Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security

Decentralized lending protocol Aave will implement a “proof of reserve” system to protect bridged assets on Avalanche, a decentralized finance (DeFi) twist on the centralized exchanges racing to shore up customer confidence in the wake of FTX.

The DAO behind Aave, the popular DeFi protocol on Ethereum, approved blockchain oracle Chainlink’s Proof-of-Reserve smart contract by a vote of over 99% in favor. It will specifically cover Aave v2 and v3 on the Avalanche blockchain.

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Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security

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