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Interlay

INTR

  • Layer1
  • Infra
  • Bitcoin Ecosystem
Established Year
2020
Operating Status
Active
Ecosystem
Bitcoin
Interlay is building its flagship product, "InterBTC," a fully collateralized one-to-one Bitcoin-backed asset that enables interoperability between multiple blockchain ecosystems while preserving Bitcoin's censorship-resistant nature. Interlay v2 proposes introducing native DeFi functionality to the network: a decentralized AMM-based exchange (Uniswap v2 model and Curve Stableswap) paired with a liquidity protocol for BTC borrowing and lending (Compound v2 model). By creating markets catering to Bitcoin holders and building deep liquidity in these protocols, Interlay will enable easy, one-click access to Bitcoin-centered DeFi use cases, ranging from simple passive liquidity provision to tailored long/short leverage positions.

Organisation

Financial Portfolio

Funding

N/A
7 Investors
$6.5 M

Recent News

Frequently Asked Questions

What Is Interlay Network (INTR)?

Interlay is a modular, programmable layer between Bitcoin and the multi-chain ecosystem that unlocks decentralized (financial) use cases for BTC. Interlay’s vision is to help Bitcoin achieve mass adoption by unlocking decentralized (financial) use cases for BTC and removing the need for centralized services. Interlay’s achieves this by creating the necessary infrastructure and financial tooling for both users and builders: * DeFi for Bitcoin: Interlay’s DeFi hub a one-stop shop for all things decentralized Bitcoin finance featuring BTC swaps, lending, and staking. High throughput, low fees payable in any asset, and native stablecoin integrations aim to provide an experience competing even with centralized providers. * Bitcoin for DeFi: Interlay’s BTC bridge is the secure way to use Bitcoin in the multi-chain ecosystem. iBTC, a 1:1 BTC-backed asset, is secured by a decentralized network of vaults. BTC deposits are insured by a multi-collateral system and secured by cross-chain light clients. * Building Bitcoin dApps: Interlay will support Bitcoin dApp development on top of its modular network. The INTR governance and utility token’s main purposes are: * Stake-to-vote. Lock INTR to participate in governance & earn staking rewards. The longer the lock, the higher to voting power & staking rewards. * Utility. Transaction and cross-chain fees can be paid in INTR. * Collateral. INTR can be used as one of the collaterals to back iBTC and other Interlay assets. * Outlook: Product benefits: In the future, INTR may offer stakers additional security and product benefits, e.g. better liquidation and collateral rates, or lower swap fees. The Interlay network launched on 11 March 2022.