Knit Finance accomplices with Edgeware to coordinate EDG tokens in its Multichain Platform by Developing Wrapped kEDG tokens
Edgeware, a self-improving smart contract blockchain based on the Polkadot ecosystem that uses Wasm to improve its self-upgrading functionality, has partnered with Knit Finance.
Knit Finance is a decentralized protocol that allows you to create cross-chain wrappers for the top 200 properties.
Users will deposit to insured custody and mint k tokens with Knit Finance.
Edgeware’s native token EDG will be implemented on Knit Finance’s multichain network as part of this collaboration, allowing EDG tokens to be transacted through multiple independent blockchains in a wrapped kEDG token state.
Cross-Chain Transactions with Wrapped kEDG Tokens
Edgeware is a decentralized technology ecosystem for the next generation. It’s a smart contract chain with a community-run treasury, a decentralized proposal scheme, and a network of decentralized autonomous organizations (DAOs).
As part of the current ecosystem and beyond, Edgeware makes it easier for people to communicate, exchange expertise, and gain funding for new ventures.
Knit Finance’s multi-chain APY optimization helps users to optimize DeFi yields. Knit consumers may use insured custody to increase collateral protection and gain access to wrappers for their entire portfolio. Knit Finance supports the k token standard, which is a token wrapper for assets kept in insured custody.
Knit Finance’s exciting partnership will see Edgeware’s native token EDG integrated into its multi-chain network. In a wrapped kEDG token model, this will enable EDG tokens to be transacted across multiple independent blockchains.
About KnitFinance
KnitFinance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It delivers all-market bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s k tokens.
Official Website : https://knit.finance/
Twitter : https://twitter.com/KnitFinance
Blog : https://knitfinance.medium.com/
Telegram : https://t.me/knitfinance
About Edgeware
Edgeware is a community-owned, fairly distributed, self-sustainable blockchain ecosystem built on Substrate with on-chain governance and a collectively managed treasury, enabling users to fund the chain’s development and teams to build projects
Official Website : https://edgewa.re/
Twitter : https://twitter.com/HeyEdgeware/
Discord : https://discord.gg/tDxgyxym
Discussion+Governance Forum : https://commonwealth.im/edgeware/
