interBTC is a 1:1 Bitcoin backed asset that can be used to invest, earn and pay with BTC across the DeFi ecosystem on Polkadot, Ethereum, Cosmos and many more.
What makes interBTC unique is the strict dedication to being trustless and decentralized:
1) Secured by Insurance. Vaults lock collateral on the interBTC parachain in various digital assets - in a MakerDAO-inspired multi-collateral system. If Vaults misbehave, their collateral is slashed and users reimbursed. As a user, you only trust that Bitcoin and the DeFi platform you use are secure.
2) Radically Open. Anyone can become a Vault and help secure interBTC, anytime. Yes, you can run your own Vault!
Where is interBTC available for purchase?
You can exchange IBTC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading interBTC is Hydration, notably the IBTC/WBTC pair, which saw a trading volume of $ 1,861 in the past day. Additionally, Acala Swap and StellaSwap are popular alternatives for trading tokens.
What is the highest value interBTC (IBTC) has ever reached?
interBTC (IBTC) reached its peak price at 547,683 $ on 13 June 2024, approximately a year ago ago. Presently, the current price is -77.65% lower than this all-time high.
What is the historical minimum price for interBTC (IBTC)?
The minimum price reached for interBTC (IBTC) was 13,992.39 $, documented on 08 May 2023, more than 2 years ago. In comparison, the current price is 774.46%, it above this historical low.