October Ecosystem Update

👻Trick: Spooky Sooning™️ (disclaimer: we're 𝘭𝘦𝘯𝘥𝘪𝘯𝘨 you knowledge that is neither a trick nor a drill 👀)

🎃Treat: New Integrations, crypto Halloween costume ideas for you to 𝘣𝘰𝘳𝘳𝘰𝘸, and upcoming events

🧵⬇️
1/ TL; DR: covered in this thread

Read the full October Ecosystem Update here for everything new at the forefront of #Bitcoin innovation ⬇️

medium.com/interlay/ecosy…
2/ As promised, here are some crypto costumes for Halloween that none of your normie friends will understand:

1. @stablekwon going for a jog 🏃🏽:
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 ꩜

4/ 3. A dying, poorly-manicured hedge with 3 arrows sticking out of it. #IYKYK

Apparently, hedge costumes are a thing, so start with this little number from @Target 🌳 🏹

Now that we've got our costumes down, let's talk...
5/ ✨Recent Highlights✨

💫 We launched a new integration with @AstarNetwork 🪢

Learn more about what that means in their blog post ⬇️
medium.com/astar-network/…

Or check out the TL;DR: in our thread ⬇️
6/ 🛫Upcoming Events🛬

We're going to be meeting a lot of you soon! Here are the IRL events you'll catch us at in November:

🇵🇹 @WebSummit Nov 1st - 4th in Lisbon, Portugal
🇬🇧 @token2049 Nov 9th - 10th in London, England
🇸🇻 @AdoptingBTC Nov 15th - 17th in El Salvador
7/ If you were skimming through to look for the Sooning™️ - stop here 🛑✋🏼

Join our Discord and be sure to attend our next Community Call on Wednesday, October 26th at 4 pm UTC 👀

You don't want to miss it. No tricks, only treats 🎃

Join our Discord ⬇️
discord.gg/bTHG2QvHwV
8/ 🚨New Section: Mention of the Month🚨

Yeah, we read all our mentions. From now on, we'll be sharing our #MentionOfTheMonth with our Ecosystem Update 👀

Our first #MOTM is backlogged but that's okay, it's the first one and it's really good 🥁🥁🥁
9/ This gem from @RobinsonBurkey

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 ⬇️ ⬇️

10/ That's it for our October Ecosystem Update!

Get in our mentions to be featured in the next one - cardigans not required but recommended #cozyseason ☕️

One last Alpha drop for your lizard brain: November's Ecosystem Update is one you don't want to miss. NOT A DRILL ⬇️👀
11/ 1. Get in our Discord ASAP to be the first to know what's next. You're on 𝘣𝘰𝘳𝘳𝘰𝘸𝘦𝘥 time so hurry 👀
discord.gg/bTHG2QvHwV

2. Follow @InterlayHQ and hit the bell thingy so you're alerted when we Tweet 🔔
12/ 3. Tell us your fave Halloween candy in the comments and we'll judge you based on your pick 🍫

4. Retweet the first tweet and we'll try to forgive you if you say Mounds 😬 ⬇️

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More from @InterlayHQ

Aug 16
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.
Read 12 tweets
Aug 14
Update on aUSD issue:

As far as our current investigation shows, *the Interlay parachain is NOT directly affected*

What we know so far: Thread 👇
1/
The issue occurred on Acala, around the time the iBTC/aUSD pool went live (13 August, 22:41 UTC).

The current suspicion is that the incentives pallet was paying too many aUSD rewards, allowing the attacker to "mint" 1.2 billion aUSD.

Full history:
acala.subscan.io/account/26JmEc…
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.
Read 5 tweets

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