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Interlay To Use $6.5 Million To Enhance Bitcoin DeFi Interoperability

Share on X icon · Published 4 years ago on December 22, 2021 · Hassan Maishera

Interlay is building a solution to integrate Bitcoin and other cryptocurrencies with DeFi blockchains like Ethereum and Polkadot.

Interlay To Use $6.5 Million To Enhance Bitcoin DeFi Interoperability

Interlay has raised $6.5 million to accelerate its operations and attract developers to its open-source platform. James Wo, DFG founder and CEO, added that Interlay's solution is set to expand Bitcoin’s cross-chain possibilities. 

The firm is currently developing infrastructure for decentralized financial (DeFi) applications on numerous blockchains, including Ethereum, Polkadot and Cosmos. Interlay wants to integrate Bitcoin and other cryptocurrencies with DeFi platforms like Ethereum and Polkadot. 

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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