Markets suck today, again. But, here is one more reason why I still believe this industry is fundamentally stronger than ever and maturing towards delivering the true future of finance. @noon_capital, who I have zero connection to but have considered their yield-generating stablecoin and Pendle pools, have been live with @AccountableData for nearly a year now. This is their Accountable dashboard for "Independent Proof of Solvency." 📊 Accountable "is the new standard for financial verification that allows institutions to prove assets and liabilities privately." "Accountable's proprietary technology stack combines Merkle Sum Trees, Secure Enclaves (Nitro, SGX, SEV or TDX), vlayer's zkTLS and Zero-Knowledge Proofs to increase trust and transparency in financial reporting." Their reports cover both DeFi and CeFi, relying on proofs (math) vs the awful standard we find today in self-reported data. This Accountable dashboard is built on top of all the assets and liabilities to generate the data displayed. Consider this could become the real standard for all DeFi vaults (Beefy to Yearn, etc), stablecoins, synthetic dollars, tokenized funds, tokenized structured yields, and even exchanges, plus more. This tech stack is also being used to develop the long time promise of proof of solvency for exchanges, something we all seem to have forgotten about since FTX's collapse. The future is being built here, despite markets puking. Don't lose hope long term, good things are still coming.
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