Knit Finance Collaborates with KardiaChain to Integrate $KAI into the Multichain Platform and Issue Wrapped K-KAI for Cross-chain Transactions

2 min readJun 9, 2021

Taking yet another significant step towards achieving its goal of making DeFi available to everyone globally, Knit Finance is proud to announce its latest collaboration with KardiaChain, a decentralized, self-optimized blockchain infrastructure focusing on achieving industry-wide interoperability.

Knit Finance and KardiaChain will join forces to enable Knit to integrate $KAI into its multi-chain platform. Even more, the protocol will issue wrapped K-KAI tokens for smooth cross-chain transactions.

Knit Finance allows users to maximize DeFi yields with its multi-chain APY optimization. Knit Finance unlocks liquidity across multiple chains and real-world markets through the K standard, a token wrapper for assets held in insured custody. Users can maximize collateral security by taking advantage of the insured custody and access wrappers for their entire portfolio of assets.

KardiaChain is a leading market provider of interoperability and hybrid blockchain solutions for enterprises and governments in Vietnam and the Southeast Asian region in general.

Commenting on the latest initiative, Knit Finance CEO Sainath Gupta stated: “The synergy of Knit Finance and KardiaChain will prove beneficial to both parties as they build new and innovative avenues in their ecosystems. We are taking a step further by integrating our resources and expertise to promote the mass adoption of blockchain technology globally.”

About KardiaChain

KardiaChain is the first decentralized interoperable blockchain infrastructure in Vietnam and Southeast Asia. The platform provides hybrid blockchain solutions for governments and enterprises in the region, working with major service providers to decentralize their existing products.

KardiaChain aims to push the current boundaries of the blockchain industry by addressing one of its most prominent challenges — the fragmentation of the blockchain ecosystems. Through Dual-node, a non-invasive cross-chain technology, KardiaChain enables communication between public or private blockchains regardless of their protocols.

Their goal is to create a unified platform that combines all participants’ collective strengths to lay the foundation for global blockchain adoption.

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About Knit Finance

Knit Finance is a top DeFi protocol for wrapping both crypto and traditional assets using the k token standard. It delivers all-market bridges to ensure institutions, developers, farmers, and traders can comfortably unlock cross-chain liquidity for any asset type on multiple chains. Minted K-tokens are backed by insured custody to minimize risk exposure.

Through its unique cross-chain liquidity bridge, Knit Finance allows both crypto and real-world assets to move across multiple non-Ethereum blockchain as wrapped tokens.

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