Hassan Maishera
Chainlink announced via X on Friday that Echo has upgraded to the Chainlink data standard, enabling secure and transparent BTCFi. Echo has integrated Chainlink Proof of Reserve on Aptos to cryptographically verify that aBTC is fully backed 1:1, boosting transparency for users. By delivering real-time, onchain verification of collateral, Proof of Reserve gives users increased visibility and confidence that aBTC is fully backed.
They have also adopted Chainlink Price Feeds on Aptos to power secure and reliable markets for APT, BTC, and eAPT with high-quality, tamper-proof market data. By leveraging Chainlink’s infrastructure, Echo can now leverage aggregated offchain price data, ensuring the platform operates with consistent, tamper-resistant pricing and supports a robust BTCFi ecosystem.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 0.19% over the past 24 hours and is trading at $25.9 at press time.
