Transparency Upgrade: WLFI Launches USD1 Real-Time On-Chain Reserve Proof
Recently, one of the highly anticipated crypto projects, WLFI, officially launched the real-time on-chain reserve proof page for USD1, aiming to enhance asset transparency and user confidence.
Technical Implementation and Data Verification
According to the project team, the system leverages Chainlink's reserve proof solution (Chainlink CRE) to periodically fetch and verify reserve data from BitGo, ensuring accuracy before writing it to the blockchain.
- Real-time monitoring of asset reserves
- Immutable on-chain data
- Increased user trust and transparency
Current Reserve Status
The latest data from the dashboard shows that the total supply of USD1 has reached 4,711,598,238.81 tokens, with a 100% collateralization rate, indicating that each USD1 token is fully backed by underlying assets.