Ether.fi Leverages Chainlink’s PoR for Enhanced eETH Transparency

Ether.fi is enhancing the transparency of its decentralized finance platform by integrating Chainlink’s Proof of Reserve mechanism. This integration enables users to trust that each unit of eETH, Ether.fi’s synthetic ETH token, is backed 1:1 with staked Ethereum (ETH), eliminating the need for centralized custodians. Chainlink has recently announced new developments regarding its Proof of Reserve initiative.