**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/ )


The proposal seeks funding for the 2023 Summer Polkadot Hackathon in Shanghai, China, organized by OneBlock. It aims to promote Substrate and Polkadot ecosystem growth by attracting developers and converting course learners into builders. Previous hackathons in 2021 and 2022 have been successful, and this event is scheduled for July 2023. Specific metrics include developer participation and project diversity. The execution plan includes registration, coding, workshops, and a demo day. Costs encompass venue, materials, travel, staff compensation, and an afterparty. The proposal emphasizes community building, technical education, and ecosystem expansion, aligning with Parity Asia's Substrate initiatives.

Develop the KILT Decentralized Identity Provider (DIP) protocol.

Deploy provider and relying party components on testnets and production chains.

Test, integrate, and fix any issues that arise during deployment.

Maintain and update the protocol to ensure compatibility with the latest Polkadot versions.

Explore and implement future improvements, such as support for verifiable credentials and trustless parachain-to-parachain messaging solutions.

- PolkaBTC is a way to use Bitcoin on the Polkadot network.
- There will be a test to make sure PolkaBTC is working correctly.
- People who participate in the test can earn rewards.
- The rewards will be paid in DOT, which is the native token of Polkadot.
- You can learn more about PolkaBTC and Interlay by visiting their websites.

#36 Proposal: PolkaBTC Beta Testnet Incentives

No Active Proposals