introduction

Cryptocurrency was originally known as a payment system, which allows people to be able to do TRANSA gr quickly, without the involvement of third parties, transparent, secure and anonymous way. Satoshi, the creator of Bitcoin, forced Bitcoin to defeat a centralized financial system that is manipulated and controlled by one party. With the growth and development of the cryptography or blockchain ecosystem, a number of alternative investment options have emerged that have proven to be more efficient and profitable investment vehicles than traditional financial returns. In the crypto industry, innovative projects with a high return on investment and constant trends are constantly appearing, for example, KnitFinance is one of the projects that will attract large market investments. Why? because this project aims to create a secure and decentralized model of work. KnitFinance is the project you've been waiting for.

About KNIT Finance

KnitFinance is a unique decentralized protocol that combines synthetic materials across multiple chains, bridges, and real markets with profitability, lending, trading and margin services through smart contracts. It also makes it possible to aggregate liquidity across chains with 100% fully transparent verification. Community-led initiative.

TO KNIT. Finance is the next generation of the Defi protocol, which aims to link multiple non-Ethereum chains to ERC20 in Phase 1. Any digital asset that is blocked can be used using KNIT. Funding by creating equivalent synthetic tokens in a 1: 1 ratio, which opens up access to billions of dollars and access to trade that can be protected from censorship.

Everything decentralized should be available to everyone and everyone. But today, DeFi is predominantly dependent on ERC-20 tokens. The ERC-20 standard has proven to be ideal for decentralized lending, borrowing, growing crops, etc. However, it does not account for the participation of other independent blockchain assets. These assets and their custodians have a huge barrier to entry into DeFi. KNIT.finance solves this problem in one fell swoop.

KNIT.Finance opens the entire crypto ecosystem to DeFi using cross-chain synthetics and bridging. Existing DeFi protocols determine which tokens and projects will participate. The KNIT Finance decentralized protocol uses smart contracts to combine DeFi pools with billions of non-ERC-20 asset chains. By creating a standard for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens up a whole new world of possibilities.

Any coin or token on any blockchain can be converted to an equivalent synthetic ERC-20 token. The original token and the synthesized token will represent each other in a 1: 1 ratio. On the contrary, using KNIT, ERC-20 tokens can also be synthesized on other blockchains in a 1: 1 ratio. In addition to cryptocurrencies, real assets can be synthesized using KNIT Finance, such like fiat, gold and stocks.

Why Choose KNIT.Finance? Lend, trade and profit with any asset

Knit.Finance opens up incredible opportunities for both altcoins and Ethereum DeFi. The protocol brings new assets into the highly liquid Ethereum network and allows them to be connected to existing profit opportunities.

Ethereum DeFi is growing and altcoins are generating new utility.

Bridging for maximum compatibility

Knit.Finance has created proprietary bridges to bring altcoins to the Ethereum network. These wrapped tokens are a unique form of synthetic asset that is backed 1: 1 by the represented altcoin.

Discover the physical world with digital assets

Knit.Finance provides synthetic assets to access the assets of the physical world, providing a new opportunity for portfolio diversification within Ethereum DeFi. Knit supports commodities, stocks, and fiat.

The economy of tokens and their use

Features of KNIT Finance

1. Every coin We provide every coin
keeper with the opportunity to trade and use their coins in the DeFi space. Coins (ex: LTC) that were previously outside the scope of DeFi will now have full access to all DeFi features.

2. Flexibility of the ERC-20 Standard The ERC-20 standard
is known for being flexible, having the highest portability and availability with the world's second largest blockchain network. Each coin now has the ability to leverage the flexibility of Ethereum.

3. Global pool of liquidity. The global liquidity pool is
open to Ethereum and vice versa.

4. Assets of Read-World.
Stocks, gold and fiat can be synthesized for trading on decentralized exchanges, which essentially decentralizes centralized assets, giving the trader more options.

5.100
% of these tokens will be managed by the community through the community.

6. DAPP. DAPPs can now
access tokens on other blockchains using only their Ethereum nodes through synthetic KNIT tokens. They can also receive payments in these tokens.