TribeOne X Knit Finance
We’re glad to announce our strategic partnership with Knit Finance, a DeFi platform that strategizes and focuses on cross-chain and multichain synthetic assets.
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It also bridges multiple non-Ethereum chains with ERC-20, thereby lowering barriers for independent blockchains.
Through this partnership, Knit Finance will integrate TribeOne native token $HAKA on its multichain platform to issue wrapped K-HAKA tokens. This would allow the $HAKA token to be transacted across multiple blockchains in a wrapped token state.
Adding to the benefits of this partnership, TribeOne will now be able to leverage the following features:
- Enable multichain interoperability, as Knit Finance will integrate $HAKA on its multichain platform.
- Enable the TribeOne users to conduct cross-chain transactions smoothly.
- Liquidity on a single chain will now be available on multiple chains, enabling TribeOne to provide loans & lending options for both NFTs and crypto-assets on multiple chains.
With the aim to upgrade the DeFi space, Knit Finance implements a unique feature to their platform, which gives users the ability to use DeFi across non-participating ERC20, DeFi platforms, and assets.
Knit Finance being the first of its kind decentralized protocol that takes advantage of smart contracts to unite DeFi pools with billions of assets from non-ERC-20 chains. TribeOne being the first NFT and DeFi funding platform backed by RAROC technology, aims to break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole.
Together Knit Finance and TribeOne open up to a world of possibilities in the DeFi and NFT sphere by developing a standard for non-ERC-20 tokens to convert into synthetic ERC-20 tokens.
“This integration with Knit Finance will enable TribeOne to have access to their progressive multichain and cross-chain asset technology. Together we aim to redefine the DeFi sphere as a whole.”
-Tan Ahmad, Director of Partnership
“We always look forward to joining hands with projects and teams to support their protocol with our K-Assets and to add extra value to our platform. This integration will also allow us to drive joint operations to explore new avenues in DeFi space and enhance our user experience to a different extent. Thus, the entire Knit Finance team is excited to have TibeOne along with us on this journey”
- Sainath Gupta, CEO
About Knit Finance
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains 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. Making Assets that weren’t available before to trade on the chain you love in a secure and easy manner.
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About TribeOne
TribeOne is the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology. TribeOne is extensively an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience; to the users through its innovative consumer-centric products. The platform will break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole. Providing the community with a platform to lend, borrow and invest in crypto assets and NFTs. Therefore, offering an unconventional experience for all.
