BTC PROXY A MULTI-INSTITUTIONAL PROTOCOL FOR THE DECENTRALIZED TOKENIZATION

3 min readApr 30, 2022

BTC PROXY A MULTI-INSTITUTIONAL PROTOCOL FOR THE DECENTRALIZED TOKENIZATION

BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20 and MRC20 formats utilizing the Proxy Relay. This gives Bitcoin holders a decentralized bridge to stake their Bitcoin into custody and transfer that value into an onto Ethereum or Polygon chains without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss. Proxy is designed with long-term protocol sustainability, with backing from institutional liquidity. BTC Proxy is compatible with Ethereum and Polygon Networks

Basic features of BTC Proxy

Lists and defines the core features of BTC Proxy.

The following are the features of BTC Proxy:

 — Allows you to create new BTC Proxy tokens. It is completed in a decentralized form through interaction with a smart contract.

 — Allows you to redeem BTCpx tokens for Bitcoin. You need to connect your ETH wallet to the Web3.js interface of the btcpx.io.

 — Allows you to stake BTCpx into liquidity pools to earn rewards (yield) at PRXY.FI

 — Insured by a regulated custodian Hex Trust the features of this custodian allows for the safekeeping of funds using mulitsig hot/cold wallets with insurance against Crime, theft and employee dishonesty

 — is through the $PRXY token which allows for voting on key business issues around growth of the Proxy Protocol as well as Bitcoin Farming of the fees generated by the protocol.

BTC Proxy DeFi

Bitcoin DeFi Yield Strategies

- The ability to use PRXY or BTCpx to farm actual Bitcoin (coming soon)

- The primary value accrual system

- The secondary value accrual system

— Special yield strategies to fit the market needs

BTC Proxy Advantages

Provides the list of advantages of using BTC Proxy

The following are the advantages of BTC proxy:

 Financial Freedom — BTC Proxy brings BTC liquidity onto the Polygon and Ethereum ecosystem and #DeFi applications.

 Decentralized Bridge — It gives Bitcoin holders a decentralized bridge to transfer their Bitcoin value into an MRC20/ERC20 token without the need for centralized exchanges and systems.

 Secured Lubrication — Provides the lubrication for the flow of blockchains securely and efficiently.

 Flexible — With BTC Proxy, it is easy to redeem your Bitcoin anytime

Standardized Bitcoin — BTC Proxy standardizes Bitcoin to both MRC20 and ERC20 formats allowing the Bitcoin holders to participate in Decentralized Finance applications that are otherwise not compatible

🙂 Farm Bitcoin not Shitcoins with PRXY 😎

⚡️BTC Proxy is an institutional-#Bitcoin liquidity Protocol. We are creating the BTC-DeFi ecosystem for passive income strategies for Bitcoin.

Revolutionary BTC Farms using $PRXY⚡️

BUY HERE — QuickSwap

(https://quickswap.exchange/#/swap?inputCurrency=0x2791bca1f2de4661ed88a30c99a7a9449aa84174&outputCurrency=0xab3d689c22a2bb821f50a4ff0f21a7980dcb8591)

Check Price here — CoinMarketcap (https://coinmarketcap.com/currencies/proxy/)

🗞 Press

Jan 1 Staking Press Release (https://news.bitcoin.com/btc-proxy-institutional-bitcoin-defi-bridge-to-begin-33-rebase-staking-jan-1-2022/)

Mar 16 Blockchain.com Partnership (https://news.bitcoin.com/btc-proxy-announces-strategic-partnership-with-blockchain-com-to-expand-bitcoin-defi-ecosystem/)

Apr 7 Green Pill Ama with CEO Donn Kim (https://twitter.com/i/spaces/1dRKZlnLAPzJB)

Apr 12 AMA with Sandeep Nailwal and Donn Kim (https://twitter.com/i/spaces/1PlJQaYLgYZJE)

💬 Join discussions and stay wrapped up with BTC Proxy through our socials:

Btcproxy.io (https://btcproxy.io/)

Discord (https://discord.gg/rRyMkMVE6R)

Twitter (https://twitter.com/BTC_proxy)

Medium (https://medium.com/btc-proxy)

Youtube (https://www.youtube.com/watch?v=_4dd4k8QOtg)

Facebook (https://www.facebook.com/groups/518259788663468/)

PRXY Contract address:

Polygon-0xab3D689C22a2Bb821f50A4Ff0F21A7980dCB8591