Knit Finance is Integrating Cartesi (CTSI) into its Multichain Platform

Knit Finance’s integration will unlock DeFi opportunities for CTSI across multiple chains

Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, is integrating Cartesi (CTSI) into its platform.

With Knit Finance, users can deposit tokens to an insured custody platform and mint k assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending and margin trading.

Wrapped K-CTSI tokens for Cross Chain Transactions

Knit Finance’s integration with Cartesi will involve the integration of K-CTSI on its multi-chain platform. This will allow CTSI to be transacted across multiple independent blockchains in a wrapped K-CTSI token model.

The Knit Finance integration will give CTSI holders an opportunity to leverage DApps on multiple chains. CTSI holders will be able to maximize DeFi yields with multi-chain APY optimization, utilizing access to more than one blockchain at a time. Knit users can maximize collateral security using the insured custody, and access wrappers for their entire portfolio. Knit Finance enables the k standard for tokens, which is a token wrapper for assets held in insured custody.

About Knit Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains 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. Making Assets which weren’t available before to trade on the chain you love in an secure and easy manner.

Follow Knit Finance across official channels:

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

About Cartesi

Cartesi is a multi-chain layer-2 infrastructure that allows any software developer to create smart contracts with mainstream software tools and languages they are used to while achieving massive scalability and low costs. Cartesi combines a groundbreaking virtual machine, optimistic rollups and side-chains to revolutionize the way developers create blockchain applications.

Follow Cartesi across official channels:

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

--

--

--

Upgrading Decentralized Finance

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

My first acquaintance with the Rust language

Extentions use in flutter

CS373 Fall 2021: Eleventh Entry

How I hired a new AI employee

Network VA Automation | Lucideus Research

How To Become A Senior Developer In 3 Simple Steps

Deploy webserver in Docker container with Ansible

Creating a CRUD App with Ruby

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Knit.Finance

Knit.Finance

Upgrading Decentralized Finance

More from Medium

CDE TOKENOMICS & UTILITIES

MECHA MORPHING AMA Recap

Strategic Partnership: XDAO

Axelar Project Overview