Interlay is a decentralized network that connects cryptocurrencies like Bitcoin with DeFi platforms like Polkadot, Cosmos and Ethereum.
interBTC, Interlay’s flagship product, is Bitcoin on any blockchain. A 1:1 Bitcoin-backed asset, fully collateralized, interoperable, and censorship-resistant. interBTC is secured by a decentralized network of Vaults, a MakerDAO-like multi-collateral system and cross-chain cryptography. As a user, you can always redeem interBTC for Bitcoin 1:1, or - in the worst case - automatically be reimbursed in collateral.