Kintsugi and Interlay App - BTC DeFi
Interlay is revolutionizing the way Bitcoin interacts with the Polkadot and Kusama ecosystems through its innovative UI. By providing a seamless method to create interBTC and kBTC, platforms that accurately represent Bitcoin on these networks, Interlay ensures that users can engage in decentralized finance (DeFi) with ease. Notably, these tokens are backed 1:1 by Bitcoin, allowing for true asset security and liquidity.
Unlike other bridges, Interlay's approach is truly open; anyone can participate as an intermediary, thus fostering a more inclusive environment for users. This configuration not only enhances accessibility but also builds trust within the ecosystem by relying on a network of collateralized third parties known as Vaults.
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