陈剑Jason|Feb 28, 2026 05:59
If you have the strength to handle FUD, then FUD can become an opportunity for others to help you improve. USD1 was the first in the industry to launch real-time proof of reserves and open-source its code, while USDC releases monthly updates, and USDT does so quarterly.
BitGo, responsible for custody, generates encrypted signatures every 10 minutes containing reserve data like composition and total amount. WLFI uses Chainlink to continuously fetch and verify these signatures from BitGo and publishes them on-chain. The entire process is fully automated with no manual intervention, so WLFI has also open-sourced this code for others to use.
The reason WLFI can implement this mechanism is mainly because its custodian, BitGo, is singular and willing to actively cooperate by providing real-time signature interfaces. Therefore, real-time proof of reserves is not a technical issue but a matter of willingness. The recent FUD against USD1 accidentally ended up benefiting USD1 instead.
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