Today, we would like to introduce the proposal of M-Tokens to add the MBTC Metapool on the Curve platform.
First of all, MBTC is an ERC-20 token on Ethereum issued by M-Tokens on a 1:1 basis peg to actual Bitcoin. This enables seamless integration of crypto assets on other blockchains into the Ethereum ecosystem and brings the community another choice to enjoy the cross-chain transaction with convenience, transparency, and value.
All M-Tokens reserves are safeguarded by qualified custodians who manages private keys in the industry high-level HSMs and its proprietary multi-tiered storage system by the tier-4 grade data centers across three continents. Its segregation of duty and zero-trust system design can guarantee the safety and availability of the assets without dependency on any single individual.
Meanwhile, a multi-signature mechanism is adopted by M-Tokens for its crucial aspects such as mining and burning, allowing on-the-chain verification. Thus, it provides cross-chain asset services that are both transparent and reliable. Major parties taking part in M-Tokens include the governing bodies, custodians, merchants, and end-users.
Currently, M-Token has collaborated with SynFutures protocol, where its users can use MBTC to trade the derivatives product on the platform. M-Token has also partnered with Matrixport on industry-leading crypto-financial solutions, which will empower M-Token with the capacity of yield generating in the future. Most importantly, the capability to conduct structural products and become a gateway between DeFi and CeFi will be the parts we focus on, and it definitely is our unique advantage.
We believe that adding the MBTC pool will increase the liquidity of Bitcoin on Ethereum, and enable the BTC holders invest their assets into Ethereum projects in a convenient, speedy and cost-effective manner.
Vote us on Curve now