The cross-chain interoperability network Interlay announces the launch of the Bitcoin Super App program

2022-11-05 19:29:57

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ChainCatcher news, based on the Polkadot ecosystem, the cross-chain interoperability network Interlay announced the launch of the Bitcoin DeFi Superapp at the Lisbon Web3 Summit. This will build a set of decentralized financial applications that enable users to lend, trade, and earn Bitcoin yields in a decentralized and trustless manner without relying on centralized providers.

Interlay stated that Bitcoin's DeFi almost entirely relies on centralized solutions controlled by a few trusted intermediaries. Interlay plans to disrupt this market by establishing a decentralized superapp for Bitcoin holders, creating the most innovative and truly decentralized solutions for Bitcoin's scalability. In August of this year, Interlay launched the first fully trustless BTC stablecoin bridge, interBTC, which allows for secure transactions using Bitcoin for DeFi, cross-chain transfers, NFTs, and more on other blockchains.

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