Equilibrium Integrates Interlay’s iBTC and INTR Tokens for Increased DeFi Functionality

We’re excited to announce our integration with Interlay’s iBTC and INTR. Interlay is a one-stop store for all things Bitcoin. It offers trading, lending, staking, and a way to integrate BTC into other DeFi products. iBTC and INTR integration will increase the tokens’ flexibility and functionality, offering use cases such as collateral for minting the EQD stablecoin and lending assets to provide liquidity to other users.

To further our connection with Interlay, we plan to incorporate Equilibrium’s EQD stablecoin as security collateral in the iBTC vault proposal. Establishing trust and confidence within the community is essential for this relationship; therefore, it will be necessary to introduce EQ and EQD into the Interlay system.

With iBTC and INTR, holders receive the following benefits:

• Both tokens will serve as collateral to mint the EQD stablecoin on our platform.
• iBTC and INTR can act as insurance to protect against unexpected losses in Equilibrium and earn additional rewards.
• Holders of both tokens can lend their assets to other users and earn interest on their holdings.
• In the future, iBTC and INTR can be listed on Equilibrium’s DEX, enabling asset trading.
• The platform also plans to create a Curve.fi pool on its parachain that includes both wBTC and iBTC, with the possibility of adding multiBTC, further enhancing the utility of iBTC.

iBTC and INTR holders will now access Equilibrium’s DeFi products, including our money market, insurance pool, and orderbook DEX. Additionally, we are exploring future possibilities with Interlay to add EQ and EQD, as well as Curve’s LP tokens, as collateral into their system to safeguard the BTC bridge.

Our integration offers users more flexibility in managing their assets, allowing seamless transactions between iBTC, INTR, and Equilibrium assets. We look forward to expanding our collaboration and bringing innovative solutions to the DeFi space.

About Interlay

Interlay is building a one-stop shop for all things Bitcoin finance. BTC trading, lending, staking, and a way to deploy into other DeFi products. Trustless bridge at the core, AMM and money market on top, wrapped in a simple one-click interface with on/off-ramps and multi-chain support.

Follow both Interlay and Kintsugi on Twitter, join our Telegram, and hop in our Discord to keep up to date with daily updates from the team.

About Equilibrium

Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX. EQ is the native utility token that is used for communal governance of Equilibrium. Dollar-pegged EQD is Equilibrium’s native decentralized stablecoin, collateralized by a weighted basket of assets and used as a universal unit of value within the DeFi ecosystem. eqDOT is a liquid DOT staking wrapper that allows users to participate in DeFi on Equilibrium while earning DOT staking yield.

Join Equilibrium on Discord, News Channel, Twitter, Medium, Website, GitHub