Kelp Integrates Chainlink PoR To Secure $rsETH Minting
By: bitcoin ethereum news|2025/05/02 18:00:01
0
Share
Kelp, the 2nd-largest liquid staking platform operating in KernelDAO ecosystem, has recently announced the integration of Chainlink Proof of Reserve. The integration of Chainlink Proof of Reserve permits Kelp to offer $rsETH’s secure minting. The platform disclosed this integration in the latest press release shared on its official web portal. . @KelpDAO is integrating Chainlink Proof of Reserve Secure Mint to enhance the security and transparency of rsETH. By leveraging Chainlink Proof of Reserve Secure Mint, Kelp can programmatically enforce 1:1 collateralization, ensuring that new tokens are only minted when... https://t.co/gbLFyMZbYA pic.twitter.com/hFulkOT2Yo — Chainlink (@chainlink) May 1, 2025 Kelp Provides Secure $rsETH Minting by Adopting Chainlink Proof of Reserve Kelp is integrating the Chainlink Proof of Reserve to enable secure minting operations for $rsETH. Apart from the provision of security in the $rsETH minting, lending platforms will additionally be capable of utilizing Chainlink PoR to autonomously validate $rsETH reserves. It also makes consumers confident to back $rsETH while preserving the top standards in the case of reliability and security. The integration of Chainlink PoR enables the transfer and lending of billions on DeFi protocols. The highly reliable and secure infrastructure assists in implementing 1:1 collateralization for smart contracts. This is because reserves require meeting or surpassing the value being minted to prevent transfer reversion. Chainlink PoR offers a crucial layer of protection and automated verification, guaranteeing that only completely collateralized tokens take part in circulation. The notable benefits of Chainlink PoR’s integration include secure minting, programmatic utility, enhanced transparency in the case of asset reserves, and several decentralization layers. This will prevent malicious minting with the inclusion of cryptographic guarantees about the complete backing of the latest minted tokens with reserves. Hence, this will assist in averting numerous mint attacks. Adding Comprehensive Layer of Transparency, Reliability, and Security for DeFi According to Kelp, Chainlink PoR’s integration underscores a key instance of the asset issuers’ potential to add cryptographic guarantees into assets. Overall, this integration establishes a significant layer for transparency, reliability, and security in the DeFi sector. It ensures the backing and verifiability of $rsETH. Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse. Source: https://blockchainreporter.net/kelp-integrates-chainlink-por-to-secure-rseth-minting/
You may also like

The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.

A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.

It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage
Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day
The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid
There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Anthropic launches IPO: Business miracle or valuation bubble?
Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.

What Is SpaceX IPO and Why Is Everyone Talking About It?
What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.

Macroeconomic Analysis of the African Payment Market Landscape
Why mobile payments and cryptocurrencies thrive in the absence of banks

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share
Overview of Important Market Events on June 3rd

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein
The core value of Goeckeler's speech lies in its provision of a highly transparent and logically clear narrative framework for corporate transformation.

Bitcoin Price Prediction 2030: Ark Invest Forecasts $710K
Explore Ark Invest and Standard Chartered bitcoin price prediction 2030 forecasts, plus key risks and how to position your portfolio. Full analysis on WEEX.

WEEX Review 2026: Fees, Security and Trading Features
Read our in-depth WEEX review covering fees, security, copy trading, and 400x leverage. See how it compares to Binance and Bybit. Full analysis on WEEX.

SOL Price Today: Live Solana Price, Charts & Market Data
Find the SOL price today with real-time data, plus key drivers behind Solana's movement and actionable trading tips. Read the full analysis on WEEX.

What Is a Bitcoin ETF: Spot vs Futures Explained
Learn what a Bitcoin ETF is, how spot vs. futures ETFs work, and why institutional inflows are reshaping BTC in 2026. WEEX analysis.

Why Is Bitcoin Dropping 15% While Nasdaq Hits Record Highs?
Bitcoin plunges 15% to $66K amid geopolitical tension fears while Nasdaq soars to all-time highs. Analysis of macroeconomic drivers, ETF flows, retail vs. whale behavior, and the hidden correlation between crypto and stocks.

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing
Overview of Important Market Events on June 2nd

Why do I still have confidence in ETH?
As stablecoins and RWAs accelerate on-chain, Ethereum's role as a global value settlement layer has only just begun, and the market will eventually reprice ETH.
The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.
A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.
It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...
Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage
Overview of Important Market Events on June 4th
Privacy coin trust crisis! ZEC plummets over 56% in a single day
The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.
Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid
There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

