CHAINLINK TECH TALK #
SMART CONTRACT AUTOMATION MASTERCLASS
8
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Unlocking Cross-Chain Liquidity with Chainlink Proof of Reserve

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On-demand
Date
March 16, 2022 12:30 PM
ET
Duration
45 minutes
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Abstract

Wrapped tokens are critical to the DeFi ecosystem but the minting process poses a risk and often relies on placing trust in centralized intermediaries.

In this Tech Talk, learn how Celsius, a democratized reward-earning and crypto lending platform, uses Proof of Reserve (PoR) to wrap non-native tokens in a secure and auditable way, unlocking cross-chain liquidity. The first iteration consists of wrapped versions of ADA, DOGE, and ETH on Polygon mainnet, with more assets and chains already in the pipeline, providing users with access to more utilities and applications in the DeFi ecosystem.

Learning Objectives

Learn how Celsius’ integration of Chainlink PoR will enable developers to create more advanced and sophisticated applications using non-native tokens.
See how assets are verified by providing a real-time and fully transparent view into liquidity and collateralization.
Discover how CeFi and DeFi systems will coexist, with Celsius and Chainlink building infrastructure to bridge the two together.

Speakers

Carl Hua

Chief Architect

Celsius

Johann Eid

Head of Integrations

Chainlink Labs

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