#collateral requirement

New Blockchain Protocol To Reduce Collateral Requirements In Cross-Chain Applications

A new blockchain protocol funded by Web 3.0 Foundation aims to reduce collateral requirements in DeFi and cross-chain applications.

It has been reported that interlay received a grant from the foundation to build a bridge between Polkadot and Bitcoin (BTC), as the latest paper to come out from this project, “Promise: Leveraging Future Gains for Collateral Reduction”, proposes a new protocol.