Kintsugi
DeFi
Bridge
Kintsugi is interBTC’s canary network, developed by Interlay under the supervision of Kintsugi Labs, a non-profit oriented organization responsible for Kintsugi’s launch and the support of the decentralized network and ecosystem.
Kintsugi’s kBTC brings radically open Bitcoin to Kusama to kickstart liquidity for parachains like Karura, Shiden and Moonriver. kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized network of collateralized Vaults. Users must only ever trust that Bitcoin and the DeFi platform they use are secure.
Kintsugi’s kBTC brings radically open Bitcoin to Kusama to kickstart liquidity for parachains like Karura, Shiden and Moonriver. kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized network of collateralized Vaults. Users must only ever trust that Bitcoin and the DeFi platform they use are secure.
Relative Project:
InterBTC
InterBTC
Tokens: KINT
W3F Grants:
- Polkadot/BTC bridge specification (RFP) — Completed
- Trustless BTC-Polkadot Bridge — First delivery
Status
Announced
Testing
Auction
Kusama
Auctions & Crowdloans
Auction 11: WINNER
Slot #12: leasing
October 13th, 2021 - August 5th, 2022
Project auction info:
auction details
Funds raised: 200 000 KSM ($78 325 972)
Contributions: 8 013
Reward:
1 KSM :
3.75+
KINT
Reward pool: 1m of 10m (10%)
5% reward on referrals
30% of the rewards will be unblocked immediately
70% will be released linearly within 48 weeks
30% of the rewards will be unblocked immediately
70% will be released linearly within 48 weeks
Screenshots (1)
Developer Activity
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Primary Token:
KINT
Total Supply:
10 000 000
Crowdloan Reward Pool:
1 000 000 (10% of Total Supply)
News
Kintsugi has officially won the 11th slot auction in the Kusama parachain auctions!
Kintsugi's kBTC brings radically open Bitcoin to Kusama to kickstart liquidity for parachains like Karura, Shiden and Moonriver. Kintsugi is interBTC's canary network, an experiment with real economic value deployed on Kusama. Kintsugi and interBTC share the same code base - with the difference that Kintsugi focusses strictly on innovation and will always be ahead in terms of features.