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Knit Finance to integrate Polygon Network into its cross chain Platform to issue kAssets

Knit Finance has integrated Polygon Network (previously matic) into its Multi-chain platform.
Polygon is the first well-structured, easy-to-use platform for full-stack Ethereum scaling and infrastructure development. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. With Knit Finance, users can deposit to insured custody and mint k tokens.


Highlights:

  • Knit Finance integrates Polygon Network into its multi-chain platform.
  • Polygon assets will be tradable across multiple chains.
  • Users can take their wrapped K-MATIC and create options to stake, lend, borrow and margin trade across multiple chains. 
  • Polygon users will have options to trade in more network chains in future when Knit Finance adds more network chains.
  • Users will get rewarded for staking in the form of K-Assets in the insured custodian model. 
  • K-Assets will also be made tradeable on Polygon trading platforms.
  • Users can issue wrapped assets on a polygon network.

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.

Follow Knit Finance across official channels:

Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website

About Polygon 

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting secured chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Follow Knit Polygon Network official channels:

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram

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Follow Knit Finance across official channels:

Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website

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