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Kolibri uses CDPs (referred to as an Oven) to collateralize a soft pegged USD-stable value asset, kUSD. Each Oven has four functions:
Deposit: Place XTZ into the Oven; Withdraw: Remove XTZ from the Oven; Borrow: Borrow kUSD against the Oven using XTZ as collateral; Repay: Repay kUSD that was borrowed against the Oven.
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Kolibri Finance
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