Proposal: PolkaBTC Beta Testnet Incentives
PolkaBTC is the trustless wrapped Bitcoin representation on Polkadot, imported via the Bitcoin bridge (BTC-Parachain) built by Interlay.
PolkaBTC is live on Rococo and Interlay will be launching a public Beta testnet to test the secure operation of the system, in particular Vaults and Relayers.
To achieve higher participation during Beta testnet, Interlay designed a campaign for incentivizing users to actively test critical components of the bridge by handing out rewards for specific actions / challenges - with feedback from the Polkadot outreach team.
Since the BTC-Parachain does not have a native token, Interlay would like to put forward a motion to fund the PolkaBTC Beta testnet incentives in DOT from the Polkadot Treasury.
The detailed proposal is presented here:
More details about the bridge can be found here
More details on Interlay can be found here: https://www.interlay.io/
Comments (5)
Not much to comment from me, I think this is a sensible use of the Treasury given the importance of a Bitcoin bridge to the network.
This makes sense. We should make sure the bridge is well tested. The prizes seem quite reasonable. The ones for being a vault of relayer are actually a bit low, will people run something on a server for 24 hours for 2 DOT? Maybe you could increase that a bit and offer to refund any unclaimed prizes to the treasury?
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