Key Metrics

Real Volume (24H)$7,686.28
Fully Diluted Valuation$22,524,183
ATH Date7/18/2022, 10:45:36 PM
ATL Date11/22/2022, 7:22:58 PM
Circulating Supply67M
Total Supply1B
Popularity Rank1588
What is Interlay?

Interlay Network (INTR) is a revolutionary decentralized network that creates cross-chain, asset-backed stablecoins and synthetics. The platform's flagship product is interBTC (iBTC), a Bitcoin-backed asset that is secured by a decentralized custody network, a multi-collateral system, and cross-chain cryptography.

The Interlay network operates as an L1 secured by Polkadot’s consensus, which is a Polkadot parachain. The network also connects to other major DeFi networks, including Cosmos, Ethereum, Avalanche, Solana, and others.

INTR is the native utility and governance token of Interlay Network, which is used for staking to vote, collateral, utility, and product benefits. The longer the lock-in period for staking, the higher the voting power and staking rewards.

The Interlay network launched as a parachain on Polkadot on March 11, 2022. It has an unlimited supply of tokens, with 1 billion tokens emitted over the first four years, after which there will be a 2% annual inflation. Of the token supply, 70% is distributed to the community as airdrops and block rewards, 10% is allocated to a reserve for network development and community and ecosystem building, and 20% is airdropped to the team and early backers who funded the initial development.

Interlay Network was created by Alexei Zamyatin and Dominik Harz. The two met in 2017 during their PhDs at Imperial College London, where they were the first researchers in the cryptocurrency lab. Both have been researching Bitcoin and Ethereum since 2015/16, and they have authored over 30 papers with over 700 citations. They regularly present their work at Bitcoin and Ethereum conferences, including DevCon IV, EthCC, Building on Bitcoin, and Breaking Bitcoin.

The first steps towards Interlay were made when the XCLAIM paper was presented at the Scaling Bitcoin in 2018. This described the first-ever protocol to move cryptocurrencies like Bitcoin to Ethereum in an economically trustless and decentralized manner. In 2020, the two founders founded Interlay to bring research into practice. Today, Interlay employs 23 staff, including developers with experience at Google, Morgan Stanley, Trivago, Accenture, PwC, Worldpay, and Atlassian.

Interlay Network combines cross-chain technology with stablecoin designs to create a new paradigm for interoperability, which is trustless, asset-backed cross-chain stablecoins. The platform's flagship product, interBTC (iBTC), is a Bitcoin-backed asset that is available on all chains. In summary, interBTC is the Bitcoin equivalent of DAI, extended with physical settlement. It is a Bitcoin-backed stablecoin that is secured by a decentralized network of vaults, a multi-collateral system, and cross-chain cryptography, which is physically redeemable 1:1 for BTC.

What makes Interlay Network unique is its strict dedication to being trustless and decentralized. Vaults lock collateral in various digital assets in a MakerDAO-inspired multi-collateral system. If Vaults misbehave, their collateral is slashed, and users are reimbursed. Anyone can become a Vault and help secure interBTC (iBTC) and other assets anytime.

Interlay Network is a game-changer in the decentralized finance (DeFi) industry. Its unique features and dedication to being trustless and decentralized make it stand out from the rest. Its flagship product, interBTC (iBTC), provides a Bitcoin-backed stablecoin that is secured by a decentralized custody network, a multi-collateral system, and cross-chain cryptography.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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