IBY is a decentralized protocol built on the Ethereum network that empowers users to engage in peer-to-peer betting. With IBY, participants can wager any amount of tokens on any challenge. Users can lock their tokens into a smart contract as a stake while inviting others to match their wager, creating a fair and transparent betting environment. The unique feature of IBY is that the staked amounts are not only secured but also utilized in decentralized finance (DeFi) yield farming strategies throughout the duration of the bet. The interest earned during this period is distributed among the judges who determine the outcome of the bet, as well as the IBY protocol itself. IBY aims to serve as a straightforward tool for users to demonstrate their confidence in their claims. By facilitating bets, it offers an engaging way for individuals to interact with the world of decentralized finance. Additionally, it serves as an educational platform, allowing users to become familiar with yield farming and various DeFi protocols. The iBetYou decentralized application is currently operational on the Polygon network, leveraging AAVE for yield generation. This integration enhances the user experience by providing a seamless and efficient betting process within the DeFi ecosystem.