**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/ )


- Problem Statement: The Polkadot network requires an upgrade to its runtime version 0.9.18, targeting the Polkadot community and developers.
- Significance: This upgrade is crucial to incorporate new features like parachain slot swapping, reintroduction of maxnominators, addition of proxy types for Kappa Sigma Mu, and upgradable contracts using set_code function.
- Proposed Solution: The solution is to pass the proposal for the upgrade through the Polkadot Council and then have it voted on by the community. The call hash for the upgrade is `0xa9ad07f0ea8e95c15247ba05a2754405acbf4de6cea8fe0cfdb94196c6093670`.
- Expected Outcomes: The successful implementation of the upgrade will enhance the network's functionality and performance, providing value to the Polkadot community and developers.

#36 Proposal: PolkaBTC Beta Testnet Incentives

No Active Proposals