Press release
Press release. BTC Proxy, the Bitcoin liquidity protocol for polygons, has entered into a strategic partnership with Blockchain.com, one of the world’s largest crypto platforms and an early pioneer of the major Bitcoin infrastructure. As part of the partnership, Blockchain.com will add BTC liquidity to the proxy ecosystem by creating BTCpx. Moving Bitcoin to the Polygon Network expands the DeFi ecosystem and provides users with reward opportunities.
BTC Proxy is a true Bitcoin by creating an interoperability mechanism for accessing prepaid cards from long-term holders without sacrificing security using qualified custodians. I think I have solved the problem. You can take advantage of this tokenized volume to provide liquidity and drive value to all relevant networks.
BTCpx is a tokenized receipt of Bitcoin (BTC) deposited with a qualified custodian. This deployment uses BTCpx to navigate a carefully crafted sustainable rewards program while keeping Bitcoin under multiple layers of security, making it more accountable and secure than ever before. ..
“This relationship with Blockchain.com involves one of the original most trusted names joining cryptocurrencies. This is an important milestone for the project and has a significant Bitcoin holding of BTC Proxy. Seeing it as a person’s option shows trust within the organization. “
— BTC Proxy CEO Don Kim
Creating BTCpx is a decentralized process that occurs when BTC is deposited to a custodian’s specified deposit address.The protocol creates a BTCpx token detection When Confirmation Of deposits.
The importance of Blockchain.com’s participation exceeds the amount of BTC deposited. It also Polygon foundation, Use $ Matic tokens to encourage additional BTC moves while increasing Total Value Locked (TVL) on your network. The Polygon Foundation also provides $ Matic tokens each time a user mint BTCpx into Polygon. This provides new users to access the network and gas to execute subsequent transactions. These incentives and many others will be summarized in a future marketing campaign called #BTConPolygon. Please wait for a while for more information.
“More Bitcoin supplies are refrigerated, which means a culture of retention. Therefore, holdings are the preferred strategy in the Bitcoin market, with long-term holders and cryptocurrency whales leading the competition. “— Blockchain.news September 24, 2021
Depositing Bitcoin with one of BTC Proxy’s insured management partners guarantees the safest storage environment.
“Bitcoin is different from altcoin, where storage is not considered and security is much more important than risk.” —Don Kim
Three mechanisms increase TVL in the network
Within the DeFi ecosystem, BTCpx can bet on a program called iBTCpx (Interest Bearing BTCpx) This is $ PRXY Governance token for each block. $ PRXY derives its value from the locked total value (TVL) obtained from Casting, staking, and re-staking (((( The MCAP / TVL ratio for most DeFi protocols can be investigated at: DefiLlama).
Reacquisition allows participants to accelerate profits when: CLime and stake $ PRXY rewards the main compound interest staking pool. Detailed calculations are below. Annual yield (APY) values are subject to change.
Provides BTC liquidity for claiming PRXY and MATIC rewards.
- deposit BTC Detain in mentha BTCpx (Polygon) https://btcpx.btcproxy.io
- Deposit BTCpx to iBTCpx Earning program PRXY Token https://app.btcproxy.io/#/programs
- Claims and stakes PRXY Rewards for compound interest staking programs to earn 170% APY https://app.btcproxy.io/#/stake
View the full presentation of Bitcoin yield strategy https://ggle.io/4XZw
About Blockchain.com
Blockchain.com connects the world to the future of finance. Global companies with international teams scattered around the world are the most trusted and fastest growing cryptocurrency companies, helping millions of people around the world access cryptocurrencies securely. doing. The venture has been backed since 2014, and Blockchain.com recently raised $ 537 million in equity capital at a valuation of $ 5.2 billion. For more information, visit Blockchain.com, follow us on Twitter @blockchain, check out the Blockchain.com podcast, and blog about the latest company news.
About BTC Proxy
Launched on July 30, 2021, BTC Proxy provides a more scalable Layer 2 protocol for decentralizing Bitcoin tokenization using unauthorized interfaces. At its core, BTCpx is a Bitcoin bridge that uses an insured multisig third-party custodian to encourage Bitcoin (BTC) participation in DeFi. With BTC Proxy, individuals and institutions can safely earn sustainable yields and rewards, surpassing most products available on the Bitcoin Marketplace. For more information, please visit BTCproxy.io and follow us on Twitter. @BTC_proxyFor the latest news, see the article about Medium.
This is a press release. Readers must perform their own due diligence before taking any action related to the promoted company or its affiliates or services. Bitcoin.com may, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or trust of the content, goods or services described in the press release. We do not take any responsibility.
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