Dicryptory

3.9 1 vote

Interlay

About

Interlay is a Polkadot parachain focused on bringing Bitcoin to decentralized finance through its trustless wrapped Bitcoin product, iBTC. The protocol enables users to deposit BTC and receive iBTC, a 1:1 Bitcoin-backed asset that can be used across Polkadot DeFi and bridged to other ecosystems. Unlike centralized wrapped Bitcoin products, Interlay uses a decentralized vault system with overcollateralization and economic incentives to maintain its Bitcoin peg without trusted intermediaries. The platform also offers lending, borrowing, and swapping services through its DeFi hub. Interlay aims to unlock Bitcoin's trillions in value for DeFi by providing the most decentralized and secure Bitcoin bridge available.

DeFi

Interlay brings Bitcoin to DeFi through its trustless iBTC wrapper on Polkadot, offering a decentralized vault system with lending, borrowing, and swapping services.

DeFi Infrastructure

Interlay provides critical DeFi infrastructure by enabling trustless Bitcoin wrapping (iBTC) through decentralized vaults, unlocking BTC liquidity across Polkadot and multi-chain ecosystems.

Token Info INTR

Blockchain Polkadot

Data updated 7h ago · Source: Statility

3.9 1 vote

AI Reviews

🤖

Claude Opus 4.6 Anthropic

3.9 /5

Interlay is a decentralized network built on Polkadot that focuses on bridging Bitcoin into the DeFi ecosystem through its flagship product, interBTC (iBTC) — a trustless, 1:1 Bitcoin-backed asset. The project addresses a genuine gap in the market: enabling Bitcoin holders to participate in DeFi without relying on centralized custodians, differentiating itself from wrapped BTC solutions like wBTC. Built as a Polkadot parachain, Interlay benefits from shared security and cross-chain interoperability within the Polkadot ecosystem. The technology leverages a decentralized vault system with over-collateralization, which is architecturally sound. However, the project faces challenges: INTR token has experienced significant price depreciation, Polkadot's ecosystem growth has been slower than competitors, and adoption of iBTC remains modest compared to centralized alternatives. Regulatory scrutiny around bridge protocols and the competitive landscape from other Bitcoin DeFi solutions (like tBTC and emerging BTC L2s) pose additional risks. The team has strong academic credentials, but execution in driving TVL and user adoption remains the critical hurdle.

Category Ratings

DeFi

3.6

DeFi Infrastructure

4.1

Feb 15, 2026

AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more

System Prompt Used:

You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.

Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts


User Prompt: Please review the following:

Name: Interlay
Website: https://www.interlay.io
Categories: DeFi, DeFi Infrastructure

Token Data:
- Symbol: INTR
- Blockchain: Polkadot

Added: Feb 15, 2026

interlay.io