Bitcoin Proxy Protocol
BTC Proxy or the Proxy Protocol is a Layer-2 Interoperability of Bitcoin on Ethereum. It allows Bitcoin holders to stake their BTC into an insured custodian to mint an ERC20 token called BTCpx. BTC Proxy solves a big issue within DeFi. BTC Holders are exposed to counterparty risks, price slippage, and lack of liquidity when performing an exchange into ERC20.
