Knit Finance is Integrating SKALE Network $SKL to Enable Cross Chain Transactions.
Knit Finance is excited to announce its partnership with SKALE Network, a fully decentralized, Ethereum Native, multichain PoS network. SKALE Network’s modular protocol is one of the first of its kind to allow developers to easily provision highly configurable blockchains called SKALE Chains, which are incredibly fast, secure, and allow users to run transactions with zero gas fees. SKALE Chains power NFTs, DeFi, and Web3 applications enabling both a scalable and frictionless user experience.
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. With Knit Finance, users can deposit to insured custody and mint k tokens.
Through this partnership, Knit finance will integrate SKALE Network to its EVM compatible multi-chain platform. Knit Finance’s wrapped assets will also be made compatible with the SKALE Network ecosystem.
BENEFITS OF INTEGRATING SKALE Networks INTO THE ECOSYSTEM
- SKALE assets will be tradable across multiple chains throughout Knit Finance.
- Every network that is bridged on Knit Finance platform will have access to SKALE Network users to make it interoperable and tradeable.
- Knit Finance platform users will have access to SKALE staking options
- Staking K-SKL assets will be made available, once staking goes live on Knit Finance platform. SKALE is a POS network that utilizes a work token. Node setup and staking on the Knit Finance platform for K-SKL is simple and takes only a few steps.
About Knit Finance
Knit Finance is a unique decentralized protocol that integrates its k wrapped protocol across multiple chains, bridges, and real-world markets through smart contracts. Knit Finance delivers all-market bridges to ensure institutions, developers, farmers, and traders can comfortably unlock cross-chain liquidity for any asset type on multiple chains.
Knit merges multiple non-Ethereum blockchains with real-world markets and liquidity bridges, allowing both crypto and traditional assets to move across these chains as wrapped tokens.
Follow Knit Finance through the official channels:
Announcement Channel | Medium | Facebook | Reddit | LinkedIn | Twitter | Youtube | Github | Website
About SKALE Network
SKALE is a multichain network composed of an unlimited number of secure, decentralized, high-performance Ethereum Blockchains. These SKALE Chains were purpose-built to bring Web3 to billions of consumers around the world. SKALE’s advanced cryptography and pooled security model is fast, secure, and decentralized, allowing developers to deliver amazing user experiences to end users without gas fees or latency. SKALE’s modular and extensible platform includes EVM functionality, file storage, interchain messaging, and machine learning capabilities, but is open sourced and designed to allow developers to easily use best of breed solutions when necessary. This architecture further allows applications to run completely on SKALE chains without centralized dependencies. The SKALE Network is an open source project with many contributors including SKALE Labs, Inc. headquartered in San Francisco, CA.
The SKALE Network’s supporters include Arrington Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia VP, and Winklevoss Capital. The SKALE Network is supported by many of the top validators in the world including 01NODE, Ankr, Anonstake, Audit One, Blockdaemon, Blockware, Chainflow, Chainode, Chorus One, Cypher Core, Dokia Capital, Figment Networks, FreshSkale, Hashed x DELIGHT, Hashquark, Staked, Stakin, Stake With Us, WolfEdge Capital, as well as Staking Facilities. SKALE Network utilised the $SKL token which is listed on 25 exchanges globally, including Binance, Coinbase, FTX, Gemini, Huobi, OKEx and more. For more information please visit www.skale.network, @SkaleNetwork on Twitter, and @skaleofficial on telegram.
Follow SKALE Network through the official channels:
Announcement Channel | Blog | Facebook | Twitter | Github | Website
