#Solv and #Chainlink Launch Institutional-Grade Oracle with Embedded Proof of Reserve! @SolvProtocol has partnered with @Chainlink to introduce the Secure Exchange Rate feed for SolvBTC on Ethereum. Key features: • Combines exchange rate logic with real-time Proof of Reserve • Provides a tamper-resistant redemption rate for wrapped $BTC • Blocks manipulation through built-in bounds • Enables SolvBTC to serve as secure collateral in DeFi lending markets like @Aave Solv also plans to integrate Chainlink Secure Mint, ensuring SolvBTC cannot be minted without sufficient BTC reserves to maintain its 1:1 backing.
Show original
22.88K
108
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.