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$17.19
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7.85%
00:17:28:38
Proxy
$0.0₃5001
0.00%
ProxyPRXY
PRXY
$0.0₃5001
0.00%
Proxy Price Converter
Proxy Information
Proxy Supported Platforms
| PRXY | ERC20 | POL | 0xab3d689c22a2bb821f50a4ff0f21a7980dcb8591 | 2021-12-17 |
| PRXYV1 | ERC20 | POL | 0x1441729568ab2a9871677edfeb13fbfcc7157a26 | 2021-09-07 |
About Proxy
Proxy (PRXY) is a cryptocurrency token designed to enable the decentralized tokenization of Bitcoin, allowing users to participate in DeFi activities on Ethereum, Polygon, and BNB networks. It uses two tokens, PRXY and BTCPX, to facilitate this functionality.
Proxy (PRXY) is a cryptocurrency token that facilitates the decentralized tokenization of Bitcoin onto Ethereum, Polygon, and BNB networks. It serves as a bridge enabling users to access various decentralised finance (DeFi) products. Proxy utilises two main tokens: PRXY, which is the utility token, and BTCPX, which is a Bitcoin wrapper. The project aims to provide a permissionless way to use Bitcoin within DeFi ecosystems, allowing for greater liquidity and utility of Bitcoin assets across different blockchain networks.
Proxy (PRXY) is primarily used to support the Proxy protocol's functionality in the DeFi space. The PRXY token is utilised within the ecosystem for various governance and utility purposes, while BTCPX acts as a wrapped Bitcoin token, enabling Bitcoin holders to engage in DeFi activities without directly using their BTC. This setup allows users to earn yields and participate in DeFi applications on Ethereum, Polygon, and BNB networks using their Bitcoin holdings. The protocol provides a seamless bridge for Bitcoin into DeFi, enhancing its liquidity and utility.