Interlay (INTR)

Interlay (INTR) is a decentralized layer-1 network designed to bring Bitcoin to the world of decentralized finance (DeFi). As a Polkadot parachain, Interlay offers best-in-class security and interoperability with Ethereum, Cosmos, and other networks. With Interlay, users can access a wide range of DeFi services, including lending, borrowing, creating leveraged positions, and swapping assets using their Bitcoin. Interlay aims to be a one-stop shop for Bitcoin DeFi, providing users with a seamless and convenient experience.

One of the key features of Interlay is its liquidity protocol, which allows users to borrow and lend using BTC as collateral. Users can mint iBTC at a 1:1 ratio to their locked BTC by locking their Bitcoin in a Vault or running their own. iBTC can be used as collateral, traded, or earn passive income on any blockchain. Interlay also offers a decentralized exchange where users can securely swap BTC with other assets. The platform is designed to be trustless and transparent, with insurance protection for users’ assets.

Interlay is built on cutting-edge, peer-reviewed research and is operated by a globally distributed, permissionless network. The network is secured by collateral and offers best-in-class economic security. Interlay has been audited by industry leaders in blockchain security, ensuring the platform’s safety and reliability. A community governs the project through voting power, and the best-in-class venture capitalists and ecosystem programs support it. Interlay aims to empower Bitcoin holders by providing them with the tools and services to put their BTC to work in a truly decentralized and trustless manner.