DefiLlama is launching a new offchain attestation/verification service, where we'll attest stuff such as bank account balances and other offchain bits that we will audit If any team is interested, DM me
· 78K Views
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DefiLlama is launching a new offchain attestation/verification service, where we'll attest stuff such as bank account balances and other offchain bits that we will audit If any team is interested, DM me
· 78K Views
@0xngmi In 2021 I wanted a way to attest to my blockchain assets. Mortgage companies weren’t fond of etherscan pdfs since they didn’t bear my legal name.
@0xngmi 0 upside if you're right, infinite reputational downside if you're wrong. Don't do it :( x.com/Cycle_22/status/20702239…
@0xngmi The hard part isn’t proving a balance once, it’s proving freshness and revocation. If attestations expose issuance time, expiry, and signer reputation, they become much more useful for underwriting and risk models.
@0xngmi that's not a solution to the scalability problem of onchain transactions. you're just pushing it downstream to the verification layer.
Why not attesting CEX positions via read-only API keys? Most tokenized vaults run their options or basis leg on a CEX (calls, puts, perps etc...), and onchain proof-of-reserves stops at the chain. Read-only keys would let you attest balances and open positions without touching custody. Basically an accountant, but for the off-chain derivatives leg
@0xngmi Multiplifi is a good team to use this service (check their banks, CEX balance etc) been claiming 400mil in TVL & assets when defillama shows far less. They wash traded volume on their previous dex TanX & using some chain security firm for attestation. x.com/skemxbt/status/206800615…
@0xngmi Finally someone with a reputation building verification instead of @Accountable's crap.
@0xngmi love the not core stance, but how do you handle stale attests and revokes?
@0xngmi On-chain rails, offchain trust gaps. This is the right problem to solve. ⚡
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@daaniyaan @0xngmi ah, iirc also saw @bowtiedbrazil mention about doing it for his crypto clients
@0xStacking @0xngmi @bowtiedbrazil some of those platform i mentioned in my original tweet also messaged. need to Email them or proceed with them.
@daaniyaan @0xngmi @bowtiedbrazil please do a follow up tweet when you figure out something legit and hassle free
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