One of the ways in which the top 200 digital properties create cross-chain wrappers through an exclusive decentralized protocol is called Knit Finance. It allows traders, farmers, developers, and institutions to warrant secure cross-chain uncertainty of assets by building bridges to tap into reliable custody service to mint ‘K-Assets’.
Users can choose the Ethereum network with any crypto using the platform of Knit Finance. Beneficiaries can place any important digital asset such as XEM, DOT, FIL, or ADA on yield farms, collateral, margin, lending, liquidity pools, or leading digital exchanges. Altcoins that do not exist on BSC, Polkadot, Ethereum, or any other L1 platform can now find new possibilities on Knit’s ‘K-Assets’.
As a consequence of this joint venture, DIA’s open-source and transparent oracles will be integrated with Knit Finance into its cross-chain wrapper protocol. The platform can now access trusted, accurate, and transpicuous crypto and traditional asset price points on-chains via this integration on various layer 1 & 2 networks.