Interlay & Kintsugi Announcements
560 subscribers
53 photos
1 video
4 files
505 links
Official Interlay announcements channel on Telegram. Follow for latest updates on Interlay and Kintsugi
Download Telegram
Hi Interlay Community!

We've been a bit quiet since we've been busy building, but here is a Monday update for you.

Check out this talk from Interlay co-founder and CEO Alexei Zamyatin from the 2022 We Summit in Lisbon, Portugal:

https://twitter.com/InterlayHQ/status/1594765065487585288

Subwallet has released an analytics DApp, dotinsights. They're currently creating a map of the favorite projects in the Dotsama ecosystem. All voters from now until November 30th will receive a one-of-a-kind NFT for voting, so go vote for your favorite (obviously Interlay and Kintsugi):

https://dotinsights.subwallet.app/

We have some big updates coming soon, so stay tuned πŸ“Ί
🀩2πŸ‘1
πŸ›‘Recommended Adjustment to Vault Reward Schedule on Kintsugi and InterlayπŸ›‘

A new discussion post has been uploaded recommending to make adjustments to Vault Block Reward Schedules

A Call For DiscussionπŸ’¬
This is quite the important proposal, so we welcome you all to read through this and share your thoughts with us for whether you're pro/contra & why this is the case!.

We request that that the community discuss and that a proposal is up for voting no later than the 28th NovemberπŸ—“οΈ on both Kintsugi & Interlay

Link to Discussion Below⬇️
https://interlay.subsquare.io/post/12
πŸ—³οΈGovernance Vote 2 of 2: Interlay 🀝 Statemint [Resubmission]

Vote on the proposal to finalise the opening of an XCM channel with Statemint, a common good parachain of Polkadot, so more assets can be used as collateral types for vaults in the future [mainly USDT!]

The referendum has been fast tracked and can be voted on in the next 3 hours

The referendum has been fast-tracked as the community has voted on this before and we only need to re-execute as last time it failed due to a referendum failing also on parity/Statemint side.

Voting ends at block: 1631352

πŸ”—To Referendum ⬇️
https://interlay.subsquare.io/democracy/referendum/32
Polkadot Community - Featuring Interlay:Interlay

Whats that? A last minute addition⁉️ Join us in 5 minutes as our Co Founder & CEO of Interlay - Alexei, goes live on the much awaited Polkadot Community Call!

We'll be discussing our most recent announcement⬇️

🌟'Interlay 2.0 - From bridge to BTC DeFi Hub'🌟

πŸ•“ Starting in 5 minutes at 4pm CET

Check out the tweet below to join!⬇️
https://twitter.com/InterlayHQ/status/1595788748955975680?s=20&t=sc-5DYqpeUPV1M96ARmazQ
Governance Proposals: Threshold Reduction & Vault Reward Schedule

Ongoing Vault Reward Adjustment Schedule [OG Proposals]

1️⃣ Adjustment to Vault Reward Schedule on Kintsugi
https://kintsugi.subsquare.io/democracy/referendum/72

2️⃣ Adjustment to Vault Reward Schedule on Interlay
https://interlay.subsquare.io/democracy/referendum/33

Please Note: The collateral thresholds are voted on separately, therefore we have submitted additional proposals for this change on both Kintsugi & Interlay and they have just now been upgraded by fast-track committee to referendums which are linked below,

Follow-up referendum's
We're asking you to cast your vote on the following 'follow up' referendums,

1️⃣ Follow Up to Proposal #75 - threshold reduction
https://kintsugi.subsquare.io/democracy/referendum/71

2️⃣ Follow Up to Proposal #35 - threshold reduction
https://interlay.subsquare.io/democracy/referendum/34

Voting is now live for all FOUR referendum's!

NOTE: The collateral thresholds are voted on separately
Call To Vote - Threshold reduction & reward schedule

Interlay 2.0 is underway & we've got four important referenda's currently underway which need your vote!

In the spirit of decentralisation, we want you to choose and have your say

1️⃣ Adjustment to Vault Reward Schedule on Kintsugi
https://kintsugi.subsquare.io/democracy/referendum/72

2️⃣ Adjustment to Vault Reward Schedule on Interlay
https://interlay.subsquare.io/democracy/referendum/33

3️⃣ Follow Up to Proposal #75 - threshold reduction
https://kintsugi.subsquare.io/democracy/referendum/71

4️⃣ Follow Up to Proposal #35 - threshold reduction
https://interlay.subsquare.io/democracy/referendum/34
Trustless Bitcoin lending & borrowing is live on testnet
https://twitter.com/alexeiZamyatin/status/1598122465393520641
Call To Vote - Threshold reduction & reward schedule

We still have two important referenda currently underway which need your vote!

