considering the use of external platforms for calculation purposes. However, they cannot provide a flexible solution that their out-of-chain calculations are compatible with. On another blockchain platform, top developers can only create their dApp on a specific blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The final problem is the consensus that top developers can only create their dApps on a specific blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The last problem is the consensus that top developers can only create their dApps in a certain blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The final problem is consensus

Solutions

KnitFinance is a unique decentralized protocol that combines real-world multi-chain composites, bridges and markets with profitability, credit, trade and fiduciary services through smart contracts. It also allows liquidity to be summarized across chains with a 100% transparent review. Community-led initiative.

Everything decentralized should be available to everyone and everyone. Today, however, DeFi mainly relies on ERC-20 tokens. The ERC-20 standard has proven to be an ideal choice for decentralized lending, borrowing, farming, etc. However, the involvement of other independent blockchain assets is not taken into account. These assets and their guardians pose a major barrier to entry for DeFi. KNIT.finance solved this problem in an error.

KNIT.Finance opens the entire cryptocurrency ecosystem for DeFi using cross-chain and bridging synthesis. Existing DeFi protocols define which tokens and which projects will participate. KNIT Finance's decentralized protocol uses smart contracts to pair the DeFi team with billions of non-ERC-20 asset chains. By creating a standard for non-ERC-20 coins to be converted into synthetic ERC-20 tokens, KNIT Finance is opening up a whole new world of possibilities.

Any coin or token on a blockchain can be converted into an equivalent synthetic ERC-20 token. Native tokens and aggregated tokens represent each other in a ratio of 1: 1. Conversely, ERC-20 tokens can also be aggregated on other blockchains on a 1: 1 scale with the help of KNIT. In addition to cryptocurrencies, there may be real assets aggregated with KNIT Finance such as fiat, gold, and stocks.

KIT.Finance opens up incredible opportunities for Altcoin and Ethereum DeFi. The protocol that brings new assets into the Ethereum network is highly liquid and allows for linking with existing opportunities to win.

Ethereum DeFi is evolving and Altcoins are creating a new utility. Bridge the firewall for maximum compatibility Knit.Finance has built exclusive Altkoynov bridges that carry Ethereum into the network. These packaged tokens are a unique form of synthetic asset backed 1: 1 by the introduced altcoin.

The Protocol That You Deserve

Are you a holder of a non-ERC-20 token? How many times have you felt the need to convert your holdings to an ERC-20 token to participate in DeFi? Being crypto enthusiasts and traders ourselves, it is one of the major roadblocks that we faced. We believe in hodling multiple crypto from multiple chains and not just one. We also believe in DeFi. But the two ideals seemed like they were never meant for each other. So, we came up with a unique decentralized protocol that helps us and the crypto community to enter DeFi without having to forsake our holdings — a multi-chain bridge to DeFi.

Features

1. Every Coin

For every coin hodler, we provide an option to trade and leverage their coins in the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s scope will now have complete access to all of DeFi’s features.

2. Flexibility of ERC-20 standard

ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility with the world’s second-largest blockchain network. Every coin now has the opportunity to leverage Ethereum’s flexibility.

3. Global Liquidity Pool

A global liquidity pool is being opened to Ethereum and vice versa.

4. Read-World Assets

Stocks, Gold, and Fiat can be synthesized to trade on Decentralized Exchanges, essentially decentralizing centralized assets, giving more power to the trader.

5. Community-Driven

100% governance of these tokens will be through the community.

6. DAPPs

DAPPs can now access tokens on other blockchains using only their Ethereum nodes via KNIT’s synthetic tokens. They can also receive payments in these tokens.

Why Choose KNIT Finance?

Lend, Trade, and Yield Farm with Any Asset

Knit.Finance creates incredible opportunities for both altcoins and Ethereum DeFi. The protocol onboards new assets to the highly liquid Ethereum network and allows them to be plugged into existing yield generating opportunities.

Cross-Chain Bridges for Maximum Interoperability

Knit.Finance has created proprietary bridges to port altcoins on to the Ethereum network. These wrapped tokens are unique form of synthetic asset that is backed 1:1 by the represented altcoin.

Tap into the Physical World with Digital Assets

Knit.Finance provides synthetic assets for exposure to physical world assets, providing a novel opportunity for portfolio diversification within Ethereum DeFi. Knit supports commodities, equities, and fiat.

Token Economics and token uses

Staking

Knit.Finance stands at the forefront of interoperability by enabling altcoins to be ported to Ethereum DeFi within a single UI.

Pay for fees

Knit.Finance makes equities, commodities, and fiat accessible within Ethereum DeFi, enabling greater asset exposure to the crypto community.

Protocol governance

Knit.Finance makes equities, commodities, and fiat accessible within Ethereum DeFi, enabling greater asset exposure to the crypto community.

For More Information Click Links Bellow: 

• Website: https://knit.finance/
• Telegram: http://t.me/knitfinance
• Facebook: https://www.facebook.com/KnitFinance-106586011273309
• Twitter: http://t.me/knitfinance

Author: Apineong

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3239925

ETH Address: 0x5400735BB21d8ec61929885450E7AdDE103748C7