Knit Finance and KardiaChain have teamed together to integrate $KAI into the Multichain Platform and issue wrapped K-KAI for cross-chain transactions

Knit Finance and KardiaChain are teaming up to integrate $KAI into Knit’s multi-chain platform. Furthermore, for smooth cross-chain transactions, the protocol will issue wrapped K-KAI tokens.

Knit Finance’s multi-chain APY optimization lets users to optimize DeFi yields. Knit Finance uses the K standard, a token wrapper for assets held in insured custody, to unlock liquidity across various chains and real-world marketplaces.

In Vietnam and the Southeast Asian region in general, KardiaChain is a leading market provider of interoperability and hybrid blockchain solutions for businesses and governments.

The convergence of Knit Finance and KardiaChain would prove helpful to both parties as they establish new and innovative pathways in respective ecosystems.

About KardiaChain

KardiaChain is Vietnam’s and Southeast Asia’s first decentralized interoperable blockchain infrastructure. The platform works with key service providers to decentralize their existing products and provides hybrid blockchain solutions for governments and corporations in the region.

About Knit Finance

Knit Finance is a top DeFi technology that uses the k token standard to wrap both crypto and traditional assets. It provides all-market bridges so that institutions, developers, farmers, and traders can access cross-chain liquidity for any asset type across many chains with ease. To reduce risk, minting K-tokens is backed by insurance custody.