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KNIT Finance is a platform that enables Decentralized Finance (DeFi) for Non-ERC20 and Non-DeFi participant platforms and assets. The solution is a Cross-chain Wrapped Assets system that is interoperable across various Blockchains. The aim is to unlock trillions of dollars of potential assets and open DeFi to the masses. By targeting non-ERC20 or non-DeFi crypto assets initially, the platform can decongest the main chain of Ethereum and enable the creation of billions of dollars of additional liquidity from any asset class to flow into the DeFi ecosystem. The platform's capabilities could be expanded to asset classes such as Tesla shares, Gold bonds, and others.
The whitepaper presents the capabilities, impact potencies, and market delivery structure of KNIT Finance's multichain solution as it opens the door of Decentralized Finance to the numerous Blockchains available in the crypto-economy. The platform's goal is to provide additional avenues for the larger ecosystem to access DeFi and promote the growth of the industry.
