Knit Finance partners with Dash to develop wrapped K-DASH tokens and enable Cross Chain Transactions and enable staking and yield on Dash coin
Knit Finance is excited to announce its partnership with Dash, a cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.
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 assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending and margin trading.
Through this partnership, DASH will be integrated onto Knit Finance’s multi-chain platform and wrapped K-DASH tokens will be developed. Dash and Knit Finance will also work together to create marketing awareness among users.
Wrapped K-DASH tokens for Cross Chain Transactions
Since its launch in 2014, Dash has become the leading cryptocurrency for daily transactions with a huge merchant network providing great value for its users.
Knit Finance allows users to maximize DeFi yields with multi-chain APY optimization. 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.
Knit Finance’s exciting collaboration will involve the integration of Dash on its multi-chain platform. This will allow DASH tokens to be transacted across multiple independent blockchains in a wrapped K-DASH token model.
Dash and Knit Finance will also work together to synergize their tech and use their respective networks to create marketing awareness among users. Felix Mago, Co-Founder of Dash NEXT comments on this partnership: “Dash has always been focussing on user experience and bringing value to people. We believe that Working with Knit Finance is a great opportunity for both projects to create new value within a blockchain ecosystem moving to cross-chain solutions. Users will be able to use Dash seamlessly across chains and ecosystems.”
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.
Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralized peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.