Knit Finance and Razor Network have partnered to integrate $RAZOR Tokens and Issue Wrapped K-RAZOR on Knit Finance’s multichain platform
Knit Finance announced a partnership with Razor Network, a genuinely decentralized Oracle network that enables DeFi solutions to access real-world data via secure real-time Oracle data feeds.
Knit Finance is a decentralized system for generating crypto-to-real-world asset cross-chain wrappers. Users can deposit into insured custody and mint K-Assets via the protocol. Knit’s one-of-a-kind approach would eventually aid in achieving interoperability between multiple chains and promoting asset cross-chain fluidity.
Knit will use Razor’s native token RAZOR on its multichain platform to issue wrapped K-RAZOR tokens as part of this agreement. In a wrapped token form, this would allow RAZOR tokens to be transacted across several blockchains.
Cross-Chain Transactions using Wrapped K-RAZOR Tokens
Razor Network is a decentralized Oracle network that provides dependable real-world data feeds for a variety of blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, and Prediction Markets, among others. The network creates a genuinely decentralized and highly secure data source that is immune to censorship, server outages, hacking, single points of failure, and other security threats.
Because Razor’s Oracle network is guarded by a highly efficient Proof of Stake network for checking data authenticity and providing maximal game-theoretical security, it is more safe and efficient than traditional centralized oracle services.
Razor is also blockchain agnostic, allowing it to be readily integrated into smart contracts on a wide range of blockchains. Razor Network intends to minimize blockchain applications’ overreliance on centralized and unreliable data sources with its robust, end-to-end solution.
Knit Finance is a one-of-a-kind decentralized technology for generating asset cross-chain wrappers. Knit Finance allows users to deposit to insured custody and mint k assets, which are 1:1 equivalent in value and may be traded, staked for yield, lending, and margin trading on different chains.
Knit uses standard insurance to ensure the highest security of placed collateral. Users may obtain wrappers for their entire portfolio on a single platform, allowing them to maximize DeFi yields with multi-chain APY optimization.
Knit Finance will integrate Razor Network’s (RAZOR) token on its multichain platform as part of this newest agreement. Knit’s cross-chain bridge will allow users to trade RAZOR tokens across multiple blockchains in a wrapped K-RAZOR, enabling dex-based trading, staking, lend, margin, and borrow.
About Knit Finance
Knit Finance is a decentralized protocol that unifies yield farming, lending, trading, and margin services through smart contracts across different chains, bridges, and real-world marketplaces. Knit connects numerous non-Ethereum blockchains, allowing crypto and real-world assets to be moved as wrapped tokens across them.
About Razor Network
Razor Network is a decentralized Oracle network that provides secure and dependable real-world data feeds for a variety of blockchain-based applications and services, including Decentralized Finance, Identity, Insurance, and Prediction Markets, among others.
Razor Network uses Validators on a Proof of Stake network to supply data to smart contracts. Razor is also blockchain agnostic, allowing developers to quickly connect it into a variety of blockchain networks.
