Knit Finance is Thrilled to Announce Partnership with Umbrella Network

Knit Finance is Thrilled to Announce Partnership with Umbrella Network

KNit Finance is thrilled to announce partnership with Umbrella Network, a decentralized oracle for dApps to get data across different blockchains, at the lowest price, for 1800+ data pairs, with the most frequently updated data. Other products include — Bridge, Options Pricing Data, Staking Portal, and more. Umbrella Network uses its technology to enable massively scalable, cost effective, and secure access to outside data for blockchain developers.

Key Highlights

  • Umbrella Network will support KnitFinance k-Assets in their Oracle data feeds which can be used for various purposes.
  • Umbrella network will provide price feed, yield feed data on ETH, BSC, Polygon Previously Matic and Avalanche for Knit Finance.
  • KFT-USD price is now supported as Layer-2 Data on Umbrella Network Oracle.
  • Umbrella network users can take their wrapped kAssets and create options to stake, lend, borrow and margin trade across multiple chains through Knit Finance.
  • Knit finance will help Umbrella Network for collaboration with new projects in its early phase
  • Umbrella Network users will have options to trade in more network chains in future when Knit Finance adds more network chains.
  • Umbrella network users will have more options to get benefit for staking in the form of k-Assets in the insured custodian model.

Block Explorer: https://explorer-bsc.umb.network/

KFT Oracle data feed intetegration on Umbrella Network

About Umbrella Network

Umbrella Network is a decentralized oracle for dApps to get data across different blockchains, at the lowest price, for 1800+ data pairs, with the most frequently updated data. Our other products include — Bridge, Options Pricing Data, Staking Portal, and more!

Follow Umbrella Network across official channels:

Telegram | Medium | Linkedin | Twitter | Github | Website

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 official channels:

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

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Upgrading Decentralized Finance

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Upgrading Decentralized Finance

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