Jun 23, 2021
Knit Finance announces a collaboration with Cryption Network to integrate CNT into its Multi-Chain Platform.
Knit Finance is happy to announce its strategic partnership with Cryption Network.
Cryption Network is a decentralized system that allows users to trade, farm, forecast, and invest using its smart, innovative, and user-friendly platform and DeFi products. The platform is aware with the potential and numerous use cases of blockchain, cryptocurrencies, and DeFi, as well as their market problems. As a result, Cryption Network’s unique platform is constructing an amazing array of user-friendly DeFi solutions that will significantly improve user experience.
Knit Finance is a decentralized system that enables users to construct cross-chain wrappers for the top 200 assets, allowing them to be traded freely on different chains. Anyone, from an individual to an institution, developers or traders, may utilize the platform’s assured custody functionality to mint K-Assets on any EVM compliant blockchain.
Knit Finance customers may easily transfer K-Assets from one blockchain to another by utilizing a simple UI of Knit’s Bridges. Its bridges burn the K-Assets on the previous blockchain and mint them on the most recent chain, which only the original asset owner has access to. This procedure guarantees that the bridges are not held in custody.
Highlights of the Knit Finance and Cryption Network Partnership
Knit Finance and Cryption Network’s cooperation will help both platforms.
Knit Finance will incorporate CNT (Cryption Network native token) into its multi-chain platform by developing the wrapped token K-CNT. Users of the Crypton Network will be able to conduct cross-chain transactions as a result of the integration. Knit Finance token KFT and its K-Assets will also be listed on Cryption’s AMM platform.
Why choose Cryption Network?
Cryption Network, which offers a wide range of DeFi devices, is working hard to simplify the DeFi experience for consumers in order to increase DeFi adoption. To improve user experience, the platform strives to instill simplicity, transparency, and seamlessness in DeFi apps. Knit Finance has always prioritized providing customers with new solutions and tools that assist them in their DeFi operations. This connection with Cryption Network will let us to provide more sophisticated solutions to our community while also allowing the Cryption Network community to use Knit features for cross-chain transactions.
About Cryption
Cryption aims to make the onboarding process simpler for retail users. We offer a suite of user-friendly products to facilitate crypto adoption and provide the best service possible. Cryption Network helps to simplify the crypto ecosystem without diminishing its value. We offer:
- PolyDEX — L2 Swap
- Elastic Farming
- Deflation of CNT
- Seer
- Cryption App
- Non-Custodial Portfolio Management
- Ether Rush
- DeFi Stack
- NFTs
About Knit Finance
Knit Finance 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.
