β¨2024 : The year of Bitcoin Innovation β¨
New year greetings to all of you!
As we enter 2024, we want to thank each & every community member for being a part of our Bitcoin mission. We are working on big things for Bitcoin whilst staying true to our core values.
We look forward to your support in the new year as well. ποΈ
You can read the final 2023 ecosystem update for the month of December here: https://medium.com/interlay/december-ecosystem-update-546e268622d2
New year greetings to all of you!
As we enter 2024, we want to thank each & every community member for being a part of our Bitcoin mission. We are working on big things for Bitcoin whilst staying true to our core values.
We look forward to your support in the new year as well. ποΈ
You can read the final 2023 ecosystem update for the month of December here: https://medium.com/interlay/december-ecosystem-update-546e268622d2
Medium
December Ecosystem Update
Welcome to Interlayβs Ecosystem Update for December 2023!
π5π₯4
Join us to talk Gaming, Art and SocialFi on Bitcoin!
https://vxtwitter.com/build_on_bob/status/1752262940177187019?t=cu1dxEnceKIColIE18DWZg&s=19
https://vxtwitter.com/build_on_bob/status/1752262940177187019?t=cu1dxEnceKIColIE18DWZg&s=19
vxTwitter / fixvx
BOB | Build On Bitcoin @ EthDenver (@build_on_bob)
We have a stacked lineup for today.
Starts in 6 hours!
You donβt want to miss this, set your reminder β¬οΈ
https://x.com/build_on_bob/status/1751912289983213722?s=46
γQRT of BOB | Build On Bitcoin @ EthDenver (@build_on_bob):γ
'Join us for the 2nd Editionβ¦
Starts in 6 hours!
You donβt want to miss this, set your reminder β¬οΈ
https://x.com/build_on_bob/status/1751912289983213722?s=46
γQRT of BOB | Build On Bitcoin @ EthDenver (@build_on_bob):γ
'Join us for the 2nd Editionβ¦
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𧑠Announcing OptiMine π§‘
The team is excited to announce the new merged mining protocol OptiMine (short for Optimistically Sequenced Merged Mining) that allows the re-use of Bitcoinβs Proof-of-Work to secure other networks, including sidechains and (ETH) rollups while retaining fast Block times and high TPS.
It is the first step towards our ultimate goal to achieve Bitcoin security for Bitcoin assets (BTC, Ordinals, BRC20) and Ethereum security for Ethereum assets (ETH, stablecoins, ERC20s) on L2s, thus uniting the strengths of both ecosystems.
With the upcoming 2024 Bitcoin Halving, OptiMine will play a significant role in shaping security solutions for projects in the ecosystem.
Spread the word!
π https://x.com/build_on_bob/status/1752728536018718846?s=20
π https://gobob.xyz/optimine (Technical Paper)
The team is excited to announce the new merged mining protocol OptiMine (short for Optimistically Sequenced Merged Mining) that allows the re-use of Bitcoinβs Proof-of-Work to secure other networks, including sidechains and (ETH) rollups while retaining fast Block times and high TPS.
It is the first step towards our ultimate goal to achieve Bitcoin security for Bitcoin assets (BTC, Ordinals, BRC20) and Ethereum security for Ethereum assets (ETH, stablecoins, ERC20s) on L2s, thus uniting the strengths of both ecosystems.
With the upcoming 2024 Bitcoin Halving, OptiMine will play a significant role in shaping security solutions for projects in the ecosystem.
Spread the word!
π https://x.com/build_on_bob/status/1752728536018718846?s=20
π https://gobob.xyz/optimine (Technical Paper)
π6
β¨ January Ecosystem Update β¨
The January Ecosystem Update is here!
Check out all the new integrations, events & updates from the month of January in the Interlay ecosystem.
https://x.com/InterlayHQ/status/1754469148539646154?s=20
The January Ecosystem Update is here!
Check out all the new integrations, events & updates from the month of January in the Interlay ecosystem.
https://x.com/InterlayHQ/status/1754469148539646154?s=20
X (formerly Twitter)
Interlay | Bitcoin DeFi (@InterlayHQ) on X
Check out the January Ecosystem Update for a recap of last month's progress towards the #Bitcoin mission π
Medium link in the comments ππ
Medium link in the comments ππ
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β X space - Merged Mining β
Join us for a mining-packed session with our friends from the mining ecosystem as we discuss the potential of #Bitcoin POW for securing rollups & L2s in the backdrop of the OptiMine paper.
Co-founder Alexei will join mining industry leaders MarathonDH, ViaBTC & LuxorTechnology for a deep dive into all things merged mining.
