Interlay
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Interlay

Ecosystem Update #4: 8 July 2022

Our mission to unlock the full potential of Bitcoin is more important than ever

Highlights

1. Interlay Launched on June 8th

On June 8th, Interlay went live, along with our crowdloan supporters claiming INTR. Our DApp went live on the same day. Read more about the launch here.

2. IBTC Testnet is Live, kBTC is Running on Kintsugi

We’re still a few weeks away from launching iBTC, but you can get started by spinning up a Vault on our live iBTC Testnet, which is currently live here, or with real value on our canary network, Kintsugi.

3. INTR Listed on Exchanges

Since launch, INTR was listed on Kraken, Gate.io, LBank, and MEXC Global.

Governance

1. INTR Claims Started and Staking was Activated by Community

The INTR crowdloan airdrop claim process has started. Please follow the steps described in the blog post.

2. XCM Channels

The XCM channel with Acala was successfully opened via community governance. The next XCM channel opening with Moonbeam is currently being finalized. More are to come soon — following Interlay’s goal to bring BTC to all Dotsama parachains and beyond

Kintsugi Updates

1. Urgent Security Patches on Our Canary Network Fixed

Two critical bugs were reported via the recently launched Immunefi bug bounty program. Within 24 hours, the bug reports were confirmed, fixed, and emergency upgrades deployed via fast-tracked referenda. Read the full postmortem below and learn more about the Immunefi bug bounty here.

Events

Our team and community have been busy diving into IRL events to share our message with the crypto community.

Interlay was invited to pitch our vision of unlocking Bitcoin’s full potential in a global, decentralized ecosystem — as one of 5 “Rising Star” companies with world changing potential.

1. Founders Forum

Alexei Zamyatin, Co-founder and CEO of Interlay, spoke at Founders Forum in London, a gathering of over 600 of the leading tech entrepreneurs and venture funds, including 150 unicorn founders. Interlay was invited to pitch our vision of unlocking Bitcoin’s full potential in a global, decentralized ecosystem — as one of 5 “Rising Star” companies with world changing potential. Read more in this Forbes article about the event and speakers, featuring Interlay.

Alexei Zamyatin Speaking at Founders Forum

2. Dotsama Prague

Our Head of Operations, Caroline Mascarin, gave a talk about Interlay at Dotsama Prague. She also participated in panels with other leaders in the Dotsama space.

Caroline Mascarin on a panel at Dotsama Prague

3. Polkadot Decoded

The Interlay team and Ambassador community attended Polkadot Decoded events all over the world, including Berlin, New York City, and Buenos Aires.

Our Community Innovators at Polkadot Decoded in Buenos Aires. Shout out to Blockya and Jose for the excellent work repping Interlay in Buenos Aires 🇦🇷
Our Developer Gregory Hill gave a talk at Polkadot Decoded in Berlin
Co-founder Alexei Zamyatin Speaking on the Polkadot Decoded stage in Berlin

From the Team

Members of the Interlay Team Members at Polkadot Decoded in Berlin (left to right: Greg, Caroline, Alexei, Chris, Henry)

1. Welcome Our New Team Members

Our new Frontend Engineer Rui will be joining us next week. Danilo, the new Head of Growth will be joining us in early August.

We continue to build and grow, not just our product, but our talent. The Interlay team has more than doubled in size in the past year, going from 11 to 24 team members.

2. We’re Hiring!

We currently have 1 position listed: Treasury Manager. If you’re interested in applying, here’s our workable page. You can also submit your resume at any time.

Call to Action

Jump into the Interlay ecosystem. We’re seeking responses from our community on the following.

1. We’re Looking for Vault Operators

As we get closer to the launch of iBTC, we’re continuing to reach out to our community members who are interested in operating a vault. If you would like to operate an iBTC vault, we want to hear from you! Please fill out this quick questionnaire so we can get to know you better and reach out with all the information you need to get started.

2. BTC DeFi Survey: Win Bitcoin Amsterdam Tickets

Fill out our BTC in DeFi Survey for a chance to win tickets to the Bitcoin Conference in Amsterdam this October.

3. Join Our New and Improved Innovator Programme

Our Innovators are an Integral part of our community, so with the launch of the Interlay mainnet, we’ve also launched our reimagined, redesigned, and revitalized Innovator programme.

Next steps — Roadmap Update

1. iBTC is ready for launch — from the technical side

There are a few things on the integrations and operational side that still should be finalized to make sure iBTC goes live with a bang.

2. iBTC testnet is live. All vault operators — please onboard

Whether you are a new Vault operator or have been already running on Kintsugi — please onboard to the Interlay testnet to make sure all is working as expected. We are planning to go live big right away this time (as opposed to the cautious launch of kBTC) and want to ensure all Vaults are ready when the community hits the “Launch” button. Fill out this questionnaire if you’re interested in running a vault. We want to hear from you!

3. More XCM channels

After Moonbeam, more XCM channels are being opened. While we cannot yet reveal with whom, you can assume these will bring new, interesting use cases for iBTC at launch.

4. DeFi integrations

  • Acala: integrating INTR to allow DEX swaps. Exploring how to use aUSD as collateral for iBTC and viceversa.
  • Moonbeam: opening XCM channel to enable iBTC and INTR liquid pools on DEXs. Exploring lending integrations.
  • Others being actively explored: iBTC for Astar dapp staking, RWA synergies via Centriguge, pools and liquid staking via Parallel… and how to bring iBTC to other ecosystems such as Ethereum, Avalanche, and Solana and make Polkadot the BTC interoperability hub.

5. More collateral assets

We are finalizing the modeling & simulations for aUSD as collateral and are already testing aUSD Vaults. First, aUSD Vaults will go live on Kintsugi and after testing and successful integration, it will deploy to Interlay.

About Interlay

We envision a future where blockchains seamlessly connect and interact: anyone can use any digital asset on any blockchain, trustless and without limitations. Interlay works with Bitcoin, Ethereum, Polkadot, Cosmos, and others to expand interoperability, capital efficiency, and openness.

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Interlay

Interlay allows you to use any asset on any DeFi platform. Fast, secure and trustless.