Hassan Maishera
On Thursday, Chainlink announced via X that ether.fi, a liquid restaking protocol with $4B+ TVL, has adopted Chainlink Proof of Reserve on Ethereum mainnet. Proof of Reserve provides real-time visibility into ether․fi's reserve of 2.4M restaked ETH, significantly enhancing the transparency of eETH by enabling users to verify its collateralization.
This strategic integration ensures users can independently verify that eETH, ether.fi’s liquid restaking token, is fully backed 1:1 by staked ETH in real time. By making reserve data verifiable onchain, ether.fi empowers other protocols to implement logic around collateralization—such as circuit breakers, risk parameters, or automated actions—directly tied to the eETH reserve state.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 1% over the past 24 hours, trading at $12.41.
