Knit Finance Price(KFT)

Knit Finance is designed to break down barriers between isolated blockchain ecosystems, allowing users to move assets effortlessly. At its core, the protocol enables users to deposit their digital assets into insured custody, after which they can mint what are known as wrapped assets, or kAssets. These kAssets hold 1:1 value equivalency to the original digital assets and can be utilised across multiple blockchain networks.

The primary objective of Knit Finance is to create a bridge—both literal and metaphorical—connecting diverse blockchains, enabling users to transfer their assets securely. This process not only enhances interoperability but also promotes liquidity among different blockchain platforms, making Knit Finance a vital player in the evolving landscape of decentralised finance (DeFi).