Press release
PRESS RELEASE. BTC Proxy, the Bitcoin Liquidity Protocol on Polygon, has entered into a strategic partnership with Blockchain.com, one of the world’s largest crypto platforms and an early pioneer of key Bitcoin infrastructure. Blockchain.com is adding BTC Liquidity to the Proxy Ecosystem by Minting BTCpx. Users will be rewarded for moving Bitcoin to the Polygon network.
BTC Proxy claims it solved the real problem with Bitcoin. It created a system of interoperability that allows long-term holders to access their stored value without having to compromise safety by using qualified custodians. The tokenized volume is then used to generate liquidity and value for all networks.
BTCpx refers to the Bitcoin tokenized receipt (BTC), which has been placed into a qualified custodian. This arrangement allows the BTCpx to be used for navigation through thoughtfully crafted, sustainable reward programs. The Bitcoin is kept under multiple layers and security. It also provides greater accountability and safety.
“This relationship with Blockchain.com involves the participation of one of the original and most trusted names in crypto. It is a significant milestone for the project and signals confidence within the institutional space to see BTC Proxy as an option for significant Bitcoin holders.”
— Donn Kim, CEO BTC Proxy
BTCpx mining is decentralized and occurs when BTCpx are deposited to a Custodian at a specific address. The protocol generates the BTCpx token. The detection Confirmation The deposit.
The significance of Blockchain.com’s participation extends beyond the amount of BTC being deposited; it also ushers in the participation of the Polygon FoundationIncentivizing additional BTC movement with $Matic tokens and simultaneously increasing Total Value Locked on the network. Polygon Foundation also offers $Matic Tokens for every user who Mints BTCpx onto Polygon. This will allow new users to join the network as well as gas to conduct subsequent transactions. This campaign, #BTConPolygon, will highlight these incentives as well as many other benefits. For more information, stay tuned.
“More Bitcoin supply being kept in cold storage signifies a holding culture. Therefore, holding is a favoured strategy in the Bitcoin market, with long-term holders and crypto whales leading the race.” — Blockchain.news Sept 24 2021
Depositing Bitcoin into one of BTC Proxy’s insured custodial partners ensures the safest holding environments.
“Bitcoin is unlike an altcoin where custody is not taken into consideration and where safety is heavily favored over risk.” — Donn Kim
Three Methods to Increase the Network’s TVL
BTCpx is staked within the DeFi ecosystem into a program called iBTCpxThe yields are indicated by the (Interest Bearing BTCpx). $PRXYEach block has governance tokens. $PRXY gets its value from the Total Value Locked (TVL), from which it was created. Minting, then Staking and finally Restaking (You can find out the MCAP/TVL ratios for most DeFi protocol. DefiLlama).
Participants can increase their earnings by taking part in the “restaking” program Claim and stakeThe $PRXY reward into the main Compoundingstaking Pool. You can find detailed calculation below. The Annual Percentage Yields (APY) may vary.
To claim PRXY or MATIC Rewards, you must provide BTC Liquidity
- Make a deposit BTCIn custody to mint BTCpx (Polygon) https://btcpx.btcproxy.io
- BTCpx to the iBTCpxProgram to Earn PRXY tokens https://app.btcproxy.io/#/programs
- Claim and Stake PRXYYou can earn rewards by joining the compounding stake program 170% Annual Percentage Yield https://app.btcproxy.io/#/stake
For the complete presentation, click here Bitcoin Yield Strategy https://ggle.io/4XZw
Blockchain.com
Blockchain.com brings the financial future to everyone around the globe. With an international team, Blockchain.com has become the largest and most reliable crypto company. This company allows millions to access cryptocurrency safely. Blockchain.com, which has been venture backed since 2014 raised $537M in equity capital at a valuation of $5.2B. Blockchain.com has more information. Follow us on Twitter at @blockchain. Check out The Blockchain.com Podcast. Read our blog to keep up with the latest company news.
BTC Proxy
BTC Proxy, launched July 30, 2021 is a layer-2 protocol which allows Bitcoin tokenization to be decentralized using an open interface. BTCpx, which is an encrypted Bitcoin bridge that uses multisig insured third-party custodians (DeFi), facilitates the inclusion of Bitcoin (BTC). Individuals and institutions alike can enjoy sustainable returns and rewards with BTC Proxy. This allows them to surpass most Bitcoin Marketplace products. For more information, visit BTCproxy.io or follow us on Twitter @BTC_proxyCheck out Medium’s articles for the latest news.
This is a press statement. Before taking action regarding the company, its affiliates, or their services, readers should conduct thorough research. Bitcoin.com does not assume any responsibility for damages or losses resulting from or related to the content, goods, or services in this press release.
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