KnitFinance is the first Polkadot-based cross-chain wrapped protocol that brings multiple assets to every compatible blockchain network. It enables real-world insured wrapped tokens so digital and lockable assets can be stacked for yield, lent, borrowed, margin traded, and farmed. KnitFinance locks assets with custodians that are insured up to $350 million, aiming to bring real-world insurance into DeFi and unlock large pools of idle assets. The beta version has been live since December and already supports wrapped assets on five chains; the project says 30 additional renowned projects have partnered and will announce partnerships soon. The team is preparing for a Dao Maker SHO on May 17 and plans to list Knit tokens on top-tier centralized exchanges including Binance, Huobi Global, OKEx, KuCoin, and Gate.io. Knit raised $1 million in its latest fundraising round and says investors are helping bootstrap liquidity on Uniswap and support global and regional marketing efforts.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

May 2021