CN2
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Proxy v1 Overview
Circulating Supply
551,501 PRXYV1
Proxy v1 News
CN2
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About Proxy v1
Proxy v1 (PRXYV1)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, PRXYV1 and BTCPX, to facilitate this functionality.
Proxy v1 (PRXYV1) is primarily used to support the Proxy protocol's functionality in the DeFi space. The PRXYV1 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.
Proxy v1 Markets
CN2
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Proxy v1 Platforms
CN2
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