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Forward Protocol Partnership with Knit Finance

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Forward Protocol, the gateway to blockchain adoption, announced its partnership with Knit Finance, a Cross-Chain Wrapped Assets with Deposit Insurance.

This partnership of Forward Protocol with Knit Finance will give them a new dimension in their mission to facilitate multi-chain compatibility across different DeFi-based ecosystems globally, including Web3 and NFT markets.

Knit Finance aims to be the ultimate DeFi cross-chain compatibility solution, providing access to multi-chain wrapped assets for all crypto assets. It allows users to deposit digital assets into deposit-insured protocols to mint 1:1 wrapped K-Assets. It combines DPoS assets staking and on-chain incentivization to encourage participation.

Partnership Highlights

Forward Protocol collaboration with Knit Finance is part of their mission to make blockchain adoption straightforward and rewarding for all participants in value-based blockchain ecosystems. Forward Protocol will provide an easy-to-use interface for blockchain users. To interact with the cross-chain utilities and insurance-backed K-Assets that Knit Finance provides. They also look forward to welcoming and facilitating the transition of new users onto the blockchain ecosystem.

Management Quote

“The blockchain space is moving fast, with many innovators adding to the development of the industry. These innovations are developed by forward-thinking projects like Knit-Finance. They have developed an efficient system to facilitate cross-chain utility and interacting with insurance-backed assets. And Forward Protocol makes these innovations accessible and easy-to-use for every participant in DeFi systems.” Mitch Rankin, Co-founder of Forward Protocol.

“The future is in DeFi and the solutions that ease the transition of traditional finance users into these systems and leverage the innovations within them will claim major shares in the economy of the future. Forward Protocol complements our solutions, so a collaboration is a no-brainer. We believe in the future of DeFi and we are actively developing user-friendly and secure environments for users.” Sainath — CEO of Knit Finance.

About Forward Protocol

Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their blockchain applications without technical knowledge.

Website | Twitter 

About Knit Finance

Knit Finance aims to be the ultimate DeFi cross-chain compatibility solution, providing access to multi-chain wrapped assets for the top 200 assets. It allows users to deposit digital assets into deposit-insured protocols to mint 1:1 wrapped K-Assets. It combines DPoS assets staking and on-chain incentivization to encourage participation. Users can move K-Assets across different blockchains and easily access crypto liquidity in a few simple clicks.

Website | Twitter 

SOURCE

https://forwardprotocol.medium.com/forward-protocol-x-knit-finance-partnership-cross-chain-flexibility-and-usability-in-defi-systems-6a830c9339d6

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