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What is Knit Finance (KFT)?

Knit.Finance is the pioneering wrapped protocol designed to create cross-chain wrappers for leading multi-asset classes on Polkadot. Users can deposit assets into insured custody and mint wrapped K-Assets on any blockchain. This opens up DeFi opportunities for nearly $2 trillion worth of assets and alleviates congestion on Ethereum, facilitating DeFi ecosystem growth on other blockchains. All deposited assets are backed by real-world insurance, enabling large-scale deployment with minimal risk for both individuals and institutions. PROJECT OVERVIEW: WHAT IS KNIT FINANCE Knit.Finance is the world's first cross-chain wrapped protocol for multi-asset classes leveraging Polkadot’s ecosystem. Approximately 97% of crypto assets, totaling close to $2 trillion, lack access to DeFi features. Many...

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