<ul data-eligibleForWebStory="true"><li>Avalanche has integrated Chaos Labs’ Proof of Reserves (PoR) system to verify on-chain bridged assets like BTC.b and WETH.e, enhancing transparency in DeFi.</li><li>The PoR system allows for direct verification of reserves on the blockchain, ensuring that tokens are backed by real reserves, reducing concerns about asset transparency and security.</li><li>Chaos Labs monitors reserve sources around the clock and provides data to Avalanche's smart contract for public access, offering a transparent view of collateral ratio and data history.</li><li>Avalanche has been actively expanding beyond DeFi, with initiatives like the digitization of property documents with Bergen County, partnership with Filecoin for off-chain data storage, and hosting FIFA's NFT platform, FIFA Collect.</li><li>The AVAX token is currently trading at $18.04, showing a slight decline recently, while Avalanche focuses on strengthening its technical foundation and ecosystem trust.</li></ul>

Avalanche Boosts DeFi Trust with Chaos Labs PoR System

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