Interlay INTR Price

What is Interlay (INTR)?

Interlay, a trailblazing decentralized network, was launched on March 11, 2022, by visionaries Alexei Zamyatin and Dominik Harz during their PhDs at Imperial College London. This innovative platform serves as a critical connector, bridging cryptocurrencies like Bitcoin with prominent DeFi platforms such as Polkadot and Ethereum. Interlay stands out as a unique modular, programmable layer that operates between Bitcoin and the multi-chain ecosystem, enabling decentralized financial applications and use cases for Bitcoin.

Central to Interlay’s mission is the integration of Bitcoin into the DeFi world. It achieves this through its DeFi hub, offering services like BTC swaps, lending, and staking. The network boasts high throughput, low fees payable in any asset, and native stablecoin integrations. Additionally, Interlay introduces a secure Bitcoin bridge in the multi-chain ecosystem, featuring iBTC, a 1:1 BTC-backed asset, secured by a decentralized network of vaults and insured by a multi-collateral system. This initiative positions Interlay as the only Bitcoin-centric Layer 1 that is decentralized across the entire stack, offering trustless BTC bridge to BTC DeFi hub.

The Interlay network also pioneers in the realm of Bitcoin dApp development and governance with its INTR governance and utility token. INTR allows holders to participate in governance, earn staking rewards, pay transaction and cross-chain fees, and use it as collateral. It also promises future enhancements in security and product benefits for its stakers. Hosting on the Polkadot parachain and planned connections to Cosmos and other major DeFi networks, Interlay envisions a future of seamless blockchain interoperability, reinforcing its unique position in the rapidly evolving landscape of decentralized finance.

What is unique about Interlay (INTR)?

Interlay stands out as a unique modular, programmable layer between Bitcoin and the multi-chain ecosystem, offering a decentralized Bitcoin-centric layer 1 with a trustless BTC bridge and a BTC DeFi hub​​.

Who are the founders of Interlay (INTR)?

Interlay was founded by Alexei Zamyatin and Dominik Harz, who started the project during their PhDs at Imperial College London in 2020, with significant experience in Bitcoin and Ethereum research​​.

Who are the backers/investors of Interlay (INTR)?

Interlay's investors include IOSG Ventures (lead investor), Launchub Ventures, Blockchain.com Ventures, KR1, Hypersphere Ventures, CMS Holdings, Zeeprime Capital, Peter Smith, Jihan Wu, and Philip Liu​​.

Where can I buy Interlay (INTR)?

You can buy Interlay (INTR) on Gate.io, Kraken, HydraDX cryptocurrency exchanges.