Interlay has updated its system to the latest version. Here are the changes:
- Vaults can now redeem without sending BTC
- Refund protocol has been removed
- Issue requests can be executed after expiry if the Vault has enough collateral
- Issue requests can be cancelled by the user
- Collators can now lock vINTR to register as an authority. 

For more information, check out the links below:
- https://github.com/interlay/interbtc/releases/tag/1.19.0
- https://github.com/interlay/interbtc-clients/releases/tag/1.17.3
- https://github.com/paritytech/polkadot/releases/tag/v0.9.26

Upgrade to runtime v1.19.0

Open XCM Channel with Statemint - Part 2/2 - HRMP Accept

Web3alert.io is a service that listens for events on blockchain Interlay and sends notifications about them to messengers like Telegram, Discord and Slack. 

Web3alert.io needs maintenance costs for Interlay integration from 15 September 2022 to 15 March 2023 at the rate of 600 EUR/month (+ VAT).

The requested INTR for this maintenance is 4428 EUR / 0.049491 = 89 470 INTR (based on 7day avg rate by Coingecko).

The proposal is made by wdCFPKUXJ6fPAUEWkjTTrVDe8khjp4NLmQu2ruDRSM488JEmq and you can see the full proposal by clicking on the link provided.

Treasury spend for Maintenance of web3alert.io Interlay integration for 6 months.

Open XCM Channel with Astar - Part 2/2 - HRMP Accept

- Interlay has a program called the Innovator program for community members to complete paid tasks and bounties.
- The program has been tested and is now ready for the main launch.
- A proposal has been made to allocate INTR tokens from the treasury for 3 months worth of payments for the Innovator program and to pay those who have been trial-testing the program.
- The proposal also includes payment for previous work done by key members of the community.
- Payment for the Innovator program will occur once per month and will be made in locked INTR tokens.

Allocate the usage of treasury funds towards the newly launched ‘Innovator Programme’

- The proposal suggests sending 480k INTR tokens to a designated address for a pool on Beamswap.
- This will create more use cases for iBTC and increase its liquidity.
- The iBTC/multiUSDC pool will be incentivized for 3 months.
- The proposal requests an upgrade to a public referendum for a quick decision.
- If successful, the funds will be transferred to the designated address.

Use Treasury Funds To Incentivise iBTC / multiUSDC pool on Beamswap (Moonbeam) 

- SubSquare is proposing to open a channel between Interlay and Statemint.
- This will allow assets to be transferred between the two and create more use cases for iBTC.
- There will be two referenda for this proposal, with the first one being to open the channel to Statemint.
- Polkadot governance also needs to pass a referendum to accept this open channel.
- SubSquare is requesting that this proposal be fast-tracked to move towards actual use cases quickly.

Request To Open XCM channel with Statemint - Part 1/2 (HRMP INIT)

Open XCM Channel with Parallel - Part 2/2 - HRMP Accept

- Interlay wants to add a new asset called LDOT to their platform.
- LDOT is a liquid token that allows users to stake their DOT while still being able to use it.
- Adding LDOT will allow for more capacity for vaults using it as collateral.
- It will also allow vaults to earn more by staking DOT.
- Interlay wants to add LDOT quickly and is requesting that this proposal be upgraded directly to a referendum.

Register LDOT as a foreign asset on Interlay

- StellaSwap wants to use INTR tokens from the Interlay Treasury to incentivize a new iBTC/GLMR pool on their platform.
- This will help increase iBTC liquidity and potentially make it a collateral on lending/borrowing platforms.
- StellaSwap has already prepared incentives for the first 15 days of the pool, but they want to extend it to 3 months.
- They are requesting an upgrade to a public referendum by the TC to ensure the incentives arrive within 15 days from the pool launch.
- If successful, the referendum will execute and the funds will be transferred to StellaSwap's designated address.

Use Treasury Funds To Incentivise iBTC / GLMR pool on StellaSwap (Moonbeam) - public proposal #19

- XCM channel will be opened to Astar
- Assets can be transferred between Interlay and Astar
- This will create more use cases for iBTC
- There will be two referenda, one for each direction of communication
- Astar needs to pass a referendum as well to accept the open channel

Request To Open XCM channel with Astar - Part 1/2 (HRMP INIT)

- The post talks about making it easier and faster to issue IBTC.
- They suggest changing a parameter to its original value of 24 hours.
- Currently, the delay is 14,400 blocks which is around 48 hours.
- Lowering the delay to 7,200 blocks will reduce the time to 24 hours.
- This change will not cause any risk to interlay vaults and will help reject any bad requests faster.

