Knit Finance KFT
1. Summary
- Price
-
$0.002701120000 +6.2%
- Market Cap
- $137,607.00 (#6331)
- Supply
- 54.10M / 100.00M
- Description
-
Knit Finance (KFT)
Knit Finance (KFT)
Knit Finance is a decentralized protocol for creating cross-chain wrappers for assets. The project aims to bridge the gap between different blockchain formats by allowing users to deposit assets into insured custody and mint k-assets, which are 1:1 equivalent in value and can be traded, staked for yield, lent, and used for margin trading across multiple chains. This provides DeFi features to multi-class assets that were previously inaccessible.
Key Features
- Asset Wrapping: Knit Finance creates 1:1 equivalent assets wrapped across multiple blockchains, facilitating interoperability.
- Insured Custody: Deposited assets are held with insured custody, providing users with an additional layer of security.
- Multi-Chain Integration: Knit Finance operates on Polkadot, Ethereum, and Binance Smart Chain, allowing for asset integration across these networks.
- Smart Contracts: The protocol uses smart contracts for yield, lending, trading, and margin services.
Technologies Used
- Substrate: The core components are built on Substrate.
- Polkadot: Provides a large ecosystem, enhancing the potential for adoption.
- Ethereum Blockchain: Used for its extensive DeFi ecosystem.
- Binance Smart Chain: Allows for fast, low-cost, and cross-chain asset transfers.
- Solidity: Used for the programming language for smart contracts.
Key Goals
- DeFi Accessibility: Enabling non-ERC20 and non-DeFi assets to participate in DeFi activities.
- Liquidity Flow: Facilitating the flow of billions of dollars in liquidity into different DeFi asset classes.
- Market Expansion: Enabling the expansion of DeFi to other asset classes, such as stocks, gold, and bonds.
| Price | |
| 52W High price | $0.006163672700 |
| 52W High date | 17th Oct 2023 (1 year ago) |
| All Time High (ATH) Date | 2nd Sep 2021 (3 years ago) |
| ATH Price | $3.33 |
| % From ATH | -99.91% |
| All Time Low (ATL) Date | 6th Dec 2022 (2 years ago) |
| ATL Price | $0.002710180000 |
| % From ATL | 12.09% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2,203.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 54.10M |
KFT
How does Knit Finance's (KFT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-21.6%
KFT
-7.5%
Similar Market Cap
60 Day Return
-20.0%
KFT
-18.8%
Similar Market Cap
1 Year Return
-47.6%
KFT
11.5%
Similar Market Cap
We're monitoring 10 Knit Finance GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Knit Finance Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 7
- Past year: 0 commits vs. an average of 104
Most Active Repos
| Past week | 167 |
|---|---|
| Past 12 weeks | 453 |
| Past year | 894 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 477 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 364 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 172 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 9 |
| Past year | 168 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 2 |
| Past year | 17 |
Top Developers 2024
In total, 109 developers have contributed to Knit Finance over the past year. Who are the most active Knit Finance developers, by commits, over the past year?
Related Projects
Developers working on Knit Finance also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 6,995 |
| Twitter followers | 39,648 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://knit.finance |
|---|---|
| Explorer | https://etherscan.io/token/0xEF53462838000184F35f7... |
| @knitfinance |
What is the correct contract address for Knit Finance?
| Ethereum | 0xef53462838000184f35f7d991452e5f25110b207 |
|---|---|
| Binance-smart-chain | 0x1b41a1ba7722e6431b1a782327dbe466fe1ee9f9 |
Has Knit Finance been audited for security?
No security audits found for this project.
Are you the owner of Knit Finance? Edit it here
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