Knit Finance’s integration will unlock DeFi opportunities for CTSI across multiple chains. Knit Finance has announced a great news that it is integrating Cartesi (CTSI) into its platform.
Users can normally deposit tokens with the knit Finance platform to an insured custody platform and mint k assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending, and margin trading.
Wrapped K-CTSI tokens for Cross-Chain Transactions
This integration with Cartesi will involve the integration of K-CTSI on its multi-chain platform. This means CTSI can be transacted across multiple independent blockchains in a wrapped K-CTSI token model.
This will also give CTSI holders a great chance to leverage DApps on multiple chains.
They will be able to maximize DeFi yields with multi-chain APY optimization, utilizing access to more than one blockchain at a time.
Knit users can access wrappers for their entire portfolio and maximize collateral security using the insured custody.
About Knit Finance
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains 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. Making Assets that weren’t available before to trade on the chain you love in a secured and easy manner.
Cartesi is a multi-chain layer-2 infrastructure that allows any software developer to create smart contracts with mainstream software tools and languages they are used to while achieving massive scalability and low costs. Cartesi combines a groundbreaking virtual machine, optimistic rollups, and side-chains to revolutionize the way developers create blockchain applications.