📲Converting BTC

What are the possibilities around converting BTC on the rewards address?

One of the important questions we set out to ask with our research was: can we point a Bitcoin PoX reward address somewhere which converts it to sBTC or STX automatically?

As it turns out, there are several ways of converting the PoX yield to sBTC or STX. Some of these methods require manual conversion and trust in the team, while another one can potentially be full automated (but lacks flexibility and a clear short-term launch date).

In the following sections, we will look at 3 ways of converting: manual conversion, API conversion and conversion through the sBTC peg-in address and Taproot.