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CACHE Gold Integrates Chainlink Proof Of Reserve

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Chainlink announced via Twitter on Tuesday that CACHE Gold, a DeFi protocol supporting a fully backed, redeemable, and regulated tokenized gold asset, has integrated Chainlink Proof of Reserve on Polygon mainnet.

Chainlink announced via Twitter on Tuesday that CACHE Gold, a DeFi protocol supporting a fully backed, redeemable, and regulated tokenized gold asset, has integrated Chainlink Proof of Reserve on Polygon mainnet.

CACHE Gold said the integration enables its users to verify on-chain that cross-chain CACHE Gold tokens (CGT) on Polygon are fully backed 1:1 by CGT tokens on Ethereum.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by less than 1% over the past 24 hours and is trading at $7.216 at press time.

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Author

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.