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BTC farming will be live soon
$PRXY $BTCpx
ALSO! there are no interest payments on the borrowed $$.
so where do the fees come from?
there are 1 time fees when you
mint
borrow
repay
these fees, paid in #BTCpx, get distributed to $PRXY holders.
more $PRXY staked. more #BTCpx (thus #BTC) you make.
See BTC Proxy offers a product that allows #bitcoiners to borrow against their #BTC in a safe way. to do that you deposit BTC for BTCpx. they always maintain a 1:1 ratio.
no trading of that #bitcoin, no lending it out. basically no @Mashinsky and no @investvoyager
but #3 has never been an option.
until @BTC_proxy
see you can either deposit your #BTC in an insured account to receive $PRXY tokens or you can buy $PRXY tokens and stake them.
If you're a #bitcoiner than $PRXY should be your only #altcoin you hold if you hold any. Why?
#Bitcoin has a v strong case for being the hardest money ever.
But to get it requires either 1) building, setting up and maintaining a mining rig 2) buying it w/ fiat 3) farming it.
no. no it didn't.
THIS MONTH @BTC_proxy launches the 1st ever #bitcoin farming product.
yeah. you can miss me w/ miners. just buy and stake your $PRXY tokens and get paid in #BTC