About
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 v proposes introducing native DeFi functionality to the network: a decentralized AMM- based exchange (Uniswap v model and Curve Stableswap) paired with a liquidity protocol for BTC borrowing and lending (Compound v 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. Tags: Infra Layer Bitcoin Ecosystem Ecosystem(): Bitcoin Polkadot Founded:
History
Funding Round
$6.50M
$6.50M · Hypersphere Ventures, IOSG Ventures, Signum Capital
Seed Round
$3.00M
$3.00M
Recent News
IBTC is their trustless, multi-chain-wrapped Bitcoin on Polkadot, which is secured by collateral, cryptography, and a decentralized vault network. Furthermore, Interlay will soon introduce 1-click strategies - enabling users to lever up their positions!
RT @themandalore9: New deep dive w/ @alexeiZamyatin from @InterlayHQ . An awesome discussion on how interlay has made a trustless bridge t…
Interlay Raises $6.5M to Bring Bitcoin DeFi to Polkadot
