Knit Finance is happy to announce partnership with Telos — Making Telos ($TLOS) tradable on multi chain Platform
Knit Finance is pleased to announce its partnership with Telos.
Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions. The telos network has been developed to power the economies of the future and provide human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.
Through this partnership, users can move wrapped $TLOS tokens across multiple chains like Ethereum, Polygon (Matic), MoonBeam, BSC, Fantom and Heco Chain, with more to come in future. Knit Finance’s wrapped assets will also be compatible with the TomoChain ecosystem, enabling more seamless liquidity transfer between networks.
Key Highlights
Through this collaboration, the Telos Network will be able to utilize the cross-chain interoperability enabled by Knit Finance, allowing its native $TLOS tokens to be transacted across multiple independent blockchains in a wrapped K-TLOS token model.
Telos users can participate in staking, margin trading, liquidity pool and lending services where users will be rewarded with the best APY available in the market.
On Knit Finance platform users can verify transactions onchain in real time.
Knit Finance platform user funds will be insured by custodians to ensure safety and protection of user assets.
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 their official channels:
Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website
About Telos
Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions. The Telos network has been developed to power the economies of the future and provide human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.
Follow Telos across official channels:
Announcement Channel | Blog | Facebook | Reddit | Twitter | Youtube | Github | Website
