Proof of Reserves is a beautiful technology as another safety guardrail for tokens and DeFi but I wonder why 90% of the time is still being used as a mere transparency tool instead of:


• Rejecting the mint transaction that will cause undercollateralization at the mint function
• NAV Oracle Pricing for Lending markets, enabling them to liquidate and being alerted in advance
Key complexities I see are:
• Cost is expensive to integrate with every single mint
• Cross-chain oracle dependencies and differences in block time
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin