Apr 16, 2021

3 min read

Knit Finance partners with PAID Network to provide a smooth backend process and improved efficiency.

A new partnership has been formed between Knit Partnership and PAID. Knit Finance is a great DeFi based protocol that gives a platform for any digital, lockable asset to be leveraged, wrapped and minted as a K token on a ratio of 1:1.

This great partnership will grant PAID a wider platform by giving it great access to cross-chain interoperability where the PAID token will be wrapped as K-PAID and transacted across multiple independent blockchains... Knit finance in turn will take on PAID’s SMART Agreement technology which it will apply to smoothen backend processes and improve its overall efficiency

When asked, Sainath Gupta, CEO of Knit Finance said:

This partnership will bring two uniquely amazing eminent projects together to greatly amplify DeFi technology as a whole

There’ll be so many great gains for PAID network and its global community as there are numerous opportunities that would spring up from having PAID available as K-PAID to users of different blockchains.

Also for Knit Finance, this partnership opens up an opportunity for users to traverse PAID SMART Agreements using it as a medium to make more efficient business agreements…

Kyle Chasse, CEO of PAID Network, also had the following to say:

About PAID

PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.

PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.

For any questions for the Knit Finance, please feel free to reach out to us on:

Telegram: @PaidNetwork

Twitter: @PAID_Network


About Knit Finance

Knit Finance is the next generation of DeFi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT Finance by generating equivalent wrapped tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.

Telegram: @knitfinance

Twitter: @KnitFinance