Logo of ProxyProxy(PRXY)
Total Value Locked$18.92m

TVL by Chain

Polygon$18.9m

Ethereum$26,301.2

Key Metrics

Staked$0

Protocol Information

Proxy Finance (PRXY) offers a Bitcoin Yield Strategies utilizing DeFi 2.0 including (3,3) Staking, (1,1) Bonding and (2,2) Programs for other assets. The Proxy Finance network consists of BTCpx token which is a BTC Wrapper as well as the PRXY Governance Token. Staking value of Proxy includes PRXY locked in the PRXY staking contract as well as PRXY staked in the farmProxy contract to earn BTCpx rewards

Category:Bridge

Audits:

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Methodology

TVL: BTC Proxy offers a unique institutional-grade wrapped Bitcoin solution that leverages Polygon technology to bring Bitcoin to DeFi 2.0 with no gas and no slippage and insured custody. BTC Proxy features (3,3) Staking and Bonding via the PRXY Governance tokenView code on GitHub

Competitors

LayerZero V2 ($6.894b)CCIP ($1.84b)Portal ($1.515b)SolvBTC ($471.02m)Axelar ($139.89m)NEAR Intents ($96.89m)Multichain ($37.62m)Connext ($28.75m)Orderly Bridge ($28.33m)Orbit Bridge ($16.62m)

Frequently Asked Questions

What is Proxy?

Proxy Finance (PRXY) offers a Bitcoin Yield Strategies utilizing DeFi 2.0 including (3,3) Staking, (1,1) Bonding and (2,2) Programs for other assets. The Proxy Finance network consists of BTCpx token which is a BTC Wrapper as well as the PRXY Governance Token. Staking value of Proxy includes PRXY locked in the PRXY staking contract as well as PRXY staked in the farmProxy contract to earn BTCpx rewards

What is Proxy's TVL?

Proxy currently has $18.92m in total value locked. TVL has increased 10.7% over the past 30 days.

What chains does Proxy operate on?

Proxy operates on 2 chains: Polygon and Ethereum. Polygon holds the largest share at 99.9%.

How does Proxy's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, Proxy ranks #43 by TVL. The category holds $48.951b across 154 protocols, and Proxy accounts for <0.1% of that total. Other leading protocols include LayerZero V2, CCIP, Portal, SolvBTC, Axelar, NEAR Intents, Multichain, Connext, Orderly Bridge, and Orbit Bridge.