Knit Finance partners with Dragonchain to integrate DRGN tokens in its Multichain Platform by Developing Wrapped K-DRGN tokens
Knit Finance is excited to announce its partnership with Dragonchain, an enterprise, and start-up-ready platform to build flexible and scalable blockchain applications.
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, Dragonchain (DRGN) token will be integrated on Knit Finance’s multichain platform to allow DRGN token to be transacted across multiple independent blockchains in a wrapped K-DRGN token.
Wrapped K-DRGN tokens for Cross-Chain Transactions
Dragonchain provides a flexible, hybrid blockchain platform for businesses to rapidly deploy advanced applications, and integrate quantum-safe capabilities with existing systems. With no mining involved, its community acts as a decentralized validation, diversity, and notary service.
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 Dragonchain’s native token DRGN on its multi-chain platform. This will allow DRGN tokens to be transacted across multiple independent blockchains in a wrapped K-DRGN token model.
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.
Dragonchain is a U.S.-based technology leader, offering Blockchain as a Service with security and scalability at the forefront of its operations. Dragonchain’s public/private hybrid blockchain platform combines high performance and ease of use, allowing enterprises to build and deploy blockchain solutions and smart contracts in a matter of minutes.
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