Interlay Dev & Ecosystem Update #4
We haven’t been in touch for quite some time. Many things have happened at Interlay, and we are moving towards new horizons beyond the intensity of this late summer rush.
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Kintsugi, our interBTC’s canary network, participates in the second round of Kusama parachain auctions. Kintsugi’s kBTC brings radically open Bitcoin to Kusama to provide liquidity for projects like Karura, Shiden, Basilisk, and Moonriver. The users can earn yield with Kintsugi by hodling BTC with interest, farming real BTC, KINT (the governance token), kBTC and KSM in one, and arbitrage on kBTC and collateral. To create a proactive crowdloan process, Kintsugi released four special airdrops — 10% (1 million KINT) of the initial 4-year KINT supply.