Interlay INTR price:

How to buy Interlay? How can I buy the Interlay coin? Interlay stock how to buy? How to get Interlay?

To find out where you can buy currency Interlay see the list of available exchanges.

Where to trade Interlay?

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Interlay stands as a pioneering decentralized Bitcoin bridge, engineered to bring the vast liquidity and security of Bitcoin to the broader decentralized finance ecosystem, particularly within the Polkadot and Kusama networks. The primary objective of Interlay is to enable trustless and permissionless utilization of Bitcoin in various DeFi applications, moving beyond traditional centralized custodial solutions that often introduce counterparty risk. At its core, Interlay operates on a robust framework that allows users to lock their native Bitcoin and mint a 1:1 Bitcoin-backed asset known as kBTC on Polkadot. This kBTC can then be seamlessly integrated into a multitude of decentralized applications, unlocking new use cases for Bitcoin holders in lending, borrowing, and other DeFi primitives. The security model underpinning Interlay is a critical differentiator. It is built upon the XCLAIM protocol, a groundbreaking research-backed framework that ensures strong security guarantees through collateralized vaults and rigorous economic incentives. When users mint kBTC, a network of Vaults, operated by independent entities, locks collateral in cryptocurrencies like DOT or KSM. This collateral acts as a safeguard, guaranteeing that users can always redeem their kBTC for native Bitcoin, even in the event of a Vault operator’s misbehavior. This decentralized and over-collateralized approach minimizes the need for trust in any single third party, providing a robust and censorship-resistant bridge for Bitcoin. The INTR token is integral to the Interlay ecosystem, serving multiple vital functions. It is the native utility and governance token of the Interlay parachain on Polkadot. INTR token holders participate in the decentralized governance of the protocol, voting on critical parameters such as network upgrades, fee structures, and the management of collateral requirements for Vaults. Beyond governance, INTR is used to incentivize various participants within the network, including Vault operators, who earn rewards for securing the kBTC bridge, and users who engage with the protocol. By fostering a truly decentralized and community-governed infrastructure, Interlay aims to establish itself as the premier conduit for bringing Bitcoin liquidity into the multi-chain Web3 future, enhancing interoperability and expanding the possibilities for Bitcoin in decentralized finance without compromising on security or decentralization.

Interlay is a coin and it means this is a cryptocurrency that has its own blockchain and works independently from other cryptocurrencies. Examples of Coins: Bitcoin, Stellar, Litecoin.

What is the value of Interlay coin?

1 Interlay is worth $0.002419.

To get price and historical data for Interlay coin, use API ID: intr-interlay for endpoints at http://api.coinpaprika.com.