3/ 2. The sweatpants and loafers guy with the 'Autonomous in DAO' Rube Goldberg machine, a 2022 Crypto Twitter highlight, copy of Infinite Jest and Slinky required ꩜
Not only can he rock a cardigan like no one's business (yeah Robinson we saw you at Polkadot Decoded, no this isn't a joke, cardigans are a whole ass vibe) but he clearly knows what he's talking about ⬇️ ⬇️
The first decentralized solution for bridging #Bitcoin to any chain is here.
What can you use it for?
Here are a few examples 🧵⬇️
1/ 🐻Hodling🐻
We had to start with the battle chant of the OG Bitcoiners. You have two options: hodl your Bitcoin in Interlay's decentralized network of secure and over-collateralized vaults or start your own vault after meeting criteria outlined here: bit.ly/3P60rFy
2/ Why hodl with Interlay? If you store your Bitcoin in a vault in our network, you can use your Bitcoin freely as iBTC while knowing your Bitcoin is safe in a vault. All locked Bitcoin is overcollateralized and insured.
2/ The main risk is/was that the attacker might buy iBTC and try to exit the system by redeeming for BTC - which would make it difficult for Acala to rollback / restore.
So far we *could not confirm* that any accounts associated with the attack tried to redeem iBTC.