On Wednesday, the Avalanche Foundation announced via a blog post that Avalanche has integrated Chaos Labs’ Proof of Reserves (PoR), enabling verification of bridged asset backing across the network.
This integration brings enhanced transparency and trust to key assets, including BTC.b and WETH.e, which serve as critical pillars of Avalanche’s cross-chain liquidity infrastructure. With Chaos Labs’ integration, Avalanche now features a tamper-proof, onchain system for monitoring and verifying the reserves backing its most important bridged assets.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 4.6% today and currently trades at $17.89 per coin.