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Chainlink Proof of Reserve (PoR) currently reports on assets worth ~$8.5 billion in value. It is blockchain agnostic and relies on a decentralized oracle network that creates automated on-chain data feeds for collateralized assets represented on-chain that update in near real-time.

Chainlink Proof of Reserve (PoR): Bringing Transparency to the Forefront

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https://messari.io/report/chainlink-proof-of-reserve-por-bringing-transparency-to-the-forefront

CACHE Gold telegram news 23 June 2023 05:36

1/ Following the FTX collapse, crypto aims to set standards for centralized exchanges (CEXs) with Proof of Reserves.

But as stablecoin reserves expand, proof of reserves should extend beyond CEXs.

@CabronElBufon discusses how @Chainlink's data feeds can facilitate this. 🧵

https://twitter.com/MessariCrypto/status/1671971415820767232?s=20

CACHE Gold telegram news 23 June 2023 05:34

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