One of the next integrations, with the fastest time-to-market, is Beamswap, a DEX on Moonbeam (https://beamswap.io/).

The Beamswap team would like to open an iBTC pool - the question at hand: which asset does the Interlay community want iBTC to be paired with?

There are a few factors to consider, including liquidity, impermanent loss risk, and diversification of integrations.

You can find the top liquid assets on Beamswap here: https://analytics.beamswap.io/tokens

This poll suggests picking one of:

(A) multiUSDC

• Pros: no 1 in liquidity ($580k), stablecoin.
• Cons: centralized (Circle), bridge risk (multichain bridge)

(B) GLMR

• Pros: no 2 in liquidity ($570k), Polkadot native (no bridge risk). Overall high liquidity on Moonbeam
• Cons: volatile asset, iBTC/GLMR pool already on Stellaswap

(C) multiBUSD

• Pros: no 3 in liquidity ($370k), stablecoin
• Cons: centralized (Binance), bridge risk (multichain bridge)

(D) DOT

• Pros: most liquid asset on Polkadot, used as iBTC collateral, native (no bridge risk)
• Cons: low liquidity on Beamswap, competes with liquid staking

(E) INTR

• Pros: Interlay-native pairing, INTR paid to Vaults as rewards, native (no bridge risk)
• Cons: no liquidity on Beamswap, limited on Moonbeam (needs to come via XCM)

You can vote for one option (your highest preference).

@Vaults / existing iBTC users: Please indicate if you are a Vault / existing iBTC user when you vote. Reason: while all INTR holders can and should vote, it helps to understand the demands of already active iBTC users specifically.