**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](https://docs.google.com/document/d/1CBhJros7k7S3dJCjXMINUqw37Xj6JK73dzWfOO9sjOY/edit?usp=sharing):** 



**More details about the bridge can be found here**
- [https://polkabtc.io/ ](https://polkabtc.io/ )
- [https://polkadot.network/bitcoin-is-coming-to-polkadot/ 
](https://polkadot.network/bitcoin-is-coming-to-polkadot/ 
)

**More details on Interlay can be found here**: [https://www.interlay.io/ ](https://www.interlay.io/ )


 Approve a proposal. At a later time, the proposal will be allocated to the beneficiary
 and the original deposit will be returned.

 May only be called from `T::ApproveOrigin`.

 # <weight>
 - Complexity: O(1).
 - DbReads: `Proposals`, `Approvals`
 - DbWrite: `Approvals`
 # </weight>

- PolkaBTC is a representation of Bitcoin on the Polkadot network.
- There will be a public Beta testnet to test how PolkaBTC works.
- Interlay is offering rewards to people who help test the system.
- They want to use DOT from the Polkadot Treasury to fund these rewards.
- You can find more information about PolkaBTC and Interlay in the provided links.

#63 Proposal: PolkaBTC Beta Testnet Incentives