✨ July Ecosystem Update ✨

The July Ecosystem Update is here!

We've made great progress in our mission to foster innovation, scalability, and interoperability on Bitcoin.

Check out all the new features, integrations & updates from the month of July at Interlay 👇

https://twitter.com/interlayhq/status/1687033862021369856?s=46&t=FNSq2phRGjfwcquG6_BOQA

📢 Governance: Re-Execution Vote📢
@everyone

The Referendum to Enable qDOT and qUSDT as collateral for lnterlay Vaults was passed, but due to a technical fault in the proposal call, the same failed to execute.

A new governance proposal with fast track vote has been prepared and is live for voting.

Vote here: https://interlay.subsquare.io/democracy/referendum/65 ✅

Your participation is crucial to Interlay’s success. Thank you!

🚨qDOT & qUSDT now live on Interlay🚨

Following the passing of Referendum 63, qDOT & qUSDT are now available on the Interlay DeFi Hub.

This will allow vaults to earn interest from lending and vault operation at the same time.

This is a BIG step forward in our mission to scale DeFi for Bitcoin

https://app.interlay.io/

To know more about qTokens, check out the tweet below 👇
https://twitter.com/InterlayHQ/status/1675353103493677057?s=20

👀 Bitcoin Staking Blog 👀

GM @everyone

The lack of easy, trustless access to BTC emissions for Bitcoin holders is a notable disadvantage of BTC compared to PoS assets. 🤔

This is why we are innovating a Bitcoin staking product. 🪄

Read our latest medium blog to know more 👀👇
https://medium.com/interlay/bitcoin-staking-unlocking-bitcoins-yield-potential-in-defi-d86353176dec

Like & RT to spread the word - https://twitter.com/InterlayHQ/status/1691088183725899776?s=20

📢 Monday Governance Roundup 📢

Attention community members,
important governance matters are up for community voting! 🗳️ 👇

- ➡️ Interlay Referendum #66
This proposal registers the DAI, TBTC, WETH, WBNB, USDC, WBTC & GLMR token to the foreign asset registry, so that in the future these tokens can be received via the Moonbeam wormhole bridge.
Find more details & Vote here : https://interlay.subsquare.io/democracy/referendum/66

- ➡️ Kintsugi Referendum #122
This referendum proposes a Runtime Upgrade which introduces a bunch of changes & updates to improve the security of the network and fix bugs related to the vault.
Find more details & Vote here : https://kintsugi.subsquare.io/democracy/referendum/122

Participate in governance & contribute to the Bitcoin revolution now! 🚀

Your vote counts. 🗳️

📢 Governance : Registering Wormhole Assets on Interlay📢

We've taken note of the community feedback on the currently live Interlay Referendum #66 which aims to register Wormhole assets.

Please note that this proposal merely ADDS these assets to the asset registry. It does not yet PROPOSE what to do with these assets on the Interlay chain itself and this will require follow-up proposals.

In a nutshell - If this vote passes, It will unlock a myriad of use cases that will increase usability for the Interlay network and the iBTC asset. We urge everyone to not block all use cases but rather engage in the specific discussions that will follow this proposal.

Please check out this comment for a detailed clarification in this regard - https://interlay.subsquare.io/democracy/referenda/66#6

Only 21 hours left before voting ends.

Vote here now - https://interlay.subsquare.io/democracy/referenda/66

🧡Presenting BOB - Build On Bitcoin🧡

GM @everyone

Interlay is excited to announce BOB - Build On Bitcoin, the First Layer 2 stack empowering everyone to innovate, experiment and build on top of Bitcoin.

Checkout this article by Decrypt on the First MVP of BOB's solution 👇
https://decrypt.co/154108/interlay-releases-mvp-for-new-bitcoin-layer-2-network-for-decentralized-innovation

Join us & get in on the Bitcoin Renaissance! 🌠
🐦 Follow BOB's socials : https://twitter.com/build_on_bob
📃 Check out the landing page : https://www.gobob.xyz/

Plenty of ALPHA to come 😉

⚠️ Kintsugi has stopped producing blocks ⚠️

We are investigating an issue related to kintsugi & as it has stopped producing blocks.

The issue seems to be affecting all Kusama parachains as a disputed block was included.

We will notify once a fix has been deployed.

https://x.com/billlaboon/status/1697507889252839510?s=46

Gov Proposal for Fixing the Kusama Parachains Block Production Issue

Parity has lodged a proposal on the Kusama governance forum that aims to fix the ongoing block production issue for all Kusama parachains.

The more people vote for the fix, the faster will the block production resume.

Please note that the proposal is on the Kusama governance platform so you’ll need KSM to participate in the voting.

So vote now & help Kintsugi resume block production 👇
https://kusama.polkassembly.io/referenda/263

🚨Alexei on CoinDesk TV🚨

Curious about the Bitcoin  Renaissance that’s cooking at BOB? @everyone

Web 3.0 is coming to Bitcoin. Ordinals? DeFi? DAOs?

