Vavada Banner
BTC $76,865.00 (-1.80%)
ETH $2,288.89 (-3.32%)
XRP $1.39 (-2.53%)
BNB $623.98 (-1.91%)
SOL $84.20 (-3.08%)
TRX $0.33 (+0.79%)
DOGE $0.10 (-0.86%)
HYPE $41.37 (-1.39%)
LEO $10.34 (-0.27%)
ADA $0.25 (-2.80%)
BCH $448.51 (-1.15%)
XMR $382.15 (-2.97%)
LINK $9.22 (-2.64%)
ZEC $351.44 (-1.91%)
CC $0.15 (-1.55%)
XLM $0.16 (-3.70%)
M $3.78 (-12.48%)
LTC $55.37 (-1.52%)
AVAX $9.17 (-3.13%)
HBAR $0.09 (-3.57%)

BENQI Integrates Chainlink Proof Of Reserve And Automation

Twitter icon  •  Published hace 3 años on February 10, 2023  •  Hassan Maishera

BENQI, a leading algorithmic money market protocol on Avalanche, has integrated Chainlink Proof of Reserve and Automation to help secure cross-chain asset lending and borrowing for BTC, ETH, DAI, USDC, and USDT.

BENQI Integrates Chainlink Proof Of Reserve And Automation

Chainlink announced via Twitter on Thursday that BENQI, a leading algorithmic money market protocol on Avalanche, has integrated Chainlink Proof of Reserve and Automation to help secure cross-chain asset lending and borrowing for BTC, ETH, DAI, USDC, and USDT. The combination of these two Chainlink oracle services enables BENQI to employ a defense-in-depth approach to cross-chain asset security.

The team explained that Chainlink Proof of Reserve enables the reliable and timely monitoring of off-chain or cross-chain reserves using automated verification based on cryptographic truth.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $7.003 at press time.

Litecoin Hit by Coordinated MWEB Exploit Triggering Chain Reorg and Double-Spend Attacks
Next article Litecoin Hit by Coordinated MWEB Exploit Triggering Chain Reorg and Double-Spend Attacks
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
BC.game Banner
OKX Banner