About

Interlay is a decentralized platform that provides Bitcoin DeFi services. The platform allows users to swap, lend, borrow, and multiply their exposure to BTC. Interlay is built on cutting-edge research and is operated by a decentralized network of vaults, ensuring trustless and secure transactions. The platform is audited by industry-leading blockchain security firms, providing added credibility. Interlay is supported by various venture capital firms and ecosystem programs.

History

Interlay is a decentralized, fully open source company. It was co-founded by Alexei Zamyatin & Dominik Harz. The idea behind Interlay came from the XCLAIM paper published in early 2018 which Alexei & Dominik both contributed to. Interlay is fully operational with a current airdrop of its Kusama KINT token live (as of March-22). The tokens for Interlay are primarily for governance purposes with some utility as fees can be paid in the native tokens.

Interlay uses Polkadot parachain Slot 11 which will expire on the 12th January 2024 unless renewed prior to then. It has various well recognised investors amongst which include Blockchain.com Ventures & KR1.