Knit Finance and FinNexus have teamed up to create wrapped K-FNX tokens for their Multichain Platform.
Knit Finance is proud to confirm its alliance with FinNexus.
FinNexus is developing a collection of open finance protocol clusters to power hybrid marketplaces that can trade both decentralized and conventional financial goods.
Knit Finance is a one-of-a-kind decentralized protocol for building asset cross-chain wrappers. Knit Finance allows consumers to deposit to secured custody and mint k securities, which are 1:1 equal in value and can be traded, staking for yield, lending, and margin dealing on various chains.
FinNexus will be incorporated on Knit Finance’s multichain network as part of this agreement, allowing the native FNX token to be transacted through several individual blockchains in a wrapped K-FNX token format, allowing dex-based trading, staking, lend, margin, and borrow.
K-FNX Tokens Wrapped for Cross-Chain Transactions
FinNexus is developing DeFi options and other derivatives cross-chain protocols. It’s the most adaptable DeFi platform available. Knit Finance helps people to get the most out of their DeFi investments. Knit consumers may use insured custody to increase collateral protection to gain access to wrappers for their whole portfolio.
Knit Finance supports the k token standard, which is a token wrapper for properties stored in insured custody. The groundbreaking partnership between Knit Finance and FinNexus will include the inclusion of FinNexus’ native token FNX on Knit Finance’s multi-chain network. This would include the development of wrapped K-FNX tokens that can be used to transact through several blockchains, opening up a whole new universe of possibilities.
FinNexus is building a suite of open finance protocol clusters that will power hybrid marketplaces trading both decentralized and traditional financial products. The headline product released is a fully decentralized options model with pooled liquidity, live on both Ethereum and Wanchain.
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