Proxy, renamed BTC Proxy, is the institutional-grade Bitcoin DeFi bridge to the Polygon and Ethereum networks. The platform has a migrated contract address from Proxy to BTC Proxy. The BTC Proxy platform aims to provide a scalable layer-2 protocol to decentralized tokenization of Bitcoin, mainly for multinational institutions. Users can trade and manage their assets cross-chain (across different blockchains) on the platform utilizing the Proxy Relay. Proxy Relay is the bridge that Bitcoin holders can use to stake and transfer Bitcoin into another chain like Ethereum or Polygon without the need for a central exchange system.

As its whitepaper suggests, the platform faces some challenges with the current Ethereum ecosystem. For instance, the lack of a proper permissionless and decentralized bridge to transfer Bitcoin value to Ethereum/Matic; smart contracts dominate DEXs, digital swaps, and many other functions; and CEX and systems are exponentially increasing counterparty risks. Thus, to overcome these challenges, the BTC Proxy network aims to facilitate the features including minting, redemption, earning yield, custody (keeping funds safe with the help of regulated custodians), and PROXY governance.

BTC Proxy is a Bitcoin Liquidity Protocol that enables users to trade and transfer funds without price slippage. In addition, the protocol has independent liquidity that affects the exchange prices on centralized exchanges (CEX) and decentralized exchanges (DEX). The ecosystem also intends to help the users by providing financial freedom, supporting a decentralized bridge for securely and efficiently transferring funds, a flexible platform for redemption and standardizing Bitcoin for MRC20 and ERC20 formats.

The BTC Proxy ecosystem runs a community-governed DAO structure, with its two tokens, MATIC and PRXY, working in tandem. Here, MATIC is a reward token, and PRXY is a governance token that powers the ecosystem's growth. PRXY is the ERC20-based protocol token.

Further, using PRXY, users can submit proposals or funding requests to improve the ecosystem. PRXY can also be used for staking, Bitcoin farming, paying gas fees for the minting and redeeming BTCpx, liquidity mining, etc. BTCpx is the deposit to custody minted coin powering the BTC Proxy ecosystem. Also, users can earn PRXY by providing liquidity to BTCpx in the Automated Market-Making (AMM) pool and facilitates staking liquidity pool tokens into the staking contacts.

Donnie Kim is the founder and CEO of the BTC Proxy ecosystem. The team decided to launch the BTC Proxy platform with a maximum supply of 21 million PRXY tokens.

我们实时将 Proxy 更新为 USD 货币。通过 Coinbase 获取最新 Proxy 价格。

Proxy的当前市值为 US$0.00。高市值意味着该资产在市场上的价值很高。

Proxy的历史最高价位是 US$48.34。这是Proxy自推出以来的最高价格。

在过去 24 小时内，Proxy的交易量为 US$0.00。

与Proxy具有相似市值的资产包括Hypersign identity, TABANK, MyBricks和许多其他资产。要查看完整列表，请参阅我们的可比市值资产。

Proxy的当前流通供应量是 0。