Next-gen iOS/Android app for Polkadot.

What is Interlay?

Interlay is a DeFi platform focused on bridging Bitcoin with Polkadot and other blockchains, enabling Bitcoin holders to engage in DeFi without leaving Bitcoin’s security. Its core features and goals include:

  1. Bitcoin on Polkadot (InterBTC): Creates a 1:1 Bitcoin-backed asset, InterBTC, that’s usable across various blockchains, maintaining full collateralization and trustlessness.
  2. Decentralized and Trustless Infrastructure: Utilizes decentralized vaults and a collateralized debt position system to ensure the security of Bitcoin assets on the platform.
  3. Cross-Chain Interoperability: Leverages Polkadot’s technology to enable seamless Bitcoin movement across different blockchain ecosystems, enhancing liquidity and DeFi utility.
  4. Expands DeFi Opportunities for Bitcoin: Offers Bitcoin holders access to lending, yield farming, and trading within the DeFi space while maintaining asset security.
  5. Community Governance and High Security: Involves the community in governance decisions, supported by regular security audits and protective mechanisms like over-collateralization and insurance pools.


Interlay aims to integrate Bitcoin into the DeFi ecosystem, facing challenges like technical complexities, security assurance, and regulatory compliance. Its development signifies a step towards a unified, accessible DeFi landscape, enriching both Bitcoin’s utility and the broader DeFi domain.

Interlay project details:

Last time updated: 29 March, 2024.

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