Interlay & Kintsugi Announcements
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Official Interlay announcements channel on Telegram. Follow for latest updates on Interlay and Kintsugi
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πŸ“’ Governance: Incentives on StellaSwap’s iBTC-DOT pool πŸ“’

Attention community! πŸ₯

The Stellaswap proposal for using INTR tokens as incentives on StellaSwap’s iBTC- DOT pool and to actively support the growth of iBTC on Moonbeam is now live on the Interlay governance forum. This proposal has been revamped as per community feedback on the previous version of the proposal.

Here's the link for the proposal - https://interlay.subsquare.io/democracy/proposal/51

Please join the discussion & second the proposal if you agree with it.
Your vote matters, every INTR πŸ—³ counts! Your participation is crucial for the Interlay’s success!

Thank you for your continued support! πŸš€
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GM Community! 🌞

Just 1 Day to go for the Interlay Community Call! ☎️

Join Founders Alexei Zamyatin & Dominik Harz as we discuss the upcoming Interlay V2 launch, the Bitcoin BRC standards & other interesting ecosystem updates! πŸ‘€

Date πŸ—“ : Wednesday 10th May
Time πŸ•• : 1.30 pm CEST (UTC +2)
Where πŸ₯ : Twitter Spaces https://twitter.com/i/spaces/1OwxWwkBypAxQ

We have some exciting rewards too πŸ˜‰

Don't miss it! See you there πŸš€
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GM community! 🌞

Just 2 hours to go for the Community Call!

Time - 1.30 CEST (UTC +2)

Come discuss Interlay V2 & the BRC20 standard with our Co-founders Alexei & Dominik πŸš€

We have some Chaotic Kintsugi Bitcoin Inscriptions for the best questions!

https://www.interlay.io/chaotic-kintsugi-collection

Don’t miss it, See you there πŸ‘‹

Join in at Twitter Spaces : https://twitter.com/i/spaces/1OwxWwkBypAxQ
We just proposed BRC-42: an extension to the BRC-20 standard to bridge BRC-20 tokens to chains like Interlay or Ethereum in a fully decentralized manner.

This unlocks countless DeFi use cases for BRC-20 tokens, such as DEX swaps, borrowing/lending etc.

https://vxtwitter.com/alexeiZamyatin/status/1656800894359306246
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πŸ“’ Governance - Discussion to increase the capacity of the Kintsugi ecosystem πŸ“’

GM community! 🌞

There's a new discussion on the kintsugi governance platform to improve bridge capacity and efficiency and allow growth. It also outlines a plan to increase the capacity of the Kintsugi ecosystem, which is currently bottlenecked by the limited supply of collateral, blocking the exit of vaults from the system. The discussion also enumerates the risks involved with all the proposed solutions.

We want your feedback & input. πŸ’­

Put forth your points & help shape the decisions on Kintsugi. πŸš€

Your opinion counts! Join the discussion here πŸ‘‡
https://kintsugi.subsquare.io/post/16
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iBTC migration to Stellaswap’s V3 Pulsar Pool

GM Community! 🌞

The proposal to list iBTC on a more efficient Pulsar V3 pool has been passed. The new $iBTC - $DOT V3 pool will launch on 17th May.

This means that the old farms of $iBTC - $GLMR & $INTR - $GLMR will be retired & no longer accrue rewards with the launch of V3.

All iBTC LP providers & Users on the V2 will have to manually migrate their positions to V3 since the automated migrator will not work because iBTC is paired with a different asset on V3.

Check this tweet by the Stellaswap Team to know more πŸ‘‡

https://twitter.com/StellaSwap/status/1658130741744619521
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Banxa Fiat onramp live for KINT

We are excited to announce that the Banxa Fiat onramp is now live for KINT on Kintsugi Hub under the Fund Wallet option. πŸ’°

Users can now buy KINT directly through this integration thereby improving the user experience and making it easier for users to mint KBTC & explore the Kintsugi DeFi Hub. ⛓️

This is a big WIN for not only Kintsugi but also for the wider ecosystem! πŸš€

Check it out here πŸ‘‡

https://kintsugi.interlay.io/
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πŸ“’Governance : Kintsugi Lending IncentivesπŸ“’

GM community! 🌞

A new governance proposal is now up for discussion regarding incentives on Kintsugi Lending to improve the liquidity for efficient borrowing or lending of assets.

It proposes to create initial liquidity for lending by incentivizing the supply of USDT and KSM for 1 month with a total of 3,000 KINT (1,500 for each market).

Find more details on the same & participate in the discussion here πŸ‘‡
https://kintsugi.subsquare.io/democracy/proposal/115

Your voice matters, every KINT πŸ—³οΈ counts!
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πŸ“’ Important Notice: Updates on XCM Module Breakdown Due to Kusama and Statemine Changes πŸ“’

Our XCM module broke due to recent updates in Kusama and Statemine. They changed how they store balances and the way XCM transactions are submitted, which needs us to update our module.

Due to this, you can't currently send an XCM transaction from Kusama or Statemine to Kintsugi through our UI. Also, if you use Kusama as source or destination, the balance shown, the list of transferable tokens, and fee estimates will not be correct. If you try to transfer a token that isn't really supported, the transaction will fail. Don't worry, no funds are at risk.

We're working on fixing this as soon as possible. Thanks for your patience.
πŸ“’ Update : XCM Module restored to normalπŸ“’

The XCM module is now working again & you can send XCM transactions normally to & from Kintsugi though our UI.

Thank you.
βš’οΈ Maintenance : Kintsugi Testnet βš’οΈ

We would like to inform you that we will be conducting a series of tests on the Kintsugi testnet starting today and these tests might continue until Monday.

