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How to Earn PRXY
Yield Farming the PRXY Governance by providing liquidity
To increase the usage and adoption of BTCpx, there will be a tiered incentivization program based on risk. PRXY - The Proxy Governance Tokens will be allocated as a reward for a locking up BTCpx or by providing liquidity into select pools
Single Asset Staking - For users that only want to lock up their BTC to earn yields, simply mint BTCpx and lock it in a vault to earn PRXY yields. APY is calculated daily.
Staking BTCpx into DeFi Liquidity Pools - To increase adoption and usage of BTCpx in various DeFi pools, Stakers and Liquidity Providers will be rewarded with a higher yield rate because of increased risks. Collateral tokens from the pools can be staked into the staking contract to earn PRXY rewards and trading fees. Proposed Examples of Pools
    1.
    Unwrapped Liquidity Pool 50:50 BTCpx and WBTC By providing liquidity into this Uniswap pool the user can earn the PRXY token as a reward by staking the LP token into the corresponding Staking Contract
    2.
    DeRen Liquidity Pool 50:50 BTCpx and renBTC By providing liquidity into this Uniswap pool the user can earn the PRXY token as a reward by staking the LP token into the corresponding Staking Contract
Last modified 2mo ago
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