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Interlay is a modular, programmable layer between Bitcoin and the multi-chain ecosystem that unlocks decentralized (financial) use cases for BTC.
Interlay’s vision is to help Bitcoin achieve mass adoption by unlocking decentralized (financial) use cases for BTC and removing the need for centralized services. Interlay’s achieves this by creating the necessary infrastructure and financial tooling for both users and builders:
* **DeFi for Bitcoin**: Interlay’s DeFi hub a one-stop shop for all things decentralized Bitcoin finance featuring BTC swaps, lending, and staking. High throughput, low fees payable in any asset, and native stablecoin integrations aim to provide an experience competing even with centralized providers.
* **Bitcoin for DeFi**: Interlay’s BTC bridge is the secure way to use Bitcoin in the multi-chain ecosystem. iBTC, a 1:1 BTC-backed asset, is secured by a decentralized network of vaults. BTC deposits are insured by a multi-collateral system and secured by cross-chain light clients.
* **Building Bitcoin dApps**: Interlay will support Bitcoin dApp development on top of its modular network.
The INTR governance and utility token’s main purposes are:
* Stake-to-vote. Lock INTR to participate in governance & earn staking rewards. The longer the lock, the higher to voting power & staking rewards.
* Utility. Transaction and cross-chain fees can be paid in INTR.
* Collateral. INTR can be used as one of the collaterals to back iBTC and other Interlay assets.
* Outlook: Product benefits: In the future, INTR may offer stakers additional security and product benefits, e.g. better liquidation and collateral rates, or lower swap fees.
The Interlay network launched on 11 March 2022.
## **How Many INTR Coins Are There in Circulation?**
INTR features an unlimited supply. The emission schedule is defined as follows:
* 1 billion (1,000,000,000) INTR emitted over the first 4 years
* 2% annual inflation afterwards, allocated to the protocol treasury to fund future development and maintenance.
70% of the supply is distributed to the community as airdrops and block rewards: 30% to Vault rewards 5% to governance staking rewards (“stake-to-vote”), and 35% to the on-chain treasury controlled by network governance (of which 10% are airdropped during the first crowdloan). 10% are allocated to a reserve, to be spent on network development and community & ecosystem building. 20% are airdropped to the (current and future) team and early backers who funded the initial development.
Interlay is a modular, programmable layer between Bitcoin and the multi-chain ecosystem that unlocks decentralized (financial) use cases for BTC.
Interlay’s vision is to help Bitcoin achieve mass adoption by unlocking decentralized (financial) use cases for BTC and removing the need for centralized services. Interlay’s achieves this by creating the necessary infrastructure and financial tooling for both users and builders:
* **DeFi for Bitcoin**: Interlay’s DeFi hub a one-stop shop for all things decentralized Bitcoin finance featuring BTC swaps, lending, and staking. High throughput, low fees payable in any asset, and native stablecoin integrations aim to provide an experience competing even with centralized providers.
* **Bitcoin for DeFi**: Interlay’s BTC bridge is the secure way to use Bitcoin in the multi-chain ecosystem. iBTC, a 1:1 BTC-backed asset, is secured by a decentralized network of vaults. BTC deposits are insured by a multi-collateral system and secured by cross-chain light clients.
* **Building Bitcoin dApps**: Interlay will support Bitcoin dApp development on top of its modular network.
The INTR governance and utility token’s main purposes are:
* Stake-to-vote. Lock INTR to participate in governance & earn staking rewards. The longer the lock, the higher to voting power & staking rewards.
* Utility. Transaction and cross-chain fees can be paid in INTR.
* Collateral. INTR can be used as one of the collaterals to back iBTC and other Interlay assets.
* Outlook: Product benefits: In the future, INTR may offer stakers additional security and product benefits, e.g. better liquidation and collateral rates, or lower swap fees.
The Interlay network launched on 11 March 2022.
## **How Many INTR Coins Are There in Circulation?**
INTR features an unlimited supply. The emission schedule is defined as follows:
* 1 billion (1,000,000,000) INTR emitted over the first 4 years
* 2% annual inflation afterwards, allocated to the protocol treasury to fund future development and maintenance.
70% of the supply is distributed to the community as airdrops and block rewards: 30% to Vault rewards 5% to governance staking rewards (“stake-to-vote”), and 35% to the on-chain treasury controlled by network governance (of which 10% are airdropped during the first crowdloan). 10% are allocated to a reserve, to be spent on network development and community & ecosystem building. 20% are airdropped to the (current and future) team and early backers who funded the initial development.