/biz/ - Business & Finance

[Anonymous No.53318765]

Only kleros holders know this, but heres a summary from the Discrd. After the FTX scam all exchanges are going to be required to hold a minimum of 60% reserves from deposits, this is insane as currently the average fractional reserve ratio exchanges use is 15% what we are seeing right now are exchanges market buying to reach the required 60% and this isn't just a "US Thing" its global,12 of the G20s are going to implement this standard. Ironically Proof of reserves cannot be trusted to a centralized institution. It requires a Subjective Oracle to view and judge whether a exchange meets the requirements, this is where the 13 million market cap (yes! only a fraction of a memecoin) project know as kleros comes in. all exchanges will be required to have reserves verified by kleros oracles. And that ser is why the cryptos are pumping currently.

[Anonymous No.53319206]

eth needs to hit $10k for kleros to be 10 cents again

[Anonymous No.53320508]

>>53318765
They are playing TicTacToe again... It's over bros

[Anonymous No.53320629]

>>53318765
Should just merge PNK with LINK token and do the PoR circuit breaker and insurance together