Knit Finance partners with Harmony to integrate its multichain solutions and accept $ONE tokens
Knit Finance is delighted to announce its partnership with Harmony, a sharding protocol with a trustless Ethereum bridge with the mission of scaling Ethereum applications and cross-chain finance.
Knit Finance unlocks the full potential of DeFI by bridging the entire crypto ecosystem to DeFi using a wrapped protocol.
Through this collaboration with Harmony, Knit Finance will integrate its multi-chain solutions to the platform while enabling $ONE tokens to be used in its marketplace.
Wrapped Protocol for Cross-Chain Finance
Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). It strives to be a top blockchain for cross-chain finance with superior scalability and interoperability. It bridges with Bitcoin and Ethereum to enable new finance applications.
Knit Finance is the next generation of DeFi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. It creates a new standard that allows non-ERC-20 coins to be converted into wrapped ERC-20 tokens. By using Knit Finance’s wrapped protocol, stocks, gold, and even fiat among other real-world assets can be brought into the DeFi ecosystem.
In this exciting partnership, Knit Finance collaborates with Harmony to give its users the ability to use their native $ONE token as a payment instrument in its marketplace.
Concurrently, Harmony will use KnitFinance’s multi-chain solution to make tokens accessible on multiple chains and take a step towards its goal of cross-chain finance.
Harmony is a sharding protocol with a trustless Ethereum bridge. Harmony developers can use Ethereum tooling such as Solidity and Ether.js. Users can also seamlessly swap Harmony and Ethereum assets. Harmony is able to achieve 2-second finality for fast transactions and is able to support 1000 delegating stakers for secure shards. Similar to layer 2 protocols, Harmony is now fully interoperable with the Ethereum ecosystem.
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, lend, trade, and margin services through smart contracts. KnitFinance bridges multiple non-Ethereum chains with wrapped tokens. Any asset can be leveraged within Ethereum DeFi and implemented into liquid lending and trading.
KnitFinance Social Media
Telegram : https://t.me/KnitFinance
Twitter : https://twitter.com/knitfinance
Harmony Social Media
Telegram : https://t.me/harmony_one
Twitter : https://twitter.com/harmonyprotocol