Welcome to Interlay’s Ecosystem Update for August 2023!
We are thrilled to share the exciting progress at Interlay last month. As a key player in the decentralized ecosystem, our mission has always been to foster innovation, scalability, and interoperability on Bitcoin.
General updates
Interlay announces BOB (Build On Bitcoin)
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
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/
Want some Early Alpha?
Watch the full Coindesk TV interview with Co-founder Alexei Zamayatin on Bitcoin sidechains and our new BTC Layer 2 stack BOB here:
qDOT & qUSDT live on Interlay
Following the passing of Referendum #64 on Interlay, qDOT & qUSDT are now available on the Interlay DeFi Hub allowing vaults to earn interest from lending and vault operation at the same time. This marks a big step forward in our mission to scale DeFi for Bitcoin.
To know more about qTokens, check out the tweet below 👇
iBTC x Multix
ChainSafeth’s Multix now supports the Interlay network!
Now you can harness the full potential of multisigs without the complexity on Interlay.
Explore True Bitcoin DeFi with a simple multisig UX.
Bitcoin Staking Blog
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
Community
Interlay x Nova Wallet Campaign
To celebrate the launch of Bitcoin DeFi Hub on Interlay, We also partnered up with Dotsama’s own Nova Wallet for an exciting joint campaign on Zealy.
A total of $1500 worth of iBTC rewards were distributed for the best educational content. Here are some of the best ones -
Governance
It was a busy month of governance with some important referendums & discussions.
➡️ 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 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 here: https://kintsugi.subsquare.io/democracy/referendum/122
That’s it from August, see you next month!
About Interlay
Interlay is the global layer for all things Bitcoin finance. BTC trading, lending, staking, and a way to deploy into other DeFi products. Trustless bridge at the core, AMM and money market on top, wrapped in a simple one-click interface with on/off-ramps and multi-chain support.
Follow both Interlay and Kintsugi on Twitter, join our Telegram, and hop in our Discord to keep up to date with daily updates from the team.
