SOLV is expanding its existing integration with Chainlink Proof of Reserve to offer transparency in the chains in its entire TVL protocol, not just SOLVBTC. With this integration, users will have more visibility throughout the Solv TVL. By integrating the Chainlink reserve data in the SOLV on-chain of SOLV, the SOLV network can develop automated logic on reserve data to support its assets. This also enables SOLV to develop new applications and possibilities, such as automated risk management on the chains.
In addition, Chainlink’s reserve certificate from reserve with this integration plays an important role in lubricating SOLV protocol. Minting on the chain refers to the process of creating new SOLVBTC coins by depositing Bitcoin or packed Bitcoin (BTCB or WBTC). The Chainlink Por helps to secure SOLV’s coin process. It protects against malignant mining by using safe coding that makes new tokens, preventing countless mint attacks.
Chainlink Por-Feeds can be visibly seen by everyone in real time. This is essential because it enables every user to verify SOLV’s assetacollateralization, thereby creating improved transparency and trust in SOLV’s range in SOLV.
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