March 11th, 2022 at 9:50 pm UTC · 2 min read
Knit Finance has announced its partnership with Bitgert chain, a multichain blockchain that is already causing a lot of excitement in the industry. This is good news for the Bitgert chain users, who will now enjoy better flexibility on the Knit Finance platform.
By integrating the Bitgert chain into its multichain wrapping protocols, Knit Finance will enable Brise chain users to transact across multiple chains. They can use their wrapped K-BRISE to create a range of options to lend, borrow, stake as well as margin trades across multiple chains.
The good thing about Knit Finance is that wrapped tokens or the synthesized token (K-Token) and the original token represent each other in a 1:1 ratio. Therefore, no loss is occasioned by the wrapping of the tokens.
Bitgert offers revolutionary features that make the project stand out. First, it has a range of projects ranging from DeFi, Metaverse, Web, and much more
But what makes Bitgert unique right now is the powerful BRC20 blockchain. This is a blockchain that has a zero gas fee mechanism, which alleviates the problem of the expensive gas fee. It is also the fastest blockchain, with a throughput of 100,000 transactions per minute.
Bitgert project is also developing fast with multiple products, including the BRC20 chain, released within 120 days of the launch. It is one of the fastest-growing crypto projects of 2022.
With this integration, Bitgert will provide liquidity to trade wrapped tokens for its native token on BRC20.
Trading across multichain is now easy with this integration. It will open up the Bitgert chain to more users on other networks that would like to use the zero gas fee Brise chain.
Bitgert users will enjoy trading on more chains in the future that Knit Finance will add. In addition to that, all K-Assets will be tradeable across the Brise trading platform in the future.
Therefore, the partnership is a win for the Bitgert community as the $BRISE credibility is going to increase by this integration.