Due to the incompatibility of different formats, blockchains form isolated islands with their own users, dApps and assets, which makes it very difficult to move assets or data from one chain to another
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the 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. Assets that are deposited to KNIT are held with an insured custody
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