Knit Finance will integrates DIA into its EVM compatible Multichain Platform
Knit Finance is pleased to announce its partnership with DIA.
DIA is an open-source financial information platform that allows market actors to supply, share and use transparent, crowd-verified data and oracles for DeFi apps.
DeFi applications are reliant on trustable and scalable data feeds to build reliable products and avoid exploitation and manipulation. DIA provides full transparency on sources and methodologies used. Moreover, as DIA data-sourcing is not centralised, it provides a perfectly scalable infrastructure.
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 partnershipKnit Finance will integrate DIA’s open-source and transparent oracles into its cross-chain wrapper protocol. This integration will enable the platform to access accurate crypto and traditional asset price points on-chain via layer 1 and layer 2 networks.
Sainath G, CEO, Knit Finance says:
We always look forward to joining hands with projects to support our K-Assets and to add extra value existing cross chain platform . This integration will also allow us to drive joint operations to explore new avenues in DeFi space and enhance our user experience to a different extent.
Michael Weber, DIA Associate President adds:
“One of DIA’s main pillars is to work towards cross-chain interoperability across different L1 and L2 Networks. We are thrilled to support projects like Knit Finance who work towards improving the cross-chain fluidity of digital assets.”
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 DIA
DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.
Follow DIA across official channels:
Blog | Telegram | Twitter | Website | Youtube | DIA Token | DIA Labs
