Knit Finance To Integrate Avalanche
Knit Finance has integrated with Avax on its multi-chain platform by developing wrapped K-AVAX tokens and support the Pangolin ($PNG) project as well. Integration will unlock DeFi opportunities for AVAX and PNG holders across chains.
Upon completion of the integration, users can move wrapped AVAX and PNG tokens across multiple chains like Ethereum, Matic, Polkadot, BSC and more. Knit Finance’s wrapped assets will also be compatible with the Avalanche ecosystem, enabling more seamless liquidity transfer between networks.
About Knit Finance:
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It delivers all-market bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s tokens.
About Avalanche:
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.
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