As you know, transparency is a core value for Nexo. That’s why we pioneered real-time attestation of custodial assets in 2021. With the turbulences over the past year and auditing firms exiting the blockchain space altogether, finding a solution to conduct comprehensive attestations - one more suitable for our growing needs as a crypto-native company - hasn’t been without its challenges. We now feel that we have to raise the bar yet again and set a new industry standard. That is why recently, we discontinued the current arrangement we had. We have been exploring the transition to even better alternatives to the existing model, including crafting cryptographic tools internally to achieve that goal. Our mission remains the same - to deliver seamless products in a transparent and secure way for you to structure your financial goals.
Amazing... ok but for now how do we know if everything is over collaterized
This is how our loaning system works. It’s automated and controlled by the Nexo oracle.
Any ETA for new solution?
As far as we know they are working on a new solution 😉
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