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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Chainlink collaborates with Solv to launch Secure Exchange Rate, enhancing the transparency of packaged assets.
PANews September 1st news, according to official sources, Solv Protocol announced a partnership with Chainlink to launch Secure Exchange Rate data for SolvBTC against BTC on Ethereum. This data combines Chainlink's Proof of Reserves with Solv's Bitcoin financial infrastructure to validate collateral assets in real-time and generate redemption rates, setting a new standard for the transparency of wrapped assets. SolvBTC, as a 1:1 pegged wrapped asset to BTC, will ensure verifiable collateral through this mechanism, enhancing the security of the DeFi lending market. This feature will be expanded to chains like BOB in the future, promoting collateralization and transparency of cross-chain assets.