In September 2020, it was recorded that the cost of 1GB of storage in Ethereum, the most popular smart contracts blockchain, is counted in millions of dollars. The most basic transaction fee (21,000 gas) costs around $4 .5, and the average is over $6.5. There is a viable pool of liquidity suppliers who lose benefits to platform arbitrageurs who buy up the low prices assets due to abrupt exogenous crashes.
The concept:
Knot Finance ensures during swapping or even a sharp drop in evaluation, gas fees remain reasonable.
The platform Model:
Knot Finance's operation protocol will create a deviation between two exchange bearings in place of moving purchase sell cost for both of the exchange bearings and offering a quick exchange opportunity. Knot Finance computes and builds the cost of the contrary exchange bit by bit. At the point where tokens are swapped knot Finance issues an exact number of Knot tokens on ethereum/binance smart chain blockchain to cover gas fees. After a token swap is made 30% of the issued Knot tokens will be claimable via the platform and the rest of the percentage will be spread out at 5% daily for 14 days. Any other staking rewards are appropriated directly into client's records thus expanding their block equilibrium.
Q1 2021
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