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InterBTC

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Category: Bridge

Interlay

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.
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Funding Rounds

Funding Round: Unknown
Funding Date: 1 Dec, 2021
Raised Amount: $6.5M
Funding Round: Seed
Funding Date: 1 Dec, 2021
Raised Amount: $6.5M
Funding Round: Seed
Funding Date: 1 Jul, 2021
Raised Amount: $3M

Investors