On November 24, Knit Finance established a relationship with TrustFi Network. Knit Finance intends to include the TrustFi Network into its Multi-chain platform. TrustFi Network is essentially a DeFi-specific decentralised BaaS solution. It is a full collection of diverse products upgraded by TrustFi, which further comprises the IDO General Protocol (dubbed TrustFi Alpha), the Decentralized Staking Contract (dubbed TrustFi Beta), and the Providing Liquidity Mining model (“PLM”). Every one of these elements is a critical component of the DeFi infrastructure already in place on Web 3.0.
Partnership Important Points
- TrustFi Network will be integrated into Knit Finance’s multi-chain system.
- Assets from the TrustFi Network will be transferable across several chains.
- TrustFi Users can establish choices to stake, loan, borrow, and margin trade across various chains using their wrapped kTFI.
- When Knit Finance introduces new network chains, TrustFi Network members will exchange in many more network chains.
- TrustFi Network members will have more alternatives for staking benefits in the form of K-Assets in the guaranteed custodian system.
- K-Assets will be tradable on the TrustFi System as well.
- Knit Finance customers will also be able to store NFT assets on the TrustFi System.
About Knit Finance
Knit Finance is a one-of-a-kind decentralised protocol for developing cross-chain wrappers for the Top-200 assets. It provides all-market gateways to guarantee asset mobility across chains and enables institutions, programmers, farms, and dealers to access trustworthy custody to mint Knit’s k tokens.
About TrustFi Network
There is a shortage of convenient and straightforward liquidity management solutions to assist companies in locking and releasing liquidity and unlocking the possibilities of on-chain DAO to develop an equal DeFi ecosystem, and TrustFi has proven to be a lifesaver. TrustFi Network is a DeFi-focused multi-chain-based decentralized BaaS system that emphasizes cash flow management, community events, early crypto-asset issuance, and DAO administration to unlock the full potential of DeFi.