BTC Proxy - A Seamless Bitcoin Liquidity Protocol
BTC Proxy has set out on a quest to ensure a secure and created simplified bitcoin liquidity protocol platform that rewards BTC liquidity providers with PRXY and MATIC tokens on the revolutionary platform, the interesting thing is that there is already an increasingly growing massive adoption of the protocol, this exceptional platform has set out as one of the best you could find around the crypto community that is providing the best liquidity to everyone so that they too can efficiently safeguard their digital assets as this ecosystem expands. Integrating the polygon Protocol aligns perfectly with this goal. And this is going to be an exceptional one.
BTC Proxy platform is creating an institutional BTC-Polygon bridge with the use of competent custodians. This multi-institutional protocol for the decentralized tokenization of Bitcoin is utilizing the proxy relay to run effectively and efficiently. This in turns gives Bitcoin holders within the platform a decentralized bridge to stake their Bitcoin and are able to transfer that worth into an Ethereum or Polygon chains not necessarily having a need for centralized exchanges and process that drastically increase the risk that could eventually lead to theft or loss of assets and values.
It is important to know that the BTC Proxy plarform will ensure Financial freedom this amazing platform brings BTC liquidity onto the polygon and ethereum ecosystem and not leaving behind DeFi applications. The exceptional platform has also developed a decentralized bridge that gives bitcoin holders a decentralized bridge which enable the transfer their Bitcoin value into an MRC20 or ERC20 token and not necessarily needing a centralized exchanges and systems to carry that out. within this amazing platform is a secured lubrication that provided unmatched lubrication for the flow of blockchains securely and efficiently and users not have anything to worry about. This revolutionary platform is also flexible and has made sure that is absolutely easy without delay to redeems your bitcoin anyday and anytime users wants to do that. The team of this amazing project have also made sure that there is standardized bitcoin to both polygon and eth formats and this ensures that bitcoin holders are able to participate in decentralized Finance applications that are otherwise not compatible.
FEATURES OF THE BTC Proxy PLATFORM
Minting Practically give room for users to create new BTC Proxy tokens. It is finalized in a decentralized form through interaction with a smart contract on this amazing platform.
Redemption on this revolutionary platform gives users the access to be able to redeem BTCpx tokens for Bitcoin. All users need to do is to connect your polygon wallet to the Web3.js interface of the btcpx.io, follow the required simple and easy process and you are good to go. It is that easy and a credible one. Earning yield allows users the access to stake BTCpx into liquidity pools to earn amazing rewards.
Custody which is insured by a regulated custodian Hex Trust the interesting features of this custodian that the team has carefully chosen enables safekeeping of funds using mulitsig hot/cold wallets with insurance against Crime, theft and employee dishonesty, this is one area that the team has carefully worked on, which has also set out the platform to be a credible one.
Proxy Governance - $PRXY token will be the fuel within this revolutionary platform has it has ensured voting on important business issues surrounding the growth of the Proxy Protocol and this as well takes charge of Bitcoin farming of the fees generated by this revolutionary protocol.
How BTC Proxy Protocol Works
Its work is actually similar to those of other bridges where users of the platform should have a metamask chrome extension on their computers, where users can then connect their wallet to the BTC proxy platform. Another easy way is by depositing BTC from a private wallet into the contract where which users can use it to mint the BTCpx token at 1:1 ratio. Where users have deposited 10 BTC, approximately 10 BTCpx can be minted after paying a 0.1% minting fee.
The minted BTCpx can be supplied to the Bond or Staked for interest which is paid with a PRXY token. Users of the platform can also auto compound the PRXY token for 2000% APR. And it is interesting to also know that, the maximum supply of PRXY is 21,000,000. which is the same as Bitcoin maximum supply. Over a while, emission of PRXY will continue to decline and token emission will be slowed down.
CONCLUSION
This platform has given the crypto community has a whole the opportunity to better and efficiently utilize your bitcoin assets, instead of allowing it to just sit in your wallets with utility for them there. it is glaring that we all want to earn income with little or no stress, this platform is presenting a great opportunity for that. The BTC Proxy Defi Protocol platform has created a win-win master plan or procedure that rewards users increase Bitcoin liquidity on Ethereum and Polygon blockchains. With the efforts put in by the team this bridge is definitely revolutionizing the crypto space. And i will put this straight that it is worthy to be a part of this revolution.
FOR FURTHER INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Website: https://btcproxy.io/
Whitepaper: https://docs.btcproxy.io/
Telegram: https://t.me/BTC_Proxy
Twitter: https://twitter.com/BTC_proxy
Medium: https://medium.com/btc-proxy
Discord: https://discord.com/invite/JVHUbREbBU
Bounty0X username: Fifunmi