Interlay BTC

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Interlay BTC is published as a versioned release inside the Interlay protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Interlay BTC is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Aug 29, 2022
   Listed on DeFiLlama

Interlay BTC is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed on Interlay.

Interlay BTC is a single-chain protocol, deployed exclusively on Interlay — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (DIA); an outage or manipulation of that feed would propagate into every market the protocol prices.

Verified external resources for Interlay BTC — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Interlay BTC is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure $30.4B in deposits, giving you a frame of reference for whether Interlay BTC's own TVL is at the top, middle, or tail of the category.

WBTC

TVL $8.7B · 24h +0.07%

Coinbase Bridge

TVL $5.4B · 24h +0.61%

Binance Bitcoin

TVL $5.1B · 24h +0.14%

Hyperliquid Bridge

TVL $4.5B · 24h +0.55%

USDT0

TVL $4.2B · 24h +1.96%

JustCryptos

TVL $2.4B · 24h +0.44%