Technical Details

our implementation of the tzbtc² tokens relies on this public library kvbtc is essentially the fa2 native tezos token that is controlled by our implementation of the checker protocol described in the link above checker (modified) serves as the main contract, which is responsible for minting and burning the kvadrat tokens, effectively regulating their supply and prices the table below shows how the terms described by checker library correspond to kvadrat's implementation original checker concept kvadrat implementation oracle tzbtc squared index, thus making it the btc usd exchange rate essentially kit kvbtc token target relationship between mark price and index price for kvbtc instantaneous drift daily funding rate for kvbtc burrow contract that serves as a collateral deposit when one opens a short or mint+lp position