Set your reminder
https://twitter.com/i/spaces/1RDGllOaOPmGL?s=20
Join us for a mining-packed session with our friends from the mining ecosystem as we discuss the potential of #Bitcoin POW for securing rollups & L2s in the backdrop of the OptiMine paper.
Co-founder Alexei will join mining industry leaders MarathonDH, ViaBTC & LuxorTechnology for a deep dive into all things merged mining.
Set your reminder
https://twitter.com/i/spaces/1RDGllOaOPmGL?s=20
π¨ USDC on Interlay π¨
Big Update β¨
Following the passing of Referendum #94, native USDC is now available on:
β DeFi Hub lending & borrowing market
β Create a USDC/INTR pool to allow users to pay transaction fees on Interlay with USDC
β Add USDC as collateral asset for vaults, operating the iBTC bridge
β Add qUSDC (tokenized lending position of USDC) as collateral asset for vaults, operating the iBTC bridge
Big Update β¨
Following the passing of Referendum #94, native USDC is now available on:
β DeFi Hub lending & borrowing market
β Create a USDC/INTR pool to allow users to pay transaction fees on Interlay with USDC
β Add USDC as collateral asset for vaults, operating the iBTC bridge
β Add qUSDC (tokenized lending position of USDC) as collateral asset for vaults, operating the iBTC bridge
π₯8π1
https://twitter.com/build_on_bob/status/1763642183087804822?t=XjuDMmD-i5Kr7x-LJkOZyA
We just announced BOB as a new type of hybrid L2 between Bitcoin and Ethereum and the launch date - at the Bitcoin halving π
Please amplify!
We just announced BOB as a new type of hybrid L2 between Bitcoin and Ethereum and the launch date - at the Bitcoin halving π
Please amplify!
X (formerly Twitter)
BOB (@build_on_bob) on X
JUST IN: BOB announced its Rollup roadmap at the Bitcoin Renaissance event, during #EthDenver 2024.
A thread w/ each phase explained by Co-Founder @alexeiZamyatin. π
A thread w/ each phase explained by Co-Founder @alexeiZamyatin. π
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π Interlay Community Call π
GM! It is a pleasure to invite you all for the Interlay Community Call!
Join me & Co-founder Alexei to discuss our progress, future plans & other important updates for the community in our Bitcoin mission!
Date - 7th March 2024
Time - 1 pm UTC
Where - https://discord.com/events/745259537707040778/1214179995124109322
See you there!
GM! It is a pleasure to invite you all for the Interlay Community Call!
Join me & Co-founder Alexei to discuss our progress, future plans & other important updates for the community in our Bitcoin mission!
Date - 7th March 2024
Time - 1 pm UTC
Where - https://discord.com/events/745259537707040778/1214179995124109322
See you there!
Discord
Discord - A New Way to Chat with Friends & Communities
Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.
π₯8
π Interlay X Invarch π
Interlay will support the $VARCH Airdrop by Invarch team. πͺ
Users who have used their $DOT and $vDOT on interlay can share in the 40m $VARCH airdrop share.
Learn more about the eligibility criteria in the blog posted by Invarch: https://invarch.medium.com/varch-airdrop-on-polkadot-bigger-better-febc73ab515d
Interlay will support the $VARCH Airdrop by Invarch team. πͺ
Users who have used their $DOT and $vDOT on interlay can share in the 40m $VARCH airdrop share.
Learn more about the eligibility criteria in the blog posted by Invarch: https://invarch.medium.com/varch-airdrop-on-polkadot-bigger-better-febc73ab515d
Medium
VARCH Airdrop on PolkadotβββBigger & Better.
Just 2-weeks ago, the InvArch Network sent a wave of hype & excitement across the Polkadot ecosystem after announcing that 20m VARCH wouldβ¦
π₯3β€1
π³οΈ ADJUSTING USDT & USDC LENDING MARKET PARAMETERS: Vote Now π³οΈ
A new proposal that aims to increase the market cap and liquidation threshold of USDT to match USDC on the Interlay Lending market is now live.
Supporting this proposal will enact the following:
- Increase the cap to $2M USDT.
- Increase the USDT liquidation threshold to 87% to match USDC.
Generally, this proposal will adjust the lending jump curve for both the USDT and USDC markets.
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/96d
A new proposal that aims to increase the market cap and liquidation threshold of USDT to match USDC on the Interlay Lending market is now live.
Supporting this proposal will enact the following:
- Increase the cap to $2M USDT.
- Increase the USDT liquidation threshold to 87% to match USDC.
