BTC Proxy offers decentralized, secure Bitcoin tokenization to enhance institutional and retail access to DeFi ecosystems. More
Fully Diluted Valuation | $1.57M |
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24H Trading Volume | $20 |
24H Low / High | $0.00 / $ 0.00 |
Circulating Supply | 261.57 |
Total Supply | 261.57 |
Max Supply | ∞ |
Categories | Liquid Staking 2 more |
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Founder | Anonymous |
Website | prxy.fi |
Socials | 4 more |
Chains |
Ethereum Ecosystem
1 more
|
Explorer | Polygonscan 3 more |
Contracts |
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Name | Pair | OG Score |
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BTC Proxy (BTCpx) is a decentralized protocol designed to tokenize Bitcoin in a secure, scalable way. Its main goal is to bridge Bitcoin holders into the world of decentralized finance (DeFi) by facilitating tokenized Bitcoin on Ethereum (ERC-20) and Polygon (MRC-20) networks. Through this, BTC Proxy addresses the challenges of high transaction fees, counterparty risks, and limited liquidity typically associated with traditional Bitcoin transactions.
The protocol's core technology is the "Proxy Relay," a decentralized bridge that uses insured multisig third-party custodians to safely store Bitcoin. BTC holders can tokenize their assets, allowing them to participate in DeFi applications on multiple chains without the need for centralized exchanges. The insured custody feature enhances trust by protecting Bitcoin deposits, minimizing transaction risks that users might otherwise face.
BTC Proxy also offers advanced DeFi features such as liquidity mining and rebase staking, enabling participants to gain returns on their tokenized Bitcoin. This focus on institutional-grade security and liquidity management makes BTC Proxy a unique solution for decentralized Bitcoin transactions. Additionally, the platform aims to attract multinational institutions seeking to unlock the yield potential of otherwise dormant BTC assets.
BTC Proxy enables secure, decentralized Bitcoin tokenization on Ethereum and Polygon with insured custody.
Information about the founders of BTC Proxy is not publicly disclosed.
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