KNIT FINANCE TO INTEGRATE AVALANCHE AND PANGOLIN.
Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, is integrating Avalanche into its platform. PNG, the native token of Pangolin, a community-driven decentralized exchange for Avalanche and Ethereum assets, will also be part of the initial integration.
Upon completion of the integration, which is expected to be completed by May, 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.
Later when staking and lending services goes live on Knit Finance platform, Ava Labs and Knit Finance will explore grants to give rewards to platform users.
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.
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 k tokens.
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