Knit

Knit Finance is a cross-chain DeFi protocol that enables the creation of wrapped synthetic assets (K-Assets) for the top 200 crypto assets across multiple EVM-compatible blockchains. Users deposit assets into insured custody and mint 1:1 K-Assets that can move freely across supported chains while retaining staking capabilities for DPoS assets with airdropped incentives. The protocol focuses on unlocking the full potential of DeFi by bridging liquidity from non-EVM ecosystems into the broader decentralized finance landscape. Knit Finance raised $1 million in seed funding in May 2021 from investors including LD Capital, Bitcoin.com, Momentum 6, Chronos Ventures, and pSquare Capital. The project provides insured custody solutions as a trust layer for cross-chain asset movement, targeting DeFi users who want to access liquidity across chains without sacrificing asset security.