Knit Finance will incorporate DIA into its Multichain Platform, which is EVM compatible
DIA is an open-source financial data and oracles platform that allows market participants to contribute, exchange, and utilise transparent, crowd-verified data and oracles for DeFi applications.
To develop dependable solutions and avoid exploitation and manipulation, DeFi apps rely on trustworthy and scalable data sources. The DIA discloses all sources and techniques used. Furthermore, because DIA data is not centralized, it offers a highly scalable architecture.
Knit Finance is a decentralized system that allows you to create cross-chain wrappers for the top 200 assets. Users can deposit to insured custody and mint k tokens using Knit Finance.
Knit Finance will include DIA’s open-source and transparent oracles into its cross-chain wrapper protocol as a result of this cooperation. The platform will be able to obtain accurate crypto and traditional asset price points on-chain via layer 1 and layer 2 networks as a result of this integration.
Knit Finance is always eager to collaborate on initiatives that will support their K-Assets and provide value to their existing cross-chain platform. This connection will also enable Knit Finance to conduct collaborative operations in order to explore new DeFi paths and improve the user experience to a greater level.
Working on cross-chain interoperability across multiple L1 and L2 networks is one of DIA’s major pillars. They are ecstatic to be able to assist initiatives like Knit Finance, which are working to improve the cross-chain fluidity of digital assets.
About Knit Finance
Knit Finance is a decentralized system that allows you to create cross-chain wrappers for the top 200 assets. It provides all-market bridges to maintain asset fluidity across chains and allows institutions, developers, farmers, and traders to mint Knit’s k tokens via trusted custody.
DIA (Decentralised Information Asset) is an open-source financial information platform that sources and validates data using crypto-economic incentives. Financial and digital asset data can be supplied, shared, and used by market participants.