Topic: Interlay/Kintsugi (Polkadot/Kusama ecosystems) (Read 315 times)

No tokens have been distributed since the pre-claim

https://medium.com/interlay/kintsugi-the-first-60-days-of-decentralized-bitcoin-87085c2bf717
Kintsugi is Market Resistant: Kintsugi’s network withstood extreme market conditions throughout the launch that included a 40% shrinking of the TVL locked in DeFi as well as the “big KSM unlocking”. No Vaults were liquidated due to price volatility.
..

https://interlay.medium.com/start-your-intr-claim-process-b2674f797608
Start Your INTR Claim Process!

"INTR has taken one step closer to distribution! As of today you can now sign the Terms & Conditions and kickstart your INTR claim process.

What does this mean?
As with all distributions occurring on Polkadot, you’ll need to sign the terms & conditions before you receive your INTR, doing so helps speed up the overall claiming process, helping increase liquidity right from the start.

This means your INTR will be airdropped to you once distribution is ready later on this month!"

Trustless Bitcoin Bridge Launched on Kusama Network. Polkadot Next.
https://medium.com/interlay/trustless-bitcoin-bridge-launched-on-kusama-network-polkadot-next-948bb5008170

"As a canary network, kBTC is following a multi-phase launch process. While anyone can spin up a Vault, initially the amount of BTC locked will be limited — using collateral ceilings like in MakerDAO.
The initial ceiling is USD 400,000 worth KSM collateral. Once maxed out, governance will propose to double the ceiling to 800k, then to 1.6 million, etc. gradually scaling. In parallel, new kBTC integrations and use cases will be released, balancing supply and demand."

Polkadot is in Miami during Bitcoin 2022! Come by and learn all about the censorship-resistant blockchain that’s bridging to Bitcoin
https://www.eventbrite.com/e/introduction-to-polkadot-bitcoin2022-registration-310327406627?

Activate KINT Vault Rewards referendum
https://kintsugi.subsquare.io/democracy/referendum/18

https://medium.com/interlay/interlay-parachain-launch-roadmap-e0a2cced1d4f
Interlay Parachain Launch Roadmap
"Interlay has secured a Polkadot parachain slot in Batch 2 and is going live on Polkadot on 11 March 2022. Now, it’s time to outline the next steps!"

PUBLIC Interlay Launch Roadmap
https://interlay.notion.site/2fc1c75ed57a465c941f25312d629908?v=785e5fc077284625b4150ceb83df209f

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

"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

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

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

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

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."

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.

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

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)"

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."

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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."

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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."

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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]

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.

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.

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."

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.

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!"