Generally, this proposal will adjust the lending jump curve for both the USDT and USDC markets.
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/96d
interlay.subsquare.io
Adjust USDT and USDC lending market params
The $USDT lending market on Interlay was recently maxed out....
π1
π³οΈOPEN XCM CHANNEL WITH PHALA: Vote Nowπ³οΈ
A new proposal that aims to create a channel to transfer assets between Interlay and Phala has just gone live
Supporting this proposal will allow for more use cases for iBTC and could lead to $PHA being listed on the Interlay money market.
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/98
A new proposal that aims to create a channel to transfer assets between Interlay and Phala has just gone live
Supporting this proposal will allow for more use cases for iBTC and could lead to $PHA being listed on the Interlay money market.
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/98
interlay.subsquare.io
Open XCM channel with Phala (1 of 2)
This proposal requests to open an HMRP channel from Interlay...
π³οΈAdd BNC to Interlay DEX and Lending marketsπ³οΈ
A new proposal to add BNC to the Interlay lending market has just gone live
This proposal, If passed ,will enact the following:
β’ Add BNC to the Interlay DEX (as BNC-INTR pair)
β’ Create a money market for lending and borrowing BNC
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/97
A new proposal to add BNC to the Interlay lending market has just gone live
This proposal, If passed ,will enact the following:
β’ Add BNC to the Interlay DEX (as BNC-INTR pair)
β’ Create a money market for lending and borrowing BNC
You can vote now!
π https://interlay.subsquare.io/democracy/referenda/97
interlay.subsquare.io
Add BNC to Interlay DEX and Lending markets
There are currently no lending markets for Bifrostβs BNC tok...
β¨ March Ecosystem Update β¨
March was great and the Ecosystem Update is now live!
Check out all the new integrations, events & updates from the month of March in the Interlay ecosystem.π
https://x.com/interlayhq/status/1778020867999748568?s=46&t=QvXK1ZUsSpnM7y_MbK8T7g
March was great and the Ecosystem Update is now live!
Check out all the new integrations, events & updates from the month of March in the Interlay ecosystem.π
https://x.com/interlayhq/status/1778020867999748568?s=46&t=QvXK1ZUsSpnM7y_MbK8T7g
X (formerly Twitter)
Interlay | Bitcoin DeFi (@InterlayHQ) on X
March Was a splendid month at @InterlayHQ .π₯³
Check out The March Ecosystem Update for a recap of last month's progress towards the Bitcoin missionπ
Check out The March Ecosystem Update for a recap of last month's progress towards the Bitcoin missionπ
π1
π³οΈWeekly Governance Roundup π³οΈ
Attention community members,
Here's the Weekly Governance roundup!
Interlay Referendum #101
Subscan has been diligently providing operational and maintenance services for the Interlay network, and this proposal is to funding support from the Interlay Treasury to cover the operation and maintenance fees for the Subscan Explorer services provided for the Interlay network.
See more details here: https://interlay.subsquare.io/democracy/referenda/101
Kintsugi Referendum #141
This proposal is Subscan seeking funding support from the Interlay Treasury to cover the operation and maintenance fees for the Subscan Explorer services provided for the Kintsugui network.
See more details here:
https://kintsugi.subsquare.io/democracy/referenda/141
Discussion #263
This proposal seeks the Polkadot Treasury to support the Interlay community for more iBTC collateralization. The community proposes that the Polkadot Treasury support incentivizing 40 iBTC and proposes three methods to achieve this objective.
See more and vote here:
https://polkadot.subsquare.io/posts/263
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
Attention community members,
Here's the Weekly Governance roundup!
Interlay Referendum #101
Subscan has been diligently providing operational and maintenance services for the Interlay network, and this proposal is to funding support from the Interlay Treasury to cover the operation and maintenance fees for the Subscan Explorer services provided for the Interlay network.
See more details here: https://interlay.subsquare.io/democracy/referenda/101
Kintsugi Referendum #141
This proposal is Subscan seeking funding support from the Interlay Treasury to cover the operation and maintenance fees for the Subscan Explorer services provided for the Kintsugui network.
See more details here:
https://kintsugi.subsquare.io/democracy/referenda/141
Discussion #263
This proposal seeks the Polkadot Treasury to support the Interlay community for more iBTC collateralization. The community proposes that the Polkadot Treasury support incentivizing 40 iBTC and proposes three methods to achieve this objective.
See more and vote here:
https://polkadot.subsquare.io/posts/263
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
interlay.subsquare.io
Subscan-Funding Proposal for Interlay Network Operation and Maintenance Fee
# Dear Interlay Community,
We hereby submit our proposal fo...
