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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
Kintsugi
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Description
Kintsugi is the experimental Bitcoin bridge and DeFi network running as a Kusama parachain, serving as the canary deployment for Interlay's interBTC protocol. Users lock native BTC with overcollateralized vault operators to mint kBTC, a 1:1 Bitcoin-backed token redeemable for native BTC at any time. The network also includes an integrated AMM, borrowing, and lending interface accessible at kintsugi.interlay.io, governed by KINT token holders.Category: Bridge
TVL: $32K
Chains:
Interlay DeFi Hub
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Description
The Interlay DeFi Hub is an integrated Bitcoin DeFi app running on the Interlay parachain, combining an AMM-based DEX, a borrowing protocol, and a lending market into a single interface at app.interlay.io. Users swap iBTC for other assets, borrow against iBTC collateral, or supply iBTC to earn yield from borrowers. The hub routes cross-chain liquidity through iBTC, enabling Bitcoin holders to access DeFi across multiple supported networks.Category: Decentralised Borrowing & Lending
InterBTC
Project Links
Description
interBTC is a trustless Bitcoin bridge that lets users lock native BTC with decentralized vault operators and mint iBTC at a 1:1 ratio on the Interlay Polkadot parachain. Vault operators deposit overcollateralized assets such as DOT or USDT as insurance, with collateral slashed to reimburse depositors in the event of vault failure. iBTC is redeemable for native BTC on the Bitcoin blockchain at any time without reliance on a central intermediary.Category: Bridge