BTC Proxy
  • BTC Proxy Documentation
  • Getting Started
    • What is BTC Proxy?
    • Current Challenges
    • Features
    • The Proxy Relay
    • BTC Proxy Advantages
    • Use Cases
    • User Interface & Navigation
    • On-Chain Transfer Restrictions
    • Fees
    • Minimizing Transaction Risks
  • Minting
    • How to Mint Video
    • What is Minting?
    • Minting Sequence
    • BTC Proxy Mint Interface
    • How to Mint?
  • Redeeming
    • How to Redeem Video
    • What is Redeeming/Burning?
    • Burning Sequence
    • BTC Proxy Redeem Interface
    • How to Redeem?
  • Custody
    • What is Custody?
    • Custodian Wallet Setup
    • Transferring Funds from Cold to Hot Wallets
    • Insured Custody
    • Regulated
    • Integration
  • PRXY Token
    • What is PRXY Token
    • Tokenomics
    • Functions of PRXY
    • Allocation
    • Roadmap
    • Legally Binding
  • BTC Proxy DeFi
    • Bitcoin Farming
    • Compound Staking
    • Treasury Bonds
    • Programs
    • Redux
  • Contract Addresses
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  1. Getting Started

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

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Last updated 3 years ago

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