Stakin x Knit Finance - Exploring Staking Possibilities

Knit Finance

Sep 17, 2021

2 min read

Stakin x Knit Finance - Exploring Staking Possibilities
  • Stakin and Knit Finance will be exploring liquid staking possibilities to make multiple assets usable for DeFi solutions.
  • Stakin and Knit Finance will also look into Knit Finance users’ possibilities to earn additional value opportunities by staking their native assets.

Stakin is thrilled to announce our new collaboration with the Knit Finance project, a multi-chain wrapped asset and liquid staking protocol enabling the issuance of representative tokens on multiple chains 1:1 backed by native assets.

With this partnership, both parties will be exploring different staking opportunities. Furthermore, Knit Finance users will benefit from earning additional value opportunities by staking their native token. At the same time, original assets will be insured by custodians and generating staking rewards. Users can also use their wrapped kAssets for trading, lending, margin trading, and liquidity provisions, in addition to normal APY from staking.

Highlights of the collaboration are:

  • The liquid staking opportunities for users, which make multiple Decentralized Finance (DeFi) crypto assets usable.
  • Knit Finance users will be allotted 1:1 backed by the native assets deposited to stake and used for trading.

About Knit Finance

Knit Finance is a unique, decentralized protocol that creates cross-chain wrappers for over 200 top digital assets. The project ensures comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody and mint Knit assets through all-market bridges.

Knit Finance is an insured custody wrapping protocol, issuing assets on multiple chains; right now, Ethereum, Matic, Fantom, Hecochain, Binance Smart Chain, and Moonbeam are currently available to test on soon, they’ll be supporting more crypto assets.

For more information on Knit Finance, look at their Website, Twitter, Reddit, Github, or Medium.

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering delegation services. The company enables PoS cryptocurrency holders to earn interests on their holdings and take part in decentralized governance in a strictly non-custodial manner.

Stakin serves institutional crypto players, foundations, custodians, exchanges as well as a large community of retail token holders. Driven by demand from institutional customers and the community, Stakin provides services for multiple blockchains, including leading ecosystems such as Cosmos, Solana, Polygon, Polkadot, and more.

For more information about Stakin, visit the Website, Twitter, Blog, or join the Telegram and Discord community.

DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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