Interlay introduces new protocol for Bitcoin’s reciprocal relationship with DeFi
XCC is positioned as a supporting mechanism to XCLAIM, a protocol which acts as the foundational layer for Interlay’s Bitcoin one-to-one backed asset interBTC.
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XCC is positioned as a supporting mechanism to XCLAIM, a protocol which acts as the foundational layer for Interlay’s Bitcoin one-to-one backed asset interBTC.
Interlay was the recipient of an up-to-$100,000 Web3 Foundation grant in March 2020 to develop the parachain technology implemented.
On Polkadot, the project intends to introduce tokenized Bitcoin as well as then expand to certain other Layer 1 blockchain networks. Interlay has raised $6.5 million in a funding round which was led by DFG. IOSG, KR1, Hypersphere, Nexo Finance, D1 Ventures, and Signum Capital were among the investors in the round, which was led […]
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