Knit Finance partners with Dash to develop wrapped K-DASH tokens and enable Cross Chain Transactions and enable staking and yield on Dash coin

Knit Finance partners with Dash to develop wrapped K-DASH tokens and enable Cross Chain Transactions and enable staking and yield on Dash coin

By KnitFinance | KnitFinance | 11 May 2021


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Knit Finance is excited to announce its partnership with Dash, a cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.

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 assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending and margin trading.

Through this partnership, DASH will be integrated onto Knit Finance’s multi-chain platform and wrapped K-DASH tokens will be developed. Dash and Knit Finance will also work together to create marketing awareness among users.

Wrapped K-DASH tokens for Cross Chain Transactions

Since its launch in 2014, Dash has become the leading cryptocurrency for daily transactions with a huge merchant network providing great value for its users.

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 Dash on its multi-chain platform. This will allow DASH tokens to be transacted across multiple independent blockchains in a wrapped K-DASH token model.

Dash and Knit Finance will also work together to synergize their tech and use their respective networks to create marketing awareness among users. Felix Mago, Co-Founder of Dash NEXT comments on this partnership: “Dash has always been focussing on user experience and bringing value to people. We believe that Working with Knit Finance is a great opportunity for both projects to create new value within a blockchain ecosystem moving to cross-chain solutions. Users will be able to use Dash seamlessly across chains and ecosystems.”

About Knit Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains 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. Making Assets which weren’t available before to trade on the chain you love in an secure and easy manner.

About Dash

Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralized peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.

KnitFinance :

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KnitFinance is an unique decentralized protocol that combines synthetics across multiple chains, Bridges, and real world markets with yield, lend, trade and margin services through smart contracts. This also gives cross chain liquidity aggregation in a Co


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KnitFinance

Unlocking True Potential of Multichain DeFi https://t.me/knitfinance https://twitter.com/KnitFinance

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