Knit Finance will incorporate DIA into their EVM-friendly Multichain Platform.

Knit Finance has excitedly announced its collaboration with DIA.

DIA is an open-source financial information platform that allows market participants to supply, distribute, and utilise crowd-verified data and oracles for DeFi apps. To design dependable solutions and avoid exploitation and manipulation, DeFi apps rely on reliable and scalable data sources. The DIA is completely transparent about the sources and procedures it employs. Furthermore, because DIA data is not centralized, it provides a highly scalable architecture.

Knit Finance is a decentralized system that allows you to create cross-chain wrappers for the top 200 assets. Users can deposit to insured custody and mint k tokens using Knit Finance. Knit Finance will incorporate DIA’s open-source and transparent oracles into its cross-chain wrapper protocol as a result of this agreement.

The platform will be able to get accurate crypto and traditional asset price points on-chain via layer 1 and layer 2 networks as a result of this integration.

In His statement, Knit Finance CEO, Sainath G said:

“We always look forward to joining hands with projects to support our K-Assets and to add extra value existing cross chain 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.”

Michael Weber, DIA Associate President also added this:

“One of DIA’s main pillars is to work towards cross-chain interoperability across different L1 and L2 Networks. We are thrilled to support projects like Knit Finance who work towards improving the cross-chain fluidity of digital assets.”

This partnership is just one out of the many more strategic partnerships Knit Finance will be making in 2021. Stay tuned for more updates…

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.

Follow Knit Finance across official channels:

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

Follow DIA across official channels: