Dapp Factory Partners with Knit Finance
A healthy token economy requires that most tokens are held off the market and not available for selling in the open market. Vesting is a practice of restricting the sale of a token for a particular period of time.
By locking up tokens, projects prevent dumpers from crashing the price as soon as the token gets listed on any exchange. It also disables the developers to sell off right after the token trading goes live. Hence, protecting the holders’ interests.
By using Dapp Factory vesting contracts, Knit Finance will be able to seamlessly implement and offer all these investor-oriented features to its community.
Benefits of The Partnership
- Dapp Factory’s game-changing solutions will allow Knit Finance to create their token vesting without having to write any code.
- It will protect Knit Finance investors from large price fluctuations, as sellers will wait for a predetermined time duration before selling their assets.
- With a comprehensive solution in the form of Dapp Factory, Knit Finance can now Focus on its own core competency and no longer have to worry about the nitty-gritty technology and infrastructure involved in building their Vesting contracts.
- Using the Vesting services of Dapp Factory will also help Knit Finance save a lot of money in the form of smart-contract audits and other best practices because Dapp Factory’s smart contracts are audited by an independent, top blockchain security company and are safe to use for all ERC20 tokens.
About Knit Finance
Knit Finance is a unique decentralized protocol that integrates its wrapped protocol across multiple chains, bridges, and real-world markets with yield, lend, trade, and margin services through smart contracts. KnitFinance bridges multiple non-Ethereum chains with wrapped tokens. Any asset can be leveraged within Ethereum DeFi and implemented into liquid lending and trading.
Knit Finance further lowers the entry barrier for traditional investors to participate in yield farming, lending, trading, and other financial services in the fast-growing DeFi ecosystem. Knit Finance provides a way for the masses to shift towards DeFi by unlocking the value of real-world assets like stocks, gold, and fiat currencies while enjoying the benefits of centralized finance.
About Dapp Factory
Dapp Factory is a flagship product of Cryption Network.
Dapp Factory is your go-to no-code platform for quickly deploying and managing general-purpose Legos of any crypto product as IDOs, Presales, Token vesting schedules, Staking, Farming, and much more! Launch your dapps within a couple of clicks and minutes!
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