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Aave Community Votes To Integrate Chainlink Proof Of Reserves

Twitter icon  •  Published vor 1 Jahr  •  Hassan Maishera

Chainlink announced via Twitter on Thursday that the Aave community has voted to integrate its Proof of Reserve solution.

Chainlink announced via Twitter on Thursday that the Aave community has voted to integrate its Proof of Reserve solution, to be activated initially on Aave Avalanche. This integration will help mitigate risks around wrapped tokens and is set to launch in January 2023. 

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 $6.011 at press time.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $55.3 per token, UP by 1 % in the last 24 hours. 

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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.