Lombard Taps RedStone to Power Live BTC Reserve Proof for LBTC

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TL;DR: Lombard integrated RedStone’s real-time Proof of Reserves oracle to verify on-chain the 1:1 backing of LBTC with Bitcoin. The solution continuously monitors Bitcoin addresses locked in Babylon and publishes reserve ratios across all EVM chains where LBTC exists.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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