KB-K Bitcoin BondDetailed Description

KB-K Bitcoin Bond Detailed Description

KB is a bond in KBTC. When the conversion ratio of KBTC to BTC is lower than 0.95 (1-hour weighted average price), users can choose to convert KBTC to KB at the square of 0.95 to arbitrage. The entire algorithmic stablecoin system is used to increase its stability. Between 0.95 and 1, relying on bonds makes the whole system more balanced.