BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20 utilizing our Proxy Protocol called the Proxy Relay. It gives Bitcoin holders a decentralized bridge to stake their Bitcoin into custody and transfer that value into an ERC20 token without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss.
BTC Proxy also allows for the transfer of value without price slippage and is independent of liquidity which is a factor that affects exchange prices on Centralized exchanges and Decentralized exchanges.
The following are the features of BTC Proxy:
Minting - Allows you to create new BTC Proxy tokens. It is completed in a decentralized form through interaction with a smart contract.
Redemption - Allows you to redeem BTCpx tokens for Bitcoin. You need to connect your ETH wallet to the Web3.js interface of the btcpx.io.
Earning Yield - Allows you to stake BTCpx into liquidity pools to earn rewards (yield)
Custody - Insured by a regulated custodian Hex Trust the features of this custodian allow for the segregation of funds and insurance against Crime, theft and employee dishonest
PROXY Governance - is through the PRXY token which allows for voting on key business issues around growth of the Proxy Protocol
Verificado 0%
Atenção. Existe o risco de os membros não verificados não serem realmente membros da equipe
