Knit Finance will integrate FIRO to enable Cross Chain Interoperability.
Knit Finance is thrilled to announce its collaboration with FIRO, a digital currency with a focus on setting privacy standards. Firo, formerly Zcoin, has been the gold standard of trustless, on-chain privacy since 2016. Firo is a distributed, worldwide, decentralized digital money that focuses on keeping your transactions anonymous. It has accomplished this with Lelantus, a next-generation privacy protocol developed by Aram Jivanyan at Firo. Lelantus allows you to burn your coins, which hides them in an anonymity set of over 65,000.
Additionally, the Knit Finance + FIRO collaboration will create awareness to each other’s communities on their respective projects.
Firo integration onto Knit Finance multichain platform will encourage more users within the community to join the platform and use their native currency to facilitate cross chain transactions. Users will be able to transfer K-Firo across different networks where they can Trade, lend, Borrow and Stake for which yield will be rewarded in the form of airdrops.
Highlights of Knit Finance + FIRO
- Firo token will be integrated into Knit Finance multi chain platform.
- K-Firo assets will be minted on Knit Finance platform, which will be backed 1:1 by their native assets.
- Users will be able to transfer those k-Assets across multiple networks and participate in the DEFI ecosystem.
- K-Firo assets will also have the opportunity to be tradable on knit Finance partner’s platform where assets are listed for trading and payment.
- Knit Finance K-Assets will also be made available into the FIRO ecosystem later down the line when the Wallet service and Cross Chain platform goes live.
About Knit Finance
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.
Follow Knit Finance across official channels:
Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website
About FIRO
Firo is a digital currency with a focus on setting privacy standards.
Firo, formerly Zcoin, has been the gold standard of trustless, on-chain privacy since 2016.
Firo is a distributed, worldwide, decentralized digital money that focuses on keeping your transactions anonymous. It has accomplished this with Lelantus, a next-generation privacy protocol developed by Aram Jivanyan at Firo. Lelantus allows you to burn your coins, which hides them in an anonymity set of over 65,000. The receiver can redeem it from this anonymity pool, which breaks the links from your transaction and all the previous ones it has been through.
Follow FIRO across official channels:
