BTC Proxy
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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.
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