It doesn’t seem like there is any problem with KBTC. As
Snafu says, the goal is par 1:1.
KBTC is an experimental and riskier version of WBTC so it likely will have a natural peg below the WBTC. It should sell at a discount to WBTC logically. Only when you consider that you can deposit it for higher yield than WBTC does it honor being worth a premium to WBTC.
Look at this nice correlation....