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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🧑 Announcing OptiMine 🧑

The team is excited to announce the new merged mining protocol OptiMine (short for Optimistically Sequenced Merged Mining) that allows the re-use of Bitcoin’s 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!
πŸ”— https://x.com/build_on_bob/status/1752728536018718846?s=20
πŸ”— https://gobob.xyz/optimine (Technical Paper)
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✨ January Ecosystem Update ✨

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
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⛏ X space - Merged Mining ⛏

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
🚨 USDC on Interlay 🚨

Big Update ✨

Following the passing of Referendum #94, native USDC is now available on:

βœ… DeFi Hub lending & borrowing market

βœ… Create a USDC/INTR pool to allow users to pay transaction fees on Interlay with USDC

βœ… Add USDC as collateral asset for vaults, operating the iBTC bridge

βœ…Add qUSDC (tokenized lending position of USDC) as collateral asset for vaults, operating the iBTC bridge
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πŸ“ž Interlay Community Call πŸ“ž

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!
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πŸŽ‰ Interlay X Invarch πŸŽ‰

Interlay will support the $VARCH Airdrop by Invarch team. πŸͺ‚

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
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πŸ—³οΈ ADJUSTING USDT & USDC LENDING MARKET PARAMETERS: Vote Now πŸ—³οΈ

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!
πŸ”— https://interlay.subsquare.io/democracy/referenda/96d
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πŸ—³οΈOPEN XCM CHANNEL WITH PHALA: Vote NowπŸ—³οΈ

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!
πŸ”— https://interlay.subsquare.io/democracy/referenda/98
πŸ—³οΈAdd BNC to Interlay DEX and Lending marketsπŸ—³οΈ

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!
πŸ”— https://interlay.subsquare.io/democracy/referenda/97
✨ March Ecosystem Update ✨

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.πŸ‘‡

https://x.com/interlayhq/status/1778020867999748568?s=46&t=QvXK1ZUsSpnM7y_MbK8T7g
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πŸ—³οΈWeekly Governance Roundup πŸ—³οΈ

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. πŸ—³οΈβœŠ
πŸ—³οΈ Increase vault collateral ceiling for VDOT and qDOT πŸ—³οΈ

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. πŸ—³οΈβœŠ
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πŸ—³οΈ Weekly Governance Roundup πŸ—³οΈ

Attention community members,
Here's the Weekly Governance roundup!

Referandum #103

This proposal will allow INTR tokens to be used as incentives on StellaSwap’s 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. πŸ—³οΈβœŠ
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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
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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.
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
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Interlay & Kintsugi Announcements pinned Β«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…»