Knit Finance will incorporate the UniLend Ecosystem to facilitate interoperability across chains

Knit Finance will incorporate the UniLend Ecosystem to facilitate interoperability across chains.

Unilend will be available on numerous network chains allowing users to partake in defi possibilities as a result of this relationship.

UniLend is a permissionless DeFi protocol that integrates spot trading with lending/borrowing functions on a single platform.

Highlight of the partnership

  • Unilend has been integrated into Knit Finance’s multi-chain platform.
  • Assets from Unilend will be traded across several blockchains.
  • Unilend users may design options to stake, lend, borrow, and margin trade across different chains using their wrapped kASSETS.
  • When Knit Finance introduces new network chains, Unilend users will have the ability to trade in more network chains.
  • In the assured custodian model, Unilend token holders will have more possibilities for receiving benefits for staking in the form of K-Assets.
  • Knit Finance K-Assets will be traded on the Unilend platform as well.
  • Tokens posted on the Knit Finance platform will have the option of being listed on partner platforms such as Crypto Wallets, Staking Partners, and Custody Service Providers, which will help to secure user cash.

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 from trustworthy custody.

About Unilend Finance

UniLend is a permissionless DeFi protocol that integrates spot trading with lending/borrowing functions on a single platform. UniLend allows anybody to publish any ERC20 asset for decentralized trading and lending/borrowing, whereas other DeFi protocols only accept about 30.

UniLend’s objective is to expand the DeFi sector to include the $29 billion in ERC20 tokens that are now excluded, thus its slogan, “unlocking the real potential of decentralized finance.”

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