Knit Finance Partners with Autonio Foundation to Integrate $NIOX Tokens and Issue Wrapped K-NIOX for Cross-Chain Transactions
Knit Finance and Autonio Foundation have forged a new partnership that will enable cross-chain transactions in the NIOX token and further their jointly held goal of opening Decentralized Finance to all.
Autonio is a decentralized, autonomous organization dedicated to building an open and prosperous DeFi community through the provision of accessible, easy-to-use, and affordable trading tools and services.
Knit Finance is a unique decentralized protocol that facilitates the “wrapping” of traditional and crypto assets with smart contracts and insurance so they are trade able across multiple chains, bridges, and real-world markets. Part of the Polkadot ecosystem, Knit Finance aims through interoperability to open DeFi to the masses and unlock potentially trillions of dollars in assets. The unique decentralized protocol also allows additional liquidity from all asset types to flow into the DeFi ecosystem.
Under the newly forged partnership, Autonio’s NIOX token will be integrated into Knit Finance’s multi-chain platform so users can benefit from the cross-chain DeFi services and transactions possible through the use of the “K” wrapping standard for the NIOX token.
THE POWER OF THE NIOX SUITE
Autonio’s NIOX Suite is designed with a single purpose in mind: to build a thriving community around algorithmic trading by giving investors the tools and technologies they need to navigate the crypto markets with profitability, privacy, and ease.
Autonio’s vision is underpinned by a robust offering of services. There is NIOX Swarm, a protocol that enables the creation of crowdsourced intelligent liquidity through a marketplace-based approach to market maker compensation, and NIOX Maker, an intelligent market maker that allows users to create markets affordably and at the touch of a button. With Autonio’s Artificial Intelligence Network and machine learning tools, investors can build and exchange models that enhance trading performance. Rounding out the roster is Autonio’s 0x-based DEX, which offers secure and reliable peer-to-peer trading, backed by automated trading tools and liquidity mining incentives.
INTEROPERABILITY: BUILDING BRIDGES TO DEMOCRATIZATION
The Knit Finance protocol bridges multiple real world and Crypto markets to allow convenient cross-chain asset fluidity based on insured custody. Its aim is to free DeFi from the constraints imposed by the lack of blockchain asset interoperability, thereby freeing up trillions of dollars in assets that cannot now be leveraged in DeFi services. Knit believes that true DeFi is possible only with the free movement of assets across blockchains.
Knit Finance also enables real-world assets, including stocks, gold, and fiat currencies, to be brought into the DeFi ecosystem. By offering these capabilities to banks and crypto newcomers, Knit hopes to further accelerate the transition from centralized to decentralized financial services.
About Autonio
Autonio Foundation is a decentralized autonomous organization built around developing accessible, easy-to-use and affordable trading tools and services for the DeFi ecosystem.
Autonio is building a prosperous community around algorithmic trading by democratizing access to intelligent automated trading tools and infrastructure. These tools make it easier for crypto traders to conduct trading analysis, deploy trading algorithms, exchange crypto currencies, sell their strategies and pool funds for trading purposes, all with profitability, security and ease.
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About Knit Finance
Knit Finance is a unique decentralized protocol that integrates its wrapped protocol across multiple chains, bridges, and real-world markets with yield farming, lending, trading, and margin services through smart contracts. Knit bridges multiple Blockchains, allowing both crypto and real-world assets to move across these chains as wrapped tokens.
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