Change Issue deadline to 24hours

- A referendum is like a vote to decide if two groups can share things between them.
- This referendum is about letting two groups, Interlay and Parallel, share things called assets.
- This is the first part of two referenda to let them share things both ways.
- Both groups have to agree for this to happen.
- They want to make this happen quickly so they can start using it for different things.

Request To Open XCM channel with Parallel - Part 1/2 (HRMP INIT)

- Interlay team has informed the community about activating Vault rewards ahead of iBTC launch on August 10th.
- A proposal has been made to activate Vault rewards via on-chain governance.
- Vault rewards distribution will start on August 11th in the morning.
- The proposal is being requested to be instantly promoted to a public referendum by the TC.
- If successful, the referendum will execute around August 10th after 7 days of voting.

Activate INTR Rewards for Vaults on Interlay

- SubSquare is proposing a change to the amount of griefing collateral required when submitting new issue requests.
- The current amount is 0.005% deposit and the proposal is to change it to 0.5% to match Kintsugi's parameters.
- The proposed value for the griefing collateral is 5,000,000,000,000,000.
- This change is being requested due to ongoing activity hampering new issuance.
- For more information, you can check out the links provided to the Interlay and Kintsugi websites.

Raise Griefing Collateral % - public proposal #14

Open XCM Channel with Equilibrium - HRMP Accept and HRMP Request

- The proposal is about increasing the DOT Vault Collateral Ceiling on Interlay.
- The new ceiling will be 2,450,000 DOT, which is worth around 20,000,000 USD.
- This is needed for the launch of iBTC and to provide enough capacity for initial BTC liquidity growth.
- DOT is the main collateral for iBTC at launch.
- They are requesting TC fast-track to quickly set the initial system settings.

Set initial DOT Collateral Ceiling to 2,450,000 DOT

Interlay has released a new version of iBTC Vaults called `1.18.0`. This is an important upgrade that is required for the production deployment of iBTC Vaults. The new version has some major additions and changes since the last release, including individual secure thresholds and vault account recovery. The most significant change is the removal of theft reporting, which was done to address critical bugs related to the parsing of Bitcoin transactions. A formal discussion and decision on theft reporting will be made on Kintsugi. The Technical Committee has requested a fast-track for this upgrade.

Upgrade to runtime v1.18.0

Open XCM Channel with Moonbeam - Part 2/2 - HRMP Accept and HRMP Request

- A proposal to raise the DOT Collateral Ceiling was submitted with a mistake in its code.
- This proposal aims to execute the correct code to raise the ceiling to 150000 DOT.
- The community has already voted and agreed on this proposal via Referenda 6.
- The proposal is requesting a fast-track to be executed since it has already been approved.
- Referenda 6 is the previous vote that approved the proposal.

Execution of Referenda 6 - Set initial DOT Collateral Ceiling to 150000 DOT

- Interlay is preparing to launch IBTC and vaults will start adding collateral.
- To avoid issues encountered during the launch of Kintsugi, Interlay wants to set a high initial collateral ceiling of 150000 DOT.
- This will give more confidence in the stability and sturdiness of the system.
- Interlay may revise increasing the ceiling further at a later date.
- Interlay is requesting TC fast-track to move quickly with setting initial system settings.

Set initial DOT Collateral Ceiling to 150000 DOT

- Interlay has made some changes to their software called XCM configuration.
- These changes are needed to set up channels.
- There is now a limit on how many rewards can be given out early on.
- There was also an important update called `polkadot-v0.9.24` which fixed a potential attack.
- For more information, you can check out the links provided.

Upgrade to runtime v1.15.0

Request To Open XCM channel with Moonbeam - Part 1/2 (HRMP INIT) 

Open XCM channel with Acala - HRMP ACCEPT and HMRP REQUEST

Open XCM channel with Acala - Part 1/2 (HRMP INIT)

- Interlay has made some changes to their software called XCM configuration for setting up channels.
- They added a new feature called INTR per iBTC limit which can help prevent giving out too many rewards too quickly.
- They also updated their software to include a fix for a potential DoS attack vector.
- This update is very important and needs to be done quickly.
- For more information, you can check out the links provided.

Upgrade to runtime v1.15.0 - Fast Track

- The Interlay team wants to activate rewards for staking INTR.
- They need to make a proposal to activate the rewards.
- They want the Technical Committee to approve the proposal quickly.
- If the Technical Committee approves the proposal, the rewards can start right away.
- Without the Technical Committee's approval, the rewards would be delayed for up to 2 weeks.

Democracy Referenda