What is BTC Proxy?
Gives a brief overview of BTC Proxy
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.
BTC Proxy also allows for the transfer of value without price slippage and is independent of liquidity which is a factor that affects exchange prices on Centralized exchanges and Decentralized exchanges.
Last modified 1yr ago