Posted 9 months ago | by Catoshi Nakamoto

Knit Finance’s integration will unlock DeFi opportunities for CTSI across multiple chains

1*fR4r94WPtEGtYngpCSy3bQ Knit Finance is Integrating Cartesi (CTSI) into its Multichain Platform

Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, is integrating Cartesi (CTSI) into its platform.

With Knit Finance, users can deposit tokens to an insured custody platform and mint k assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending and margin trading.

Wrapped K-CTSI tokens for Cross Chain Transactions

Knit Finance’s integration with Cartesi will involve the integration of K-CTSI on its multi-chain platform. This will allow CTSI to be transacted across multiple independent blockchains in a wrapped K-CTSI token model.

The Knit Finance integration will give CTSI holders an opportunity to leverage DApps on multiple chains. CTSI holders will be able to maximize DeFi yields with multi-chain APY optimization, utilizing access to more than one blockchain at a time. Knit users can maximize collateral security using the insured custody, and access wrappers for their entire portfolio. Knit Finance enables the k standard for tokens, which is a token wrapper for assets held in insured custody.

About Knit Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains 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. Making Assets which weren’t available before to trade on the chain you love in an secure and easy manner.

Follow Knit Finance across official channels:

Announcement Channel | Medium | Facebook | Reddit | Twitter | Youtube | Github | Website

About Cartesi

Cartesi is a multi-chain layer-2 infrastructure that allows any software developer to create smart contracts with mainstream software tools and languages they are used to while achieving massive scalability and low costs. Cartesi combines a groundbreaking virtual machine, optimistic rollups and side-chains to revolutionize the way developers create blockchain applications.

Follow Cartesi across official channels:

Announcement Channel | Medium | Reddit | Twitter | Youtube | Github | Website

Original article published on Cartesi’s Medium.

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g Knit Finance is Integrating Cartesi (CTSI) into its Multichain PlatformActivist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.