Integration of Avalanche (AVAX) and Pangolin (PNG) into Knit Finance Multichain Platform

Knit Finance, a decentralized protocol for creating cross-chain wrappers for top-200 assets is on the verge of completing another partnership with Avalanche (AVAX) and Pangolin (PNG) into its Multichain Platform, to unlock DeFi opportunities for AVAX and PNG holders across chains.

A successful completion of the integration is expected at the end of May and this will give users the medium to move wrapped AVAX and PNG across different chains like BSC, ETH and many more.

Knit Finance will ensure a more seamless liquidity transfer between these networks after a successful integration which is scheduled to be completed by the end of May and therefore, this will make Knit Finance’s wrapped assets compatible with Avalanche and Pangolin ecosystem respectively.

Wrapped K-AVAX and K-PNG tokens for Cross-Chain Transactions

As the first decentralized smart contracts platform built for the scale of global finance and with an amazing near-instant transaction finality, Avalanche empowers fast, fair, and low-cost decentralized financial applications and assets to flourish. It is also bridged to all leading blockchain networks to enhance a unified ecosystem.

Users will be enabled by Knit Finance to maximize the potential of DeFi yields with the aid of multi-chain APY. knit users will also be eligible to access wrappers for their whole portfolio by using the insured custody.

About Avalanche

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box

About Knit Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It delivers all-market 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.

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