Don't miss your chance to get involved:

1️⃣ Adjustment to Vault Reward Schedule on Interlay
https://interlay.subsquare.io/democracy/referendum/33

2️⃣ Follow Up to Proposal #35 - threshold reduction
https://interlay.subsquare.io/democracy/referendum/34
⚠️ Kintsugi has stopped producing blocks since block 1,983,993 ⚠️

We are investigating an issue related where kintsugi stoppped producing blocks after a runtime upgrade.

The issue is related to a wasm trap in aura: https://github.com/paritytech/substrate/blob/master/frame/aura/src/lib.rs#L292

We will post here once we have an update.
⚠️ We have identified the issue and are now investigating how to resolve it.⚠️

Will keep you updated as things develop.
πŸ‘1
Quick update:

The upgrade was tested on testnet of course. Unfortunately, the issue is something that none of the currently existing testing tools can catch - it is caused by a problem specific only to Kintsugi: an issue caused by the Kintsugi configiration. Meaning: this issue does not happen on testnet or on interlay.


We have a fix.
We're working with Parity to validate the fix.

Unfortunately, we will need to ask Kusama governance to recover the chain. We are preparing a proposal.

A detailed post-morten will be released.

We will keep everyone up to date as we progress. Community support on Kusama will be needed to speed up the recovery proposal.
Update:
The runtime upgrade to recover Kintsugi is ready.

Next step: governance proposal on Kusama.
Finalizing admin around the proposal to get it up for voting asap.

All user funds remain safe.

We will keep updating as things progress.
https://twitter.com/kintsugi_btc/status/1598671182550732800
πŸ‘1
Latest update:

Final preparations for restart βœ…
Kusama governance proposal expected within 24h.

This will be the first major proposal going through gov v2.

User funds and vault collateral levels remain safe.

https://twitter.com/kintsugi_btc/status/1598963293208530944
🚨 Kintsugi Update 🚨

The emergency proposal to recover the Kintsugi parachain is out and we need your help.

If you are a KSM holder, please vote: https://kusama.polkassembly.io/referenda/8

Read this thread for more info: https://twitter.com/kintsugi_btc/status/1599036329399943168?s=20&t=ya-L7No1LV8tM6zRRqhDHQ

kusama.polkassembly.io
Democratizing governance for substrate blockchains
πŸ‘1
We would really appreciate it if could vote with at least 1x of conviction so that the proposal gets approved.
If you're a KSM holder and haven't voted yet, please do so now

https://kusama.polkassembly.io/referenda/8

We count on your support to recover the Kintsugi parachain
KINTSUGI UPDATE

If you're not already aware, Kintsugi recently stopped producing blocks due to a recent bug, however a Kusama Governance proposal is currently underway to help us recover the Kintsugi Parachain!

The only way to recover the Kintsugi chain is to update the runtime on the relay-chain via Kusama governance and upgrading all Kintsugi collators

How can I help!?
1️⃣ VOTE!
13% of the total KSM supply is needed for this to work, therefore if you're holding any KSM at all, please check check out the link below & vote!

2️⃣ SHARE!
Sharing this post and any posts on the Kintsugi twitter relating to this incident will always be helpful, so if you cant vote then we ask that you share this message with as many KSM voters as possible!

πŸ”— to referenda
https://kusama.polkassembly.io/referenda/8

πŸ”— to Tweet
https://twitter.com/kintsugi_btc/status/1599711963327524864?s=20&t=n9eI3LobNEZLpJUHDmYs5Q
🚨 KINTSUGI UPDATE 🚨

The Kusama community is showing massive support to recover the Kintsugi parachain

With over 1.16 million KSM in the vote, we’re about 65% of the way there!

If you hold KSM and haven't voted yet, please do it now πŸ‘‰ https://kusama.polkassembly.io/referenda/8
πŸ‘1
πŸŽ‰KINTSUGI UPDATE The proposal to recover Kintsugi has passedπŸŽ‰

Thank you for the support!!!

What now?

The proposal will be enacted in 3 hours and then…

Kintsugi is coming back live! πŸš€πŸš€

πŸ’ͺWe’ll keep you posted as things progress πŸ’ͺ
πŸŽ‰6🀩1