Knit Finance Overview and Upcoming Strong Holder Offering
Knit is a protocol for creating cross-chain wrappers for the top-200 assets. Deposit to insured custody and mint k tokens.
Knit’s bridges burn the k tokens on 1 blockchain and mint them on another, accessible only by the original asset owner. This ensures a non-custodial nature for the bridges.
Protocol Features:
Asset Wrapper—Knit enables the k standard for tokens, which is a token wrapper for assets held in insured custody
Cross-Chain Bridges—Knit delivers all-market bridges to ensure comfortable cross-chain fluidity of assets.
Governance—Ecosystem decisions are decided by Knit stackers.
According to their Twitter announcements, Knit Protocol will be having a Strong Holder Offering that will be hosted by The DAOMAKER. The official date and time for the event will be announced soon via their social media channels
ABOUT Knit Finance
Knit is a protocol for creating cross-chain wrappers for the top-200 assets. Deposit to insured custody and mint k tokens.
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