TL;DR: Chainlink describes a workflow spanning collateral deposit, borrowing, repayment and liquidation. Keeping assets in custody does not automatically remove smart-contract, oracle, liquidation or...
Summary
- TL;DR: Chainlink describes a workflow spanning collateral deposit, borrowing, repayment and liquidation.
- Keeping assets in custody does not automatically remove smart-contract, oracle, liquidation or legal-enforcement risk.
- Chainlink announced CustodySync on October 26 with Anchorage Digital as its initial partner.
- The service aims to synchronize information between qualified custodians and decentralised lending protocols, allowing eligible institutions to borrow against assets while retaining their existing custody arrangements.
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