Solv Protocol PoR:- Proof of Reserves (PoR) seem to have occupy the leading media narrative in the recent weeks. A tradition that web3 companies began following after the FTX collapse, has now become the benchmark for authentication and trademark. A number of CEXs and DeFi companies are increasingly continuing to adopt Proof of Reserves to win users’ trust. Adding to the latest instance, DeFi Platform Solvs Protocol has adopted Proof of Reserve for “real-time transparency.” Announcing on Monday, the Yzi Labs supported Bitcoin DeFi Protocol has adopted Chainlink Proof of Reserve (PoR) to secure over $2 billion of collaterized assets. With this adoption, Solv has deployed its Proof of Reserce feeds on BNB Chain and Ethereum. This will give its users a real-time transparency mechanism to check the security of their collaterized Bitcouna or other staked assets. However, the debate about the need of Proof of Reserves as transparency and… Read More at Coingape.com

The post Solv Protocol Adopts PoR- Why are New Crypto Startups Running For it? appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed