Interlay/Kintsugi (Polkadot/Kusama ecosystems)

[zasad@]

Kusama ecosystem
Kintsugi       Wins Auction for Parachain in the Kusama Ecosystem



https://kintsugi.interlay.io/
https://twitter.com/kintsugi_btc
https://medium.com/interlay
https://t.me/interlay_community


https://www.coingecko.com/en/coins/kintsugi


KINT Tokenomics
https://docs.interlay.io/#/kintsugi/tokenomics

"KINT features an unlimited supply. The emission schedule is defined as follows:

10 million KINT emitted over the first 4 years
2% annual inflation afterwards, indefinitely."

Kintsugi Launch Roadmap
https://interlay.notion.site/07841855b3b5413ebc5174388d4a3e31?v=6392a91ab64b4c258e8bd5206daf3a96

Kintsugi
https://parachains.info/details/kintsugi

"Kintsugi is interBTC’s canary network, developed by Interlay under the supervision of Kintsugi Labs, a non-profit oriented organization responsible for Kintsugi’s launch and the support of the decentralized network and ecosystem.
Kintsugi’s kBTC brings radically open Bitcoin to Kusama to kickstart liquidity for parachains like Karura, Shiden and Moonriver. kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized network of collateralized Vaults. Users must only ever trust that Bitcoin and the DeFi platform they use are secure."

Polkadot ecosystems

Interlay

https://interlay.io/
https://t.me/interlay_community
https://twitter.com/interlayHQ

FAQ
https://docs.interlay.io/#/start/faq

INTR Tokenomics
https://docs.interlay.io/#/interlay/tokenomics

"INTR features an unlimited supply. The emission schedule is defined as follows:

1 billion (1,000,000,000) INTR emitted over the first 4 years
2% annual inflation afterwards, indefinitely."


Interlay
https://interlay.io/

https://twitter.com/InterlayHQ
https://t.me/interlay_community
https://medium.com/interlay

"About Interlay & interBTC
At Interlay, we envision a future where blockchains seamlessly connect and interact: anyone can use any digital asset on any blockchain, trustless and without limitations.
Our flagship product is interBTC — Bitcoin on any blockchain. A 1:1 Bitcoin-backed asset, fully collateralized, interoperable, and censorship-resistant, realizing the true free nature of BTC and decentralized finance. Hosted on Polkadot & Kusama, interBTC will be available on all major DeFi platforms, incl. Ethereum and Cosmos."
https://medium.com/interlay/announcing-the-interlay-interbtc-ambassador-program-743553540698


https://twitter.com/InterlayHQ/status/1430190873090748418
"We are thrilled to reveal
@kintsugi_btc
 -
@inter_btc
's canary network on
@kusamanetwork  - running for one of the next 5 parachain slots! "


"5/5 Why "Kintsugi"?

Inspired by the ancient Japanese tradition of embracing the flawed and imperfect, Kintsugi accepts the nascent DeFi ecosystem on Kusama as chaotic while constantly being perfected by golden streaks of its community."
https://twitter.com/InterlayHQ/status/1430203891359027200

Announcing the Interlay & interBTC Ambassador Program
https://medium.com/interlay/announcing-the-interlay-interbtc-ambassador-program-743553540698

Decentralized bridge - testnet
https://bridge.interlay.io/

https://docs.interlay.io/#/start/overview

[zasad@]

https://medium.com/interlay/the-interlay-parachain-is-coming-to-polkadot-552a57ff8d1b
Interlay Parachain пpиxoдит в Polkadot

"The Interlay Network parachain will bid for a Polkadot parachain slot in batch 2 of the upcoming auctions (slot 6–11), starting 23 December 2021. If Interlay wins a parachain slot, it will go live on 11 March 2022

(see Polkadot roadmap here).
https://polkadot.network/blog/polkadot-is-ready-for-parachains/

Why don’t you join the 1st batch?
…you may ask. The answer is simple: there is no reason to rush!

We have just won a Kusama slot for Kintsugi. Before we do anything on Polkadot, Kintsugi will go live with all features.
Interlay’s interBTC lives from XCM. As long as other parachains and XCM is not 100% ready, interBTC cannot unfold it’s full potential.
Kusama is still not 100% stable. Before Polkadot will enable all features, incl. XCM, this will happen on Kusama — where we will be testing with Kintsugi and kBTC."





The Future of Interoperability
https://medium.com/interlay/the-future-of-bridging-assets-837998115f6b
"Existing BTC (and most other) bridge are all centralized and custodial. Just like USDT / USDC.
$17 billion worth of BTC is at risk — and could crash the entire DeFi market.
interBTC revolutionizes how BTC is used in DeFi — trustless and decentralized. It’s like DAI, but better (you can redeem for physical BTC!).
interBTC is just the start. More assets on more chains. Cross-chain DEX and OG NFTs. Smart contracts and moonshot projects.
1st moonshot project WIP: non-custodial BTC DeFi. Keep BTC in your wallet, earn yield with 1 click.

Our flagship product is interBTC — Bitcoin on any blockchain. A 1:1 Bitcoin-backed asset, fully collateralized, interoperable, and censorship-resistant, realizing the true free nature of BTC and decentralized finance. Kintsugi is our canary network on Kusama — the innovation hub of the Interlay network.
"


Kintsugi Launch Roadmap: The Path to Bitcoin on Kusama
https://medium.com/interlay/kintsugi-launch-roadmap-the-path-to-bitcoin-on-kusama-c2c6aa528f7

"Finally, we have been working on two features that will make Kintsugi even more useful to Kusama:
The first true Bitcoin decentralized exchange, allowing anyone to swap BTC against KSM, kBTC, kUSD and any other asset on Kusama. This DEX will also support Bitcoin’s OG NFTs, such as PepeCash (Counterparty coloured coins).
EVM-Support which will allow anyone to write smart contracts on top of Kintsugi, while getting access to Bitcoin-specific functions (pre-compiled contracts)."


https://medium.com/interlay/interlay-dev-ecosystem-update-5-c10a608cefe4
Interlay Dev & Ecosystem Update

https://medium.com/interlay/the-interlay-parachain-is-coming-to-polkadot-552a57ff8d1b
"The Interlay Network parachain will bid for a Polkadot parachain slot in batch 2 of the upcoming auctions (slot 6–11), starting 23 December 2021. If Interlay wins a parachain slot, it will go live on 11 March 2022 ."
https://polkadot.network/blog/polkadot-is-ready-for-parachains/


https://twitter.com/InterlayHQ/status/1463785493645176840
"A reminder! Friday WEEKLY AMAMeгaфoн with the participation of our brilliant developer
@gregorydhill  + community manager Remy

We will discuss

#Governance
#Roadmap Recap

12:00 2:15pm UTC
26th November (Friday) "


https://twitter.com/InterlayHQ/status/1465739088451936259
"Interlay hereOгoнь Getting ready for the @Polkadot parachain crowdloan and auction in Batch 2! 
Tokenomics are ready - 10% goes to crowdloan airdrop.
We've got some special treats for those who like to experiment and learn

Special EARLY REWARDSКoнфeтahttps://crowdloan.interlay.io
 
2.5% for participating in the Interlay Quiz 
2.5% for minting interBTC in testnet
 
Hurry up while they last!!! 
The official crowdloan starts soon"

[moderator's note: consecutive posts merged]

[Dron Pelya]

As for KINT tokens. Team said that they would run Kintsugi parachain before Christmas. I think distribution of KINT will be started around the same time. So we should wait a little more.

[zasad@]

https://medium.com/interlay/community-update-bcc4584da12d
Community Update:
What’s happening with the Ambassador Program?
"With so many talented people in the Program, it’s only fair we provide all of you an opportunity to show your skills, knowledge and creativity. To do so, we focus on three thematic work areas, that we believe are of great importance for the community at this very moment.
The three work areas are:
Education
Usability & Tech
Engagement & Growth"

[Dron Pelya]

https://medium.com/interlay/community-update-bcc4584da12d
Community Update:
What’s happening with the Ambassador Program?
"With so many talented people in the Program, it’s only fair we provide all of you an opportunity to show your skills, knowledge and creativity. To do so, we focus on three thematic work areas, that we believe are of great importance for the community at this very moment.
The three work areas are:
Education
Usability & Tech
Engagement & Growth"

I have just read this article about Ambassador Program. I really surprised how seriously Interlay team refer to their community. It's interesting to see how this program will be running, and what rewards will be given there.

[zasad@]

The Interlay Parachain Crowdloan Opens on 14 December
https://medium.com/interlay/the-interlay-parachain-crowdloan-opens-on-14-december-40bbf98656ba
"Interlay is entering the Polkadot auction in Batch 2 to win a parachain slot (6–11) and will hold a crowdloan to collect support from the community.
Crowdloan Reward Structure
Interlay allocates 10% of the initial 4-year supply (100,000,000 INTR) to crowdloans. Airdropped INTR will be subject to vesting: 30% available when transfers are enabled, 70% vests linearly over 96 weeks.
For those who like to experiment and learn, we have opened Early Bonuses:
Early bird: 10% Contribute before the start of Auction #6 (23 Dec.)
Challenges: 2.5% for the Quiz, 2.5% for minting interBTC on testnet. Attention: You MUST use the same account as you‘ll use for the crowdloan contribution!"

[Dron Pelya]

There is an opportunity to claim KINT reward for participation in Kintsugi crowdloan on Kusama. But who has partisipated in auctions using exchanges doesn't have such opportunity yet. More information is here.

[zasad@]

Interlay Raises $6.5M to Bring Bitcoin DeFi to Polkadot
"Key Takeaways
Interlay has raised $6.5 million in a funding round led by DFG.
The project plans to introduce tokenized Bitcoin to the Polkadot ecosystem.
The team is also hoping to launch a Polkadot parachain dedicated to Bitcoin-focused DeFi."

[cryptoaddictchie]

There is an opportunity to claim KINT reward for participation in Kintsugi crowdloan on Kusama. But who has partisipated in auctions using exchanges doesn't have such opportunity yet. More information is here.

I don't contributed via fearless wallet app and accessing it to polkadot.js there is some error on showing the tokens via balance since there is something wrong on Kintsugi setting but they show how the tokens are claimed with some witty set up. I'm sure many have contributed via that site and app, so they thinking the tokens hasn't arrived but when they sign up the T and C they can see it claimed and safe.

[Kitaiev]

KINTSUGI LISTING ON THE GATE

KINT/USDT pair - https://www.gate.io/ru/trade/KINT_USDT

According to Alexei Zamyatin, THE = October. Therefore, about 40% of the coins are now available from the crowdloan.
now about 7% of the coins from the saplai have been unlocked.
To get the latest unlocked KINT tokens, the instruction is different from the primary claim. You don't need to wait 48 hours they'll be unlocked immediately after following the instructions.

Here is the guide - https://docs.interlay.io/#/kintsugi/guides?id=claim-vested-tokens.

[zasad@]

Interlay’s 2021: A Year of Development and Growth
https://medium.com/interlay/interlays-2021-a-year-of-development-and-growth-1f4d596212a2
"Here are some of our most memorable scores!
From a company of few members, we grew into an extraordinary team of 17 people from all across the globe;

Our community expanded from a few hundred to over 30k on Twitter (@interlaqHQ, @kintsugi_btc, @inter_btc), Discord, and Telegram;

In 4 months only, we managed to launch a solid Ambassador Programme, and now over 100 ambassadors are volunteering to test, educate, and grow the community;

We raised $9.5 million in venture capital to fund growth and development, and wrote tens of thousands of lines of code;

We completed 2 security audits (NCC and Informal Systems);

We were awarded 2 Grants: continuing the Web3 Foundation grant on Polkadot and starting a new collaboration with Cosmos’ Interchain Foundation.
One of our largest achievements, after two years of hard work, we won a Kusama parachain slot with Kintsugi, Interlay’s canary network, with 200,000 KSM locked from 11,000+ supporters. In December, Kintsugi launched as a 100% decentralized network following our commitment to staying true to Bitcoin’s vision of creating a new, radically open financial system."


