diff --git a/11-Annex-Proxy.md b/11-Annex-Proxy.md
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+## 11 Proxies
+
+Proxies are entities that aggregate hashrate from multiple Mining Devices into a single Connection.
+
+The following protocol primitives are based on the assumption that proxies are part of the infrastructure:
+- Extended Extranonces: allowing for efficient hashing space distribution.
+- Future Jobs: allowing for in-site caching of Future Jobs (therefore avoiding empty Jobs).
+
+Proxies can be nested into multiple layers, depending on different needs for miner infrastructure.
+The infrastructure complexity may vary according to operational requirements, but a single proxy layer should suffice for most simple setups.
+
+Proxies can be split in two main categories:
+
+### 11.1 Mining Proxy
+
+TODO: review correctness of this
+
+A Mining Proxy covers the full scope of the Mining Protocol. It supports all types of channels, both for Upstream and Downstream Connections.
+
+| | **Standard Channels** | **Group Channels** | **Extended Channels** |
+|----------------|-----------------------|--------------------|-----------------------|
+| **Upstream** | yes | yes | yes |
+| **Downstream** | yes | yes | yes |
+
+A Mining Proxy is responsible for delivering Jobs to Downstream Channels and is a crucial piece of infrastructure for optimizing the hash space distribution across multiple SV2 Mining Devices (plus SV1 Mining Devices, in case a Translator Proxy is available Downstream).
+
+A Mining Proxy can forward multiple Standard Channels to the Upstream, ideally one representing each SV2 Mining Device Downstream.
+The Upstream (Pool, JDC or another Mining Proxy) is expected to send a `SetGroupChannel` message aggregating different Standard Channels.
+The Upstream sends jobs via `NewExtendedMiningJob` to Group Channels, and if some Downstream is a Mining Device (i.e.: the `SetupConnection` had the `REQUIRES_STANDARD_JOBS` flag) the Mining Proxy converts that message into different `NewMiningJob` messages after calculating the correct Merkle Root based on each Standard Channel's `extranonce_prefix`.
+
+Alternatively, a Mining Proxy could aggregate multiple Donwstream Standard Channels into a single Extended Channel. The Upstream sends Jobs via `NewExtendedMiningJob`, and for each Downstream SV2 Mining Device, the Mining Proxy sends different `NewMiningJob` message, where the Merkle Root is based on the Standard Channel's `extranonce_prefix`.
+
+ 
+
+### 11.2 Translator Proxy
+
+A Translator Proxy has a much more limited scope of functionality, when compared to a Mining Proxy.
+It can only open Extended Channels with its Upstream, and all its Downstream Connections are SV1.
+
+Its main purpose is to allow legacy SV1 Mining Devices to be deployed within SV2 infrastructures.
+
+| | **Standard Channels** | **Group Channels** | **Extended Channels** |
+|----------------|-----------------------|--------------------|-----------------------|
+| **Upstream** | no | no | yes |
+| **Downstream** | no (SV1) | no (SV1) | no (SV1) |
+
+A Translator Proxy establishes SV1 connections with its Downstream SV1 Mining Devices, and establishes `extranonce_size` and a unique `extranonce_prefix` for each one of them via the `mining.set_extranonce` SV1 message.
+
+It receives Extended Jobs from the Upstream via `NewExtendedMiningJob` messages. For each Downstream SV1 Mining Device, a `mining.notify` SV1 message is sent, and the SV1 Mining Devices are expected to calculate their own Merkle Roots while rolling over their assigned Extranonce space.
+
+
\ No newline at end of file
diff --git a/img/drawio/mining_proxy_standard.drawio.xml b/img/drawio/mining_proxy_standard.drawio.xml
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diff --git a/img/drawio/translator_proxy.xml b/img/drawio/translator_proxy.xml
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diff --git a/img/mining_proxy_standard.png b/img/mining_proxy_standard.png
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