Showing PoR ≠ True Safety!
When black swans appear, we notice that major centralized exchanges are eager to showcase PoR, proving that their on-chain assets are sufficient to 1:1 cover the total user assets.
But is a PoR report enough?
Is merely looking at the "100% reserve ratio" enough to rest easy?
What kind of PoR reports are just "going through the motions"?
PoR is not only about "having," but also about "how well it is done!"
This media article reveals not only the asset safety and transparency of exchanges but also more information about the efforts OKX has made in this area:
1️⃣ Monthly updates without ambiguity: 30 consecutive PoR reports, covering 22 mainstream cryptocurrencies, with core assets like BTC, ETH, USDT, USDC having a reserve ratio exceeding 100% (for instance, BTC reached 104% in April), and mainstream coins accounting for 88.8% of total reserves!.
2️⃣ Leading technology guarantees: Industry's first self-developed zk-STARK zero-knