Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, has integrated Tomochain into its platform. TOMO, the native token of Tomochain. TomoChain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally.
Users can move wrapped TOMO tokens across multiple chains like Ethereum, Polygon (Matic), MoonBeam, BSC, Fantom, Heco Chian and more to add in future. Knit Finance’s wrapped assets will also be compatible with the Tomochain ecosystem, enabling more seamless liquidity transfer between networks.
Later when staking and lending services goes live on Knit Finance platform, there may be rewards for platform users for staking their TOMO Tokens which will be insured.
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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TomoChain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally. TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.
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