It is a pleasure for FinNexus to announce that we are about to launch a new partnership with KnitFinance, a leader in creating cross-chain wrappers for top crypto assets, allowing users to deposit to insured custody and mint k tokens.
Knit Finance allows users to maximize DeFi yields with multi-chain APY optimization. Knit users can maximize collateral security using the insured custody, and access wrappers for their entire portfolio.
The current partnership — the first step of what we believe will be a long and fruitful collaboration — will see FinNexus being integrated on Knit Finance’s multichain platform to allow its native FNX token to be transacted across multiple independent blockchains in a wrapped K-FNX token.
This will in turn both boost the circulation and overall spread of the FNX, while granting Knit Finance access to a new, rapidly growing token.
Both platforms are confident that this decision will further broaden our respective business reach, while providing our communities with new use-cases and growing the overall value of our projects.
FinNexus is one of the chief options platform operating in DeFi, currently live on Ethereum, Binance Smart Chain (BSC) and Wanchain. FinNexus is creating a suite of protocols, offering various products and services across various chains and networks.
About Knit Finance
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It delivers all-market bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s k tokens.