We hereby submit our proposal fo...
π³οΈ Increase vault collateral ceiling for VDOT and qDOT π³οΈ
Attention community members,
Interlay Referendum #102 is live.
This proposal aims to increase the vDOT and qDOT vault limits.
More details here: https://interlay.subsquare.io/democracy/referenda/102
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
Attention community members,
Interlay Referendum #102 is live.
This proposal aims to increase the vDOT and qDOT vault limits.
More details here: https://interlay.subsquare.io/democracy/referenda/102
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
interlay.subsquare.io
Increase vault collateral ceiling for VDOT and qDOT
A user reported being unable to deposit additional VDOT into...
π1
π³οΈ Weekly Governance Roundup π³οΈ
Attention community members,
Here's the Weekly Governance roundup!
Referandum #103
This proposal will allow INTR tokens to be used as incentives on StellaSwapβs INTR-DOT pool for three months, with the possibility of renewal.
More details here: https://interlay.subsquare.io/democracy/referenda/103
Referendum #104
This proposal aims to open a channel to allow assets to be transferred between Interlay and Phala.
More details here: https://interlay.subsquare.io/democracy/referenda/104
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
Attention community members,
Here's the Weekly Governance roundup!
Referandum #103
This proposal will allow INTR tokens to be used as incentives on StellaSwapβs INTR-DOT pool for three months, with the possibility of renewal.
More details here: https://interlay.subsquare.io/democracy/referenda/103
Referendum #104
This proposal aims to open a channel to allow assets to be transferred between Interlay and Phala.
More details here: https://interlay.subsquare.io/democracy/referenda/104
Participate in governance & contribute to the Bitcoin revolution now!
Your vote counts. π³οΈβ
interlay.subsquare.io
Stellaswap <> Interlay Governance Proposal
# Stellaswap <> Interlay Governance Proposal
Note - you ca...
Note - you ca...
β€5π3π1
Closing a Chapter: Winding Down Interlay and Kintsugi
Interlay and Kintsugi are winding down.
After years of building trustless Bitcoin DeFi, we are winding down the Interlay and Kintsugi networks.
Action needed: withdraw your external assets (iBTC and kBTC, and bridged assets such as DOT, USDT, KSM) before 22 July 2026. After that date, the chains stop producing blocks, and any remaining funds are locked on the chain.
Note: INTR and KINT are native tokens and cannot be withdrawn. They will be frozen once the chains stop producing blocks.
The networks stay open source and can be restarted by the community. We are now continuing the Bitcoin DeFi mission at BOB.
Read the full announcement: https://x.com/InterlayHQ/status/2065344161788670027
Interlay and Kintsugi are winding down.
After years of building trustless Bitcoin DeFi, we are winding down the Interlay and Kintsugi networks.
Action needed: withdraw your external assets (iBTC and kBTC, and bridged assets such as DOT, USDT, KSM) before 22 July 2026. After that date, the chains stop producing blocks, and any remaining funds are locked on the chain.
Note: INTR and KINT are native tokens and cannot be withdrawn. They will be frozen once the chains stop producing blocks.
The networks stay open source and can be restarted by the community. We are now continuing the Bitcoin DeFi mission at BOB.
Read the full announcement: https://x.com/InterlayHQ/status/2065344161788670027
X (formerly Twitter)
Interlay | Bitcoin DeFi (@InterlayHQ) on X
Closing a Chapter: Winding Down Interlay and Kintsugi
π1
Reminder: withdraw your funds from Interlay & Kintsugi before 22 July 2026
External assets on the two chains total ~$400,000. After 22 July the chains stop producing blocks and any remaining funds would need to be unlocked by spinning up the chain again or going through governance on other chains.
INTR and KINT are native tokens and cannot be withdrawn.
External assets on the two chains total ~$400,000. After 22 July the chains stop producing blocks and any remaining funds would need to be unlocked by spinning up the chain again or going through governance on other chains.
INTR and KINT are native tokens and cannot be withdrawn.
Note: the vast majority of iBTC and kBTC has been liquidated. If you still hold iBTC or kBTC, withdrawing from vaults is likely not possible. Instead, you can burn iBTC or kBTC for the underlying collateral assets.
iBTC burn: https://app.interlay.io/btc?tab=burn
kBTC burn: https://kintsugi.interlay.io/btc?tab=burn
iBTC burn: https://app.interlay.io/btc?tab=burn
kBTC burn: https://kintsugi.interlay.io/btc?tab=burn
π©4