Knit Finance and Stakin Partnership: Exploring Staking Possibilities
Knit Finance is thrilled to announce its partnership with Stakin, a leading solutions provider and infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering delegation services.
Apart from normal APY from staking, Knit Finance users will get added advantage of earning additional value opportunities by staking their native token, while original assets will be insured by custodian’s and generating staking rewards, users can also utilize their wrapped kAssets for trading, lending, margin trading, and liquidity provisions.
What services does Knit Finance provide ?
Knit Finance is a multi-chain wrapped asset and liquid staking protocol enabling the issuance of representative tokens on multiple chains 1:1 backed by native assets. This brings liquidity to inter-blockchain assets for all decentralized applications on multiple chains.
Assets where possible are staked on PoS chains with staked rewards airdropped regularly. These staked representative tokens can then be used in various DeFi apps to generate additional yield. Staking with Knit Finance will bring liquidity to coins which are staked for higher capital utilization.
Highlights of Partnership:
- Users will be allotted 1:1 backed by the native assets deposited to stake and can be used for Trading.
- Custodians will ensure original assets are kept safe while users get APY staking rewards and kAssets are minted and can be used for Trading, Lending, Margin Trading.
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.
KnitFinance is an insured custody Wrapping protocol issuing assets on multiple chains for testnet we have implemented on Ethereum, Matic/ Polygon, Fantom, Hecochain, BSC, and Moonbeam currently available to test on https://app.knit.finance in near future we are supporting more chains and tokens.Our public beta is live on https://beta.knit.finance
Follow Knit Finance across official channels:
Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website
About Stakin
Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering delegation services.
The company enables PoS cryptocurrency holders to earn interests on their holdings, and take part in decentralized governance, in a strictly non-custodial manner.
Stakin serves institutional crypto players, foundations, custodians, exchanges as well as a large community of retail token holders. Driven by demand from institutional customers and the community, Stakin provides services for multiple blockchains including leading ecosystems such as Cosmos, Solana, Polygon, Polkadot, and more.
Follow Stakin across official channels:
