Kintsugi KINTPrice $ 0.194

Kintsugi is Interlay’s canary network, an experiment with real economic value deployed on Kusama. Kintsugi and Interlay share the same code base - with the difference that Kintsugi focuses strictly on innovation and will always be ahead in terms of features. Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum, and other major DeFi networks.

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.

Vaults are the heart of the interBTC and Kintsugi bridge. They are responsible for maintaining the physical 1:1 peg between BTC and interBTC. Vaults receive BTC for safekeeping from users and ensure BTC remains locked while interBTC exists.

Kintsugi is ruled by its community from day one - via KINT, Kintsugi’s governance token.