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
Powered by GitBook
On this page

Was this helpful?

  1. Getting Started

Features

Lists and defines the core features of BTC Proxy.

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) at PRXY.FI

  • Custody - 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

  • PROXY Governance - 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.

PreviousCurrent ChallengesNextThe Proxy Relay

Last updated 3 years ago

Was this helpful?