Interlay introduces new protocol for Bitcoin’s reciprocal relationship with DeFi
Interoperability network Interlay has released a 21-page technical whitepaper, titled XCC: Theft-Resilient and Collateral-Optimized Cryptocurrency-Backed Assets, advocating for the imminent development of cross-blockchain interoperability solutions to unlock a plethora of potential within the decentralized finance (DeFi) ecosystem. As a Polkadot (DOT) parachain, Interlay is focusing its efforts on opening pathways of communication and interaction between […]
Interlay aims to advance Bitcoin’s DeFi potential with new interoperable bridge
Interlay, a newly appointed Polkadot (DOT) parachain network, is nearing the completion of a two-year Bitcoin (BTC) bridge development project on Polkadot, with the launch announcement on its sandbox platform Kusama. Additionally, Interlay has integrated a Wrapped Bitcoin (wBTC) digital asset, known as kBTC, on their Canary parachain Kintsugi. The asset is already available for […]
Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you’re only receiving a portion of the content […]