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CACHE Gold Integrates Chainlink Proof Of Reserve

Twitter icon  •  Published 2 years ago on October 12, 2022  •  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.

CACHE Gold Integrates Chainlink Proof Of Reserve

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.

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