Harmony Partners With Knit Finance
Harmony partners with Knit Finance to enable synthetic cross-chain Defi. This collaboration will enable the Harmony ONE token as well as all the assets on the Harmony chain to be used in other chains via Knit Finance as synthetic assets, increasing the breadth of utility for all Harmony assets and growing its Defi ecosystem.
About Knit Finance:
Knit Finance is a unique decentralized protocol that integrates its wrapped protocol across multiple chains, bridges, and real-world markets with yield, lend, trade, and margin services through smart contracts. KnitFinance bridges multiple non-Ethereum chains with wrapped tokens. Any asset can be leveraged within Ethereum DeFi and implemented into liquid lending and trading.
About Harmony:
Harmony is a sharding protocol with a trustless Ethereum bridge. Harmony developers can use Ethereum tooling such as Solidity and Ether.js. Users can also seamlessly swap Harmony and Ethereum assets. Harmony is able to achieve 2-second finality for fast transactions and is able to support 1000 delegating stakers for secure shards. Similar to layer 2 protocols, Harmony is now fully interoperable with the Ethereum ecosystem.
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