Bitcoin Proxy offers a unique institutional-grade wrapped Bitcoin solution that leverages Polygon technology to bring Bitcoin to DeFi with no gas and no slippage.
Unlike other wrapped bitcoin offerings, Bitcoin Proxy provides decentralized governance via the PRXY token, insured custody through its partner Hex Trust, and a user-friendly interface to make wrapping bitcoin easy for retail users and institutions alike.
In combination, the ProxyRelay solution reduces transaction costs, eliminates slippage, and significantly reduces counterparty risk to make it easier than ever to wrap your bitcoin to participate in DeFi platforms both on Ethereum and Polygon. By confirming Bitcoin blocks onto an Ethereum smart contract using a MATIC side chain, BTC Proxy enables gasless minting of its wrapped Bitcoin product, BTCpx, and low redemption fees with fast confirmations in under 30 minutes. No KYC is needed. Users can stake PRXY tokens to farm Bitcoin Rewards paid in BTCpx, which is redeemable for BTC.
What is the highest value Proxy (PRXY) has ever reached?
Proxy (PRXY) reached its peak price at 56.24 $ on 15 November 2021, approximately 4 years ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for Proxy (PRXY)?
The minimum price reached for Proxy (PRXY) was 0.0002188 $, documented on 13 March 2025, more than 8 months ago. In comparison, the current price is 16.36%, it above this historical low.
What is the fully diluted valuation of Proxy (PRXY)?
The fully diluted valuation (FDV) of Proxy (PRXY) stands at $ 8,792.29. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of PRXY tokens. The realization of this FDV might take several years depending on the emission schedule of PRXY tokens.