Kintsugi (KINT) Trading Starts January 6 – Deposit Now
https://blog.kraken.com/post/12394/kintsugi-kint-trading-starts-january-6-deposit-now/
"You can add KINT to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Deposits require 25 confirmations.

KINT will be tradable against USD and EUR, with a price precision of 2 decimal places.

Note: Trading is not available to residents of the USA, Canada, Australia and Japan."


Substrate Builders Program Milestone Update: January 2022
https://www.parity.io/blog/substrate-builders-program-milestone-update-january-2022
"Interlay is a decentralized network dedicated to connecting Bitcoin with meta-protocols like Polkadot and smart contract blockchains like Ethereum.

For their first milestone as part of the SBP, the team at Interlay integrated the Democracy, Collective, Membership, and Society pallets into the chain code, as well as determined and configured sensible parameters for Interlay.
Implemented the distribution of governance tokens to participants based on their contribution with the help of a modified version of the Scalable Reward Scheme when dealing with changing stake sizes.
Deployed advanced tests for the new governance model such as upgraded chain on referenda, and recovering chain using governance after possible attack."


CRYPTO SYZYGY : AMA Session With INTERLAY
https://medium.com/crypto-syzygy-chatbox/crypto-syzygy-ama-session-with-interlay-c044d089e752
"Alexey Zamyatin, CEO and co-founder of Interlay, answers interesting questions.
interBTC is based on the XCLAIM framework - a top-tier, peer-reviewed academic paper. https://eprint.iacr.org/2018/643.pdf
We have written a 200+ page specification that we use for audits and in the future - formal verification of our code: https://spec.interlay.io/
Our code is 100% open source and has been audited by 2 companies (NCC and Informal Systems). A 3rd audit starts in 2 weeks, and there are more audits scheduled in 2022."

[moderator's note: consecutive posts merged]

[zasad@]

Kintsugi Roadmap Update
https://medium.com/interlay/kintsugi-roadmap-update-2c57042a8f9

"kBTC Launch Roadmap
Step 1: Kintsugi Dapp Release & Transfer UI — End of January!
We are releasing the first version of the Kintsugi Dapp (Kintsugi version of https://bridge.interlay.io/)

Step 2: Governance and Stake-to-Vote
Since Kintsugi is 100% decentralized, KINT holders must vote to activate the kBTC bridge. Remember: to vote, KINT holders must stake their KINT tokens (https://docs.interlay.io/#/kintsugi/governance)"

[PolcaInvest]

The testnet reset https://testnet.interlay.io/ is scheduled for 12:00 UTC on 9 Feb 2022. Expect minor downtime during the reset of about 1 hour.
The testnet will be completely reset, all of your testnet DOT and interBTC balances will be set to 0. Moreover, we will switch the testnet to the Kintsugi deployment so that you will use KSM as collateral and kBTC.
https://t.me/interlay_community/30114

[zasad@]

Community Update! #2
https://medium.com/interlay/community-update-2-e237fd3d03f5

"Interlay x Moonbeam AMA!
Realsatoshinet x IOSG x Interlay!
Interlay x PolkaHäus x Composable!
Polkadot Conversations: Parachain Rollouts!
CryptoSyzygy x Interlay AMA!
Interlay x Masterclass “Como nunca antes”
Ambassador Promotions!"
And other interesting news can be found in the article.

