Weekly Update on Interlay and Kintsugi Governance

Want to help shape the future of Interlay and Kintsugi? You can start here:
https://twitter.com/InterlayHQ/status/1630552949087780864?s=20

Performance review of iBTC/DOT pool on Arthswap

Hello Interlay community! :raised_hands: We'd like to share the review of the iBTC/DOT liquidity pool on Arthswap after the 3-month incentive period. Join the discussion, we’d love to know your opinion:

https://interlay.subsquare.io/post/16

🚀 Don't miss out on the latest #Interlay and #Kintsugi discussion posts and referenda.

Your participation in governance is crucial for the success of our decentralized protocols.

Check out https://interlay.subsquare.io and https://kintsugi.subsquare.io and make your voice heard! 💪

We just posted a discussion post for a bounty to integrate Banxa as a fiat onramp with up to 10 Kusama parachains. Polkadot proposal will follow shortly.

Interlay has been leading this initiative and we've got more to come!

https://kusama.polkassembly.io/post/2513

Please voice your support!

Be Among the First to Explore the Kintsugi BTC DeFi Hub - Sign Up for Early Access Now!

Join the Kintsugi waitlist now and be the first to experience true decentralized finance with Bitcoin.

You’ll be able to borrow, lend, and swap BTC using nothing but decentralized technology.

If you refer your friends to the waitlist, your chances of gaining early access increase! Check out the link:

https://www.interlay.io/kintsugi

⚠️Important Notice: Interlay Block Times Increased Due to Polkadot Relay Chain⚠️

- The block times on Interlay have increased due to an issue on the Polkadot relay chain. You can find more information about this issue at https://twitter.com/dev0_sik/status/1634593303608938497.
- Unfortunately, it is unclear when the situation will be resolved, and we cannot do anything about it at this time.
- This issue affects all parachains on Polkadot, not just Interlay.
- As a result of this issue, our block times on Interlay have increased from an average of about 12.5s to 28s. You can check our current block times at https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fapi.interlay.io%2Fparachain#/explorer/latency.
- Please note that due to the block time issues, the INTR block rewards are paid out slower (only every 28s instead of every 12.5s).

📢Kintsugi's Vault capacity model is now live! 📢

👉The old Vault reward distribution model is based on how much kBTC/iBTC has been minted with a Vault.
💡This model presented itself unsuitable, both in terms of fairness, capital efficiency, and benefit to protocol growth.
💰The capacity-based model hence takes into account kBTC/iBTC capacity, i.e., how much BTC a Vault can secure, unrelated to how much is already being used.
🚀 The capacity-based model focuses on increasing minting capacity for new users ahead of the Kintsugi and Interlay 2.0 DeFi hub launch, which aim to onboard significant numbers of BTC DeFi users onto Interlay.

Previous discussion post: https://interlay.subsquare.io/post/13
Updated vault docs: https://docs.interlay.io/#/vault/overview?id=fee-distribution-based-on-btc-capacity

FYI
Interlay is not affected by SVB or any of the other bank closures.
More focused than ever, getting ready to launch the best #Bitcoin DeFi products in the space.

Pay attention to our Twitter today.
We've got something fun coming 🤫
https://twitter.com/interlayHQ

📢 “Chaotic Kintsugi” Bitcoin Inscriptions: Announcing First Drop 📢

We're unveiling a captivating, limited-edition collection named Chaotic Kintsugi, minted as Bitcoin inscriptions – rare digital artefacts similar to NFTs that live on the Bitcoin blockchain.

Join the Kintsugi DeFi Hub waitlist and become a top referrer for a chance to win!

https://twitter.com/InterlayHQ/status/1636022576236331008?s=20

🗳Governance: DeFi Hub Activation on Kintsugi🗳

Attention community! We need you to decide on an important governance proposal: DeFi Hub Activation on Kintsugi.

This proposal aims implement the new AMM & lending market on Kintsugi!

https://kintsugi.subsquare.io/democracy/proposal/103

Voting starts on Monday! ⏳

🗳Vote to Launch the Kintsugi Bitcoin DeFi Hub🗳

The proposal to activate the Kintsugi Bitcoin DeFi Hub (along with a treasury-funded liquidity program) is up for a vote. If approved, the Hub will be going live on Thursday morning CET!

Your vote and participation are vital to make this happen. Join us in launching this exciting new Bitcoin DeFi Hub on Kintsugi!

https://kintsugi.subsquare.io/democracy/referendum/96

🚀DeFi Hub Live Demo with Interlay Co-Founders 🚀

Join us for the Kintsugi DeFi Hub live demo on March 23rd at 2 pm CET with Interlay's co-founders Alexei Zamyatin and Dominik Harz.

Learn about the DeFi Hub and get a chance to win a unique Bitcoin inscription from Chaotic Kintsugi!

Sign up now: https://crowdcast.io/c/n90rx1rwbtgd

⏳48-Hour Countdown: Become a Top Referrer⌛️

Hey everyone! Quick reminder that you have LESS than 48 hours left to become a top referrer of the Kintsugi Bitcoin DeFi Hub and win a Bitcoin inscription!

Act now & spread the word to friends, family, and your community. Time is ticking! ⏰🔥

https://www.interlay.io/kintsugi

🚀 The Kintsugi DeFi Hub proposal has PASSED! 🎉

Get ready for a new era in decentralized finance for Bitcoin, launching TOMORROW at 10 AM UTC! ⏰ Join the revolution and experience the power of decentralization!

https://twitter.com/InterlayHQ/status/1638603132962832386?s=20

✨ Kintsugi DeFi Hub Launch Update

We're putting the finishing touches on Kintsugi and making sure everything's perfect for you! Get ready, Bitcoin DeFi incooooooming! 🎉

Join the live demo! 🚀

Hi everyone! Join the Interlay co-founders in 5 minutes to learn more about what you can do on the Kintsugi Bitcoin DeFi Hub!

https://www.crowdcast.io/c/n90rx1rwbtgd

📽Missed the live demo of the Kintsugi Bitcoin DeFi Hub?

No worries! Watch the recording here: https://www.crowdcast.io/c/n90rx1rwbtgd

Vote on Interlay & Kintsugi governance referenda 🗳

Your voice matters! Cast your vote on key referenda to strengthen our ecosystem 🚀

https://twitter.com/InterlayHQ/status/1640358107674025986?s=20

🎉 Access to the Kintsugi Bitcoin DeFi Hub is open to all🎉

Join the Bitcoin DeFi revolution today with the Kintsugi Bitcoin DeFi Hub! With open access available for all, you can now effortlessly borrow, lend, and swap assets and unlock your Bitcoin's full potential in the DeFi space.

https://twitter.com/InterlayHQ/status/1640718149623644161?s=20

We brought a little surprise to Kusama. More incoming

https://vxtwitter.com/alexeiZamyatin/status/1641212280682557441