Neblio is excited to announce our partnership with Knit Finance to integrate NEBL into Knit Finance’s multichain platform. This will allow Neblio’s native coin, NEBL, to be transacted across multiple independent blockchains such as Ethereum, Binance Smart Chain (BSC), Polkadot, Polygon and more in a wrapped K-NEBL token.
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers. With Knit Finance, users will be able to deposit NEBL and mint K-NEBL tokens on other blockchains, K-NEBL tokens can also be exchanged for NEBL, and K-NEBL can be moved from one blockchain to another, all through Knit Finance’s cross-chain bridges. NEBL will be held by Knit Finance in insured custody.
Cross-Chain bridges and K-NEBL will allow Neblio users and developers to enjoy the benefits of a variety of blockchain platforms, opening the door to DeFi, Decentralized Exchanges, various smart contract platforms, lending, borrowing, and other features that are only available on specific blockchains. We can’t wait to see what Neblio’s community of users and developers build using Knit’s cross-chain technology and K-NEBL!
About Knit Finance
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets. It delivers all-market bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s k tokens.
Neblio is an Enterprise Blockchain Platform focussed on simplifying blockchain technology for business. Neblio’s lightning fast & scalable blockchain, APIs, NTP1 Token Protocol, and unique services offerings allow clients to easily and quickly utilize blockchain and distributed ledger technology to radically improve efficiency, reduce go-to-market time, and dominate their competition.