Welcoming a New Dawn in Bitcoin DeFi with the Launch of Interlay’s Bitcoin DeFi Hub
Hello Interlay community!
Today marks a significant milestone in our journey, one that we’ve been eagerly anticipating for quite some time. We’re thrilled to announce the launch of the Interlay Bitcoin DeFi Hub, a platform that brings together the power of Bitcoin and the innovation of Decentralized Finance (DeFi).
Decentralization Meets Security
Our commitment to decentralization and security is the cornerstone of the Interlay Bitcoin DeFi Hub. Powered by a resilient decentralized network of operators, our platform ensures that there’s no single point of failure. But we didn’t stop there; in the event of BTC loss, users are automatically indemnified through collateral insurance. We’ve designed this system to provide you with the highest level of security, allowing you to explore the potential of your Bitcoin in the DeFi world with absolute confidence.
Simplified Transactions for Every Bitcoin Holder
Gone are the days when complex financial transactions seemed like a daunting task! With the Interlay Bitcoin DeFi Hub, we’ve simplified the process of borrowing, lending, and swapping assets. You can unlock the full potential of your Bitcoin in DeFi, with the option to trade your Bitcoin for assets like DOT, USDT, or INTR, with Liquid staking tokens and (native) USDC expected in Q3.
Assets from Ethereum and Cosmos are planned in Q4 upon completion of integrations with Wormhole, novel light client bridges built by Composable (Cosmos) and SnowFork (Ethereum). The DeFi hub also combine swaps with borrowing and lending for optimal asset management.
Easy Onboarding
The New DeFi Hub UI also boasts of a sleek onboarding Tutorial for users to guide & help them explore the various possibilities for their Bitcoin across different features like lending, borrowing, swapping, LP pools, staking, mint, redeem, transfer & bridge.
The team has also introduced a new “Bring your own fees” architecture that allows you to pay fees in any token such as DOT, iBTC, INTR or USDT. This ensures easy onboarding of users from various ecosystems. Say Hello to Cool UX!
A New Design for A New Future
The new wallet page design with the onramp guides encapsulates the core values of Security, Innovation & Efficiency in our mission to revolutionize Bitcoin DeFi by introducing a one-stop-shop for all things Bitcoin Finance and paving the way for Bitcoin to finally break free from the dangers of centralized entities.
As co-founder Dominik Harz puts it, “We’re tearing down the barriers that have long separated Bitcoin and DeFi. Our new platform is a significant step towards fostering a more inclusive and interconnected crypto ecosystem.”
Join us in Celebrating!
To make this launch even more exciting, we’re hosting a unique raffle on Zealy with an array of exclusive rewards. We invite you to be a part of this celebration, experience the revolution in Bitcoin DeFi, and spread the word!
Visit https://app.interlay.io/ to start your journey with the Interlay Bitcoin DeFi Hub and make the most out of your Bitcoin in the DeFi space. Here’s to a new era in Bitcoin DeFi! 🚀
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 Interlay on Twitter, join our Telegram, and hop in our Discord to keep up to date with daily updates from the team.
