Article Summary, Automatically Generated By AI
Summary of BTC Proxy
- BTC Proxy is a scalable layer-two protocol for decentralizing Bitcoin tokenization, mainly for multinational institutions.
- It uses insured multisig third-party custodians to unlock dormant BTC.
- Proxy Finance offers liquidity mining and rebase staking programs for BTC holders to earn higher yields.
- No specific numbers or figures mentioned.
- No case studies, anecdotes, or examples mentioned.
About BTC Proxy: Empowering Decentralized Finance
BTC Proxy offers a scalable, layer-two protocol designed to decentralize the tokenization of Bitcoin, primarily catering to multinational institutions. At its core, BTCpx serves as a Bitcoin bridge, leveraging insured multisig third-party custodians to unlock the potential of otherwise dormant BTC. By integrating Proxy Finance’s liquidity mining and rebase staking programs, BTC holders can now participate in a DeFi 2.0 protocol, thereby earning substantially higher yields.