Interlay

Interlay is a Polkadot parachain focused on bringing Bitcoin to decentralized finance through its trustless wrapped Bitcoin product, iBTC. The protocol enables users to deposit BTC and receive iBTC, a 1:1 Bitcoin-backed asset that can be used across Polkadot DeFi and bridged to other ecosystems. Unlike centralized wrapped Bitcoin products, Interlay uses a decentralized vault system with overcollateralization and economic incentives to maintain its Bitcoin peg without trusted intermediaries. T...

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