Bedrock has implemented Chainlink's Proof of Reserve Secure Mint to bolster the security of its BTCFi operations by verifying Bitcoin reserves on-chain before minting uniBTC. This integration aims to prevent over-minting by ensuring real-time reserve data checks within the Bedrock BTC vault on Ethereum, embedding transparency and verification into the token issuance process. This move comes after a previous exploit involving uniBTC, highlighting the need for stronger security measures. The protocol, which manages over $530 million in total value locked, is part of a growing trend, with other platforms like Wenia and 21Shares also adopting Chainlink's Secure Mint.
Bedrock Integrates Chainlink Proof of Reserve for Enhanced BTCFi Security
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