This opens a host of usecases for RWAs and stablecoins backed by off chain or onchain assets.
TUSD (@tusdio) , CACHE Gold (@cache_gold), Backed finance (@BackedFi) are some projects using Chainlink PoR.
Everyone is talking about the RWA narrative.
But real world assets on chain need underlying infra.
@chainlink has slowly perfected 'Proof of Reserve' (PoR) - a key missing piece for DeFi infrastructure.
Here's why you should pay attention👇
Did you know there are over $1 billion dollars of tokenized gold?
Here’s how #Chainlink is powering the adoption of tokenized assets 🪙👇
https://t.co/iYcnRxsFyz
14/ For an in-depth look at @Chainlink Proof of Reserves (PoR) and how it can improve transparency across crypto products, check out the full report for FREE from @CabronElBufon.
https://t.co/QXRCMBY8CM
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. 🧵
6/ @Chainlink Proof of Reserve improves transparency for tokenized assets like @tusdio and @cache_gold, verifying collateralization.
Chainlink brings reserve data on-chain, allowing protocols to require the reserve value to be ≤ to the stablecoin or RWA supply being minted.
Attended an amazing #Ethereum event tonight🚀
Huge thanks to @ethereum_sg for organizing such an insightful gathering, and to the speakers Sam (@stakesaurus), Dias (@cache_gold), and @calvincrypto7 for sharing their experiences as solo stakers and from a business point of view 👏
Dias (@cache_gold ) shared about solo staking set-ups from a technical perspective, which included his recommendations on which types of hardware and software to use for staking purposes.
Dias' recommended Eth Validator Checklist: https://t.co/VdUNl61bqH
It covers everything!
❗️7 days to apply for @EF_ESP 's "Run a node" grants
We'd like to play our part for this initiative! Here's a bit more on the agenda for those joining us physically (thank you @ChainstackHQ )
1⃣Journey of an ETH Home-Staker by Sam, @stakesaurus
2⃣Solo Staking Technical Set-up Guide by Dias,
@cache_gold
3⃣How companies look at Staking by Calvin, @rockx_official
Next, from 2100 +8 GMT onwards, we have
1⃣ Presentation by @Pol_Lanski, @DAppNode
2⃣@ethStaker 's initiatives by @nixorokish
🕖 Friday, 16 June, 1900 - 2230 (GMT+8)
📍Hybrid at @ChainstackHQ & online
👉 Sign up: https://t.co/ZMtzSEaTlI