During this time, it is important to note that the testnet may experience instability and some functionalities might be affected.

Specifically, user interactions on the UI may not work as expected, and there might be issues with connecting to the vaults. While we strive to minimize disruptions, it is possible that you may encounter temporary difficulties or errors during your interactions with the Kintsugi testnet.

We kindly ask for your patience and understanding as we work diligently to enhance the network's performance.
Hey everyone!

πŸ“’ Join us for the exciting finale of the Encode x Polkadot Spring 2023 Hackathon!πŸš€

πŸ“† Friday (tomorrow), 2nd June at 2 pm GMT+1

πŸ“ https://www.eventbrite.com/e/594745649247

🌟 Witness the remarkable pitches from the finalists and be part of the thrilling moment when the judges cast their votes to decide the winners. Stay till the end as we announce the victorious projects!

Mark your calendars and be ready to celebrate the incredible innovation and talent showcased in this hackathon. We can't wait to see you there!
πŸ“’ Community Announcement: Temporary Block Time Slowdown & UI Inaccuracy on Interlay πŸ“’

Attention community members,

Currently, Interlay network is experiencing slower block times of approximately 14.5 seconds instead of the usual 12 seconds. Please note that the rewards and APR numbers displayed in the UI may be slightly inaccurate during this period, as the estimations assume a block time of 12 seconds.

Our team is investigating the collator node connection issue and working to restore normal block times.

Stay tuned for further updates. Thank you for your understanding and continued support.
🐦Banxa Intergration Twitter Space🐦

GM community!

Join us for an exciting session tomorrow to discuss the Banxa Fiat on-ramp integration & its benefits to user onboarding, liquidity & accessibility within the Dotsama ecosystem. ✨

We have an exciting panel of speakers & we'd love to hear your thoughts on the topic. πŸ’­

See you there! βœ…

Date πŸ—“οΈ : Tuesday 6th May

Time πŸ•• : 3 pm CEST (UTC +2)

Where πŸ₯ : Twitter Spaces https://twitter.com/i/spaces/1gqGvyELYWOKB
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πŸ“’ Interlay DeFi Hub Launch Discussion Post πŸ“’

A Trustless & Decentralized DeFi hub for Bitcoin on Interlay will soon be a reality! :bitcoinup: :bitcoin:

Discussion post about the specifics of the BTC DeFi hub launch on Interlay is up for discussion. We’d like to know what you think about these recommendations. Don't miss your chance to engage / ask questions / propose changes!

Participate & join the discussion now πŸ‘‡
https://interlay.subsquare.io/post/19
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☎️ Community Call : Celebrating XCLAIM anniversary ☎️

GM community! 🌞

This 7th June, we'll be celebrating the 5-year anniversary of the release of the XCLAIM research paper that started the journey of Interlay - to provide a trustless and efficient cross-chain framework for Bitcoin.

Join Co-Founder Alexei Zamyatin as we discuss the journey till now & plans for the future of Bitcoin Innovation πŸš€

Date - 7th June 2023
Time - 12.30 pm CEST (UTC+2)
Where - Twitter space https://twitter.com/i/spaces/1ynJOawDakkKR

See you there
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Interlay BTC DeFi Hub - Sign Up for Early Access Now!

The countdown to the Interlay BTC DeFi Hub has begun! Join the waitlist now and be the first to experience true DeFi with Bitcoin on Interlay. πŸ’–

Borrow, lend, and swap BTC and experiment with Bitcoin staking - with just a few clicks in a fully decentralized manner. πŸ’‘

Refer your friends to our waitlist & increase your chances of gaining early access & win an exclusive Bitcoin NFT inscription! πŸ–ΌοΈ

Hurry & sign up now! https://www.interlay.io/defihub
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πŸ“’ Monday Governance Roundup πŸ“’

Attention community members,
Here's an update on what's going on in governance this week πŸ‘‡

πŸ‘‰ Kintsugi Referendum #112

The Referenda outlines the Runtime Upgrade 1.24.0: Weights & Fees, introducing a new "bring-your-own-fee" architecture along with other important changes to make the Kintsugi DeFi hub experience better.
Vote here - https://kintsugi.subsquare.io/democracy/referendum/112

πŸ‘‰ Kintsugi Referendum #113

OnFinality is requesting 33,501.5242 KINT to support high-performance, scalable, and reliable public infrastructure for the Kintsugi Network.
Find more details & vote here - https://kintsugi.subsquare.io/democracy/referendum/113

πŸ‘‰ Interlay DeFi Hub Launch Discussion Post

The goal of this discussion post is to get community feedback on the Interlay DeFi Hub plan, and more details on the planned DEX, lending market, bridge as well as the highly anticipated iBTC staking product.
Participate in the discussion here - https://interlay.subsquare.io/post/19

πŸ‘‰ Dwellir : Core service provider discussion post
A discussion has been opened to make Dwellir the core provider of RPC services for Interlay & Kintsugi with combined quote of quarterly costs of $4500 approx.
Participate in the discussion here - https://interlay.subsquare.io/post/21

Participate in the governance process & help shape the future of Bitcoin innovation in a decentralized manner. πŸš€

Your vote counts. πŸ—³
πŸ“’ MEXC to Delist KINT πŸ“’

The Centralized Exchange, MEXC has informed us that they will be delisting KINT token from their exchange due to decreased demand for trading KINT on their platform.

Please note that KINT is still available for trading on Kraken and Gate.io with Fiat on-ramp integration available on https://kintsugi.interlay.io/wallet

In addition, we have seen an increase in trading volume on decentralized exchanges (DEXes). This is an overall positive development, as it shows that there is still interest in KINT despite the delisting from MEXC & more users preferring DEXes.
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