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This content is generated by RD AI and is for reference only
Kintsugi is a decentralized Bitcoin bridge protocol on the Kusama network, developed by the Interlay team as its canary network. It allows users to lock Bitcoin and mint 1:1 pegged kBTC, bringing Bitcoin into the Kusama ecosystem for DeFi applications such as lending and trading. Its core mechanism relies on a Vault system: Vaults must collateralize assets like DOT to back the issued kBTC, ensuring security through over-collateralization, liquidation, and insurance mechanisms.
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