Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum and other major DeFi networks. Read more about Interlay's vision of blockchain interoperability.
$INTR is interBTC's governance token, distributed across network participants and used to elect council members and vote on proposals. $INTR will be used to govern the interBTC parachain on Polkadot. The INTR token's main purposes are: 1) Governance. $INTR holders vote on governance proposals. 2) Staking. To participate in governance, holders stake $INTR and earn $INTR staking rewards in return. 3) Utility. Interlay will support transaction fee payments in $INTR. 4) Outlook: $INTR will be tightly integrated into the bridge, offering token holders additional security and product benefits.