Interlay is a pioneering startup that bridges the gap between Bitcoin and decentralized finance (DeFi). Operating in the rapidly evolving blockchain and cryptocurrency market, Interlay offers Bitcoin holders a seamless way to leverage their BTC in various DeFi applications. The company serves individual Bitcoin holders and institutional investors looking to maximize the utility of their BTC holdings.

Interlay's core business model revolves around a modular, programmable layer that connects Bitcoin to a multi-chain ecosystem. This setup allows users to lock their BTC in a secure vault, mint an equivalent amount of iBTC (Interlay Bitcoin), and then use this iBTC in various DeFi activities such as trading, lending, and staking. The vaults are operated by a decentralized network, ensuring that users' assets are always safe and insured by collateral in other cryptocurrencies like USDT and DOT.

The company makes money through transaction fees and by offering services that allow users to swap, lend, borrow, and trade their BTC. Additionally, anyone can operate a vault and earn fees based on the volume of BTC they manage, creating a decentralized and trustless environment for all participants.

Interlay is governed by its community through a decentralized autonomous organization (DAO), where governance tokens (INTR) give holders voting power. This ensures that the platform evolves in a way that benefits its users and stakeholders.

Interlay has been audited by industry leaders in blockchain security, adding an extra layer of trust and reliability to its services. The platform integrates with various apps and services, making it a one-stop shop for all Bitcoin-related DeFi activities.

In summary, Interlay empowers Bitcoin holders to put their BTC to use in a secure, decentralized, and efficient manner, unlocking new financial opportunities in the DeFi space.

Keywords: Bitcoin, DeFi, blockchain, vault, iBTC, lending, staking, decentralized, DAO, governance.