Alloyed BTC: Add BTC.int3

Proposal Discussion Alloyed Assets
1

This proposal would add BTC.int3 as a constituent of Alloyed BTC with an initial static limit of 10%.

Alloyed BTC

Alloyed BTC was recognized as the canonical Bitcoin on Osmosis in Proposal 813.

It currently has around 98 BTC in supply on Osmosis and consists of:

  • WBTC.eth.axl (Axelar bridge from Ethereum) (75% Cap)
  • WBTC (Natively Issued on Osmosis)
  • ckBTC (Chain-Key Bitcoin via ICP) (20% Cap)
  • nBTC (Nomic Bridged Bitcoin) (10% Cap)
  • cbBTC (Coinbase Bitcoin via Axelar) (10% cap)

This proposal requests that BTC.int3 be added to the existing Bitcoin Alloy, enabling BTC deposits via the Int3face bridge.

This proposal adds an initial static rate limit of 10% to bound risk to Alloyed BTC for a new variant.

For a complete description of Alloyed Assets, see the Blog Post

About Int3face

Int3face are the operators of the Bi[t]fröst bridge, currently used on Osmosis as the source of DOGE.

Int3face uses a novel implementation of leaderless Threshold Signature Schemes (TSS), offering a secure and decentralized bridging mechanism between DOGE and Osmosis.

Int3face is expanding this offering to become a bridge operator for Bitcoin, Litecoin, Bitcoin Cash, Telegram Open Network, and Solana.

Website: https://int3face.zone/

Target Onchain Date: 29th January 2025

2

@JohnnyWyles this one hasn’t been uploaded on chain yet if I recall?

3

No, these 3 alloyed additions proposals that I posted at the same time haven’t gone to chain yet. I’ve been wrapped up in tokenomics and liquidity work, and additions need thorough testing before loading. Likely onchain towards the end of this week/early next.