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Interlay
Interlay is a Bitcoin DeFi protocol that lets users bridge BTC across blockchains as iBTC and use it to swap, borrow, and lend via a decentralized, collateral-insured network.
Quadrant House, Floor 6, 4 Thomas More Square, London, E1W 1YW, United Kingdom
Description
Interlay is a modular protocol layer connecting Bitcoin to the multi-chain ecosystem through a trustless decentralized bridge. Users lock BTC with overcollateralized vault operators to mint iBTC, a 1:1 Bitcoin-backed token redeemable for native BTC at any time. Operating as a Polkadot parachain, the protocol is governed by INTR token holders via onchain DAO voting. The Interlay DeFi Hub app lets users swap, borrow, and lend iBTC across supported networks, with vault operators earning fees and providing collateral insurance.Grant Funding
VC Funding
None
2021
$0
$16M