Knit Finance partners with Edgeware to integrate EDG tokens in its Multichain Platform by Developing Wrapped kEDG tokens
Knit Finance is excited to announce its partnership with Edgeware, a self-improving smart contract blockchain built on the Polkadot ecosystem, utilizing Wasm to enhance its self-upgrading features.
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, Edgeware’s native token EDG will be integrated on Knit Finance’s multichain platform to allow EDG token to be transacted across multiple independent blockchains in a wrapped kEDG token state.
Wrapped kEDG tokens for Cross-Chain Transactions
Edgeware is an ecosystem for the next generation of decentralized applications. It is a smart contract chain with a community-managed treasury, decentralized proposal system, and network of DAOs. Edgeware helps people more easily connect, share skills, and receive funding for new projects as part of the existing ecosystem and beyond.
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 Edgeware’s native token EDG on its multi-chain platform. This will allow EDG tokens to be transacted across multiple independent blockchains in a wrapped kEDG token model.
About KnitFinance
KnitFinance 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.
Official Website : https://knit.finance/
Twitter : https://twitter.com/KnitFinance
Blog : https://knitfinance.medium.com/
Telegram : https://t.me/knitfinance
About Edgeware
Edgeware is a community-owned, fairly distributed, self-sustainable blockchain ecosystem built on Substrate with on-chain governance and a collectively managed treasury, enabling users to fund the chain’s development and teams to build projects
Official Website : https://edgewa.re/
Twitter : https://twitter.com/HeyEdgeware/
Discord : https://discord.gg/tDxgyxym
Discussion+Governance Forum : https://commonwealth.im/edgeware/
