Proof of Reserves (PoR) Verification System Upgrade: Addition of Asset Collateral Information

In line with Binance’s commitment to user fund transparency, we are excited to announce the addition of Asset Collateral Information to our Proof of Reserves (PoR) system. This update reinforces Binance’s guarantee that assets held as collateral for loans always exceed liabilities, ensuring user funds are securely backed.Key Features of Binance’s PoR System:Collateral Transparency: The inclusion of collateral information allows users to verify that their collateralized assets are always backed at least 1:1, taking into account liquidity and varying asset types.Debt Liabilities: Binance’s PoR methodology uniquely captures both assets and debt liabilities, offering users enhanced visibility into their debt-to-collateralization ratio.Asset Haircut Application: Recognizing that liquidating large or low-market-cap assets might not reflect their nominal value, Binance applies a haircut to their value, ensuring full asset backing in any scenario.