Knit Finance is happy to announce a partnership with Telos — Making Telos ($TLOS) tradable on multi-chain Platform
Knit Finance has announced another great partnership with Telos which is a blockchain platform that aids in the building of scalable distributed, fast
Telos is a third-generation blockchain platform for building scalable distributed and fast applications which don't have transaction fees. The telos network has been built to power future economies and proffers solutions to worldwide issues.
This telos network also has governance features that enable organizations to shift decision-making and influence to a more collaborative and transparent model.
This collaboration will enable users to move wrapped $TLOS tokens across multiple chains like Polygon (Matic), BSC, MoonBeam, Heco Chain, Ethereum, and Fantom with more to come in the future. Knit Finance’s wrapped assets will also be compatible with the TomoChain ecosystem which will enable more seamless liquidity transfer between networks.
KEY HIGHLIGHTS OF THIS PARTNERSHIP
This partnership will enable the Telos Network to make use of the cross-chain interoperability enabled by Knit Finance, allowing its native $TLOS tokens to be transacted across multiple independent blockchains in a wrapped K-TLOS token model.
Users of the Telos Network can take part in staking, liquidity pool, lending services, and margin trading.
Telos Network users will be rewarded with the best APY available in the market and Knit Finance users can verify transactions on-chain in real-time.
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.
Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions. The Telos network has been developed to power the economies of the future and provides human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.