Knit Finance to integrate Avalanche (AVAX) and Pangolin (PNG) tokens into its Multichain Platform
Integration will unlock DeFi opportunities for AVAX and PNG holders across chains.
Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, is integrating Avalanche into its platform. PNG, the native token of Pangolin, a community-driven decentralized exchange for Avalanche and Ethereum assets, will also be part of the initial integration.
Upon completion of the integration, which is expected to be completed by the end of May, users can move wrapped AVAX and PNG tokens across multiple chains like Ethereum, Matic, Polkadot, BSC and more. Knit Finance’s wrapped assets will also be compatible with the Avalanche ecosystem, enabling more seamless liquidity transfer between networks