[zasad@]

https://twitter.com/InterlayHQ/status/1496872857946800132
"We did it again❗️ @interlayhq won @polkadot parachain slot auction 10 with 11 644 contributions 🎉 Thank you to everyone who has been with us on this memorable journey and supports our mission ✨ Trustless Bitcoin is coming to this awesome ecosystem! Onward and forward 🚀"

https://medium.com/interlay/are-you-ready-to-run-a-vault-2e81fe1767cf
"Risks of Running a Vault
Price fluctuations — The Vaults take on liquidation risk in the event of a significant drop in the relative price of the collateralized assets. In addition to over-collateralization, this risk is mitigated with a diversified multi-collateral system. This measure reduces the single point of failure in the event of an individual collateral asset’s rapid drop in value.
Oracle failures — Vaults depend on reliable oracle support to feed accurate exchange rate information. Interlay has installed auto-shutdown mechanisms and partners with multiple reliable oracle providers to avoid mistaken liquidations.
Software bugs — This risk is present in all software. The best way to avoid harmful bugs is to use best coding practices, provide transparency through open-source code, implement frequent audits, and have a competent engineering team with peer-reviewed research. Visit Interlay’s GitHub page to verify best practices, auditing, and transparency.
Blockchain failure — This risk exists outside of our control. The best one can do is independently research the open-source code base of Bitcoin and Kusama, and manage risk accordingly."

https://medium.com/interlay/kintsugi-vesting-configuration-update-2d199239a0c8
"Kintsugi Vesting Schedule
Our team is aware that vesting does not respect our code that sets the requirement that 70% of the tokens should vest for a total of 48 weeks. The root cause for this issue stems from the fact that parachains should produce a block every 12 seconds, but in reality block production is slower (22 seconds at the moment). This problem affects other parachain teams as well. We are working towards fixing the issue."


https://medium.com/interlay/kintsugi-whizzes-we-are-running-a-lottery-beacbded2786
"Kintsugi Whizzes, We are Running a Testnet Lottery!

Help us stress-test the Kintsugi bridge and become part of launching the best BTC bridge on Kusama, https://bridge.interlay.io/.
…And you get a chance to win some KINT 🍀🍀🍀
Who will be the lucky one?
For two weeks in a row, we will airdrop every day 20 KINT to a randomly selected issue and redeem request and 20 KINT to a randomly selected Vault."

[PolcaInvest]

Kintsugi Integrates Subscan Blockchain Explorer
https://medium.com/interlay/kintsugi-integrates-subscan-blockchain-explorer-237413f19560

[zasad@]

MOVR/xcKINT Bootstrap and Liquidity Incentive Program to be launched on Zenlink DEX
https://medium.com/zenlinkpro/movr-xckint-bootstrap-and-liquidity-incentive-program-to-be-launched-on-zenlink-dex-99be88202cc
https://dex.zenlink.pro/#/bootstrap/list

Kintsugi Integrates with SubSquare Governance Platform
https://medium.com/interlay/kintsugi-integrates-with-subsquare-governance-platform-b2abb4babc51

[PolcaInvest]

When will the tokens be distributed to participants of Auctions on Polkadot Ecosystem?

[zasad@]

When will the tokens be distributed to participants of Auctions on Polkadot Ecosystem?

"Hi, our goal for distributing of INTR is 4-6 weeks after we launch the network, similar to other projects.
Participants will receive INTR after Interlay wins a parachain slot (February 24th), launches the network (March 11th), and enables token transfers (TBA). 30% will be available when transfers are enabled, the remaining 70% vest linearly over 96 weeks (there parachain lease duration).
The team is working hard on bringing it out ASAP, and will keep everyone updated. Thank you very much and congratulations "
https://t.me/interlay_community/33121

[PolcaInvest]

KINT Staking Rewards can be Activated
Staking rewards are ready to be activated, according to the Kintsugi tokenomics: 5% of 4 year supply (i.e., 500k KINT), emitted linearly (i.e., 125k KINT per year).
https://kintsugi.subsquare.io/post/2