COMMENCING COUNTDOWN, ENGINES ON

INTR is Live: Your Guide

Welcome to Interlay, the new frontier of Bitcoin

Interlay
Interlay
Published in
4 min readJun 8, 2022

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Ground control to Major Tom…
Commencing countdown, engines on…

It’s finally time for you to zip up your space suits because all systems go. Interlay is live! Today, Wednesday 8th June is the day you’ve all been waiting for: Interlay has officially started the airdrop of INTR to the contributors of the Polkadot crowdloan.

However, the excitement isn’t over. With wallet integrations and staking on the Interlay DApp already live, truly all engines are fired up. To help you navigate this new galaxy, here’s a go-to guide for the official launch of Interlay!

To the moon and beyond.

How do I claim?

Step 1:

As with all airdrops, you’ll need to sign the Terms & Conditions before you receive your tokens. If you haven’t already done so, don’t worry, we have a guide for that, too!

Step 2:

Visit the DApp and get started!

Yup, you heard that right…

The DApp is Live!

You asked, Interlay delivered. The DApp is here.

https://app.interlay.io/

With transfers and staking already enabled, you’re free to jump straight into the Interlay DApp and claim your INTR.

Wen Rewards?

Now rewards!

The keys are in your hands. With the deactivation of Sudo, the Interlay team no longer has the ability to make changes to the codebase without community governance. Welcome to decentralisation in the truest sense.

Decentralisation is the pillar of Interlay and is amongst our most important values. We’ll ask the community to make a governance proposal shortly after launch to activate the staking rewards, so be on the lookout for that.

Wallet Support & Integration

Wallets are your key to the decentralised web, and with INTR, you have a number of options, both browser-based and app-based. In the world of Web3, your wallet doesn’t just store your tokens, it’s your digital identity, leaving your footprint on the blockchain.

Interlay wouldn’t be complete without the support of our partner wallets. We’re thrilled to announce that the following wallets support Interlay.

Browser-Based Wallets

App-Based Wallets

The Interlay Roadmap

Interlay stands at a major turning point: on the precipice of truly decentralised Bitcoin.

Our roadmap tracks the path of Interlay with actionable goals along the way. You can check the live, updated Interlay Roadmap at any time here:

Let’s look back on everything we’ve accomplished as a community to get us to this point.

  • Rallied the Interlay community & won a slot in batch 2 of the Polkadot auctions
  • The Interlay parachain went live & started block production
  • Successfully distributed INTR to the community
  • Launch of the Interlay DApp with staking & transfers already enabled

Today, we crossed the next big landmark on our roadmap: INTR Airdrop

While we believe it’s important to celebrate accomplishments along the way to larger goals, a recent fortune cookie advised me to ‘look back, but don’t stare.’ We will continue to work on actionable goals as we proceed to scale the world’s first fully decentralised and secure solution for Bitcoin interoperability.

What’s next for Interlay?

Here are the next stops on our roadmap:

  • Governance vote to activate staking rewards!
  • Start the BTC/DOT and BTC transaction fee oracle
  • Mint first interBTC on mainnet
  • Onboard first community-run Vaults to Interlay mainnet
  • Open interBTC minting to the community!
  • INTR on (de)centralized exchanges (liquid market needed for INTR as Vault collateral)

These are the immediate next steps. After we accomplish the Core Systems Launch and interBTC Launch, we have big plans for expansion. Check the roadmap as we continue to grow and scale. It’s important to repeat that Interlay exists because of our community, and will continue to scale only by community governance via proposals and voting.

The future of Bitcoin interoperability is in your hands.

Welcome to Interlay, the new frontier of Bitcoin.

A Thank You

Once again we want to extend a thank you to each and every member of the community for their extended patience, participation, and dedication to the project.

About Interlay

We envision a future where blockchains seamlessly connect and interact: anyone can use any digital asset on any blockchain, trustless and without limitations. We work with Bitcoin, Ethereum, Polkadot, Cosmos, and others to expand interoperability, capital efficiency, and openness.

Our flagship product is interBTC (iBTC)— Bitcoin on any blockchain. A 1:1 Bitcoin-backed asset, fully collateralized, interoperable, and censorship-resistant, realizing the true free nature of BTC and decentralized finance.

Follow our Twitter, Telegram, and Discord to keep up to date with daily updates from the team.

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Interlay
Interlay

Interlay is building a one-stop shop for all things Bitcoin DeFi. BTC trading, lending, staking, and a way to deploy into other DeFi products.