Interlay introduces new protocol for Bitcoin’s reciprocal relationship with DeFi By Cointelegraph


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 (DOT) parachain, Interlay is focusing its efforts on opening pathways of communication and interaction between Bitcoin’s currency-native ecosystem and the wider functionalities of the DeFi space with networks such as (ETH) and Polkadot.