Catch @alexeiZamyatin spill all the Alpha on the BOB revolution 👇

https://x.com/coindesk/status/1697595244332663197?s=46

Watch the full Coindesk TV interview on Bitcoin sidechains and our new BTC Layer 2 stack BOB here
https://twitter.com/alexeiZamyatin/status/1697696542700831105

🚨Vote now : Fiat OnRamp Bounty on Polkadot OpenGov🚨

Interlay is excited to be spearheading the efforts to bring Fiat on-ramp service & integration for 20 parachains and in the Polkadot ecosystem. ✨

The Bounty proposal is now live on the Polkadot OpenGov. 🗳️

Cast your vote now! https://polkadot.subsquare.io/referenda/140

Amplify! https://x.com/interlayhq/status/1699343960702165284?s=46

🧡 Check it out : BOB Medium Post 🧡

What is BOB? Why do we need it?
How does it support the Bitcoin Renaissance?

Discover all these answers & get an insight into the future of Bitcoin innovation with BOB in our new medium post. 💡

Check it out now : https://interlay.medium.com/announcing-bob-a-new-bitcoin-layer-2-stack-d1e48cc87eae

🏗 Interlay at Token2049 Singapore 🏗

Interlay will be in Singapore for the Token2049 week! 🗓

Meet & connect with our Co-founder @alexeiZamyatin if you are around to discuss new ideas around Bitcoin & our new L2 stack @build_on_bob 🔥

See you there!

https://twitter.com/InterlayHQ/status/1700160262186094829?s=20

📢 Weekly Governance Roundup 📢

Some important governance matters are up for community votes. 🗳

Be an active part of shaping the future of the Interlay ecosystem through our inclusive governance process. 👇

https://twitter.com/InterlayHQ/status/1701223252020842673

🎙️**Alexei on the Ordinal Show** 🎙️

Catch Alexei on the Ordinal Show lineup as he talks about Bitcoin L2 & sheds light on the things to come in the Bitcoin Renaissance! 🧡

Time : 2.30 pm GMT

Link : https://x.com/nonfungible_jan/status/1706112174471680130?s=46

🚨Vote now : Fiat OnRamp Bounty on Polkadot OpenGov🚨

GM!

Interlay is excited to be spearheading the efforts to bring Fiat on-ramp service & integration for 20 parachains and in the Polkadot ecosystem. 🤝

The Bounty proposal is now live on the Polkadot OpenGov 🗳

Let's improve the UX & onboarding in the Polkadot Ecosystem. Cast your vote now! https://polkadot.polkassembly.io/referenda/163

Spread the word - https://x.com/InterlayHQ/status/1706985038900862992?s=20

Alexei talking about BRCs, Bitcoin asset standards, and trade-off between different L2s with some other Bitcoin OGs incl. BRC20 founder domo, Bitgod, & Ordinals celebrity Leonidas

https://twitter.com/alexeiZamyatin/status/1707501174927089769

🧡 BOB by Interlay on The Ordinals Show 🧡

GM!

Catch Co-founder Alexei Zamyatin on the Ordinal Show Twitter Space & catch up on all BOB alpha 👀

Time - Today, 2.30 pm UTC

Link - https://twitter.com/i/spaces/1YpKkwOymWPKj

We are live on the Ordinals show talking Bitcoin L2s and what BOB is all about
https://twitter.com/build_on_bob/status/1708853001501229362

📣 Weekly Governance Roundup 📣

Attention community members,
important governance matters are up for community voting! 👇

Interlay Referendum #76
This proposal aims to enable Interlay to register Bifrost Native Coin (BNC) to increase the tokens available for incentivizing the Interlay lending market.
Find more details & vote here: https://interlay.subsquare.io/democracy/referenda/76

Interlay Referendum #80
The goal of this proposal is to immediately increase mint capacity for iBTC and improve the economic efficiency of the bridge & also reduce risk for vaults to make capital provision cheaper.
Find more details & vote here: https://interlay.subsquare.io/democracy/referenda/80

Interlay Discussion Post #34
A discussion post has been started regarding opening of an XCM channel between Interlay & Polkadex.
Have thoughts or suggestions? Contribute to the discussion here: https://interlay.subsquare.io/posts/34

Interlay Referendum #73
The proposal from last week regarding the OnFinality costs for running the public RPC services failed.
Find more details here: https://interlay.subsquare.io/democracy/referenda/73

Interlay Referendum #75
The proposal from last week to update names of wormhole assets on Interlay with a suffix .wh was fastracked & passed.
Find more details here: https://interlay.subsquare.io/democracy/referenda/75

Participate in governance & contribute to the Bitcoin revolution now!

Your vote counts. 🗳

https://x.com/InterlayHQ/status/1709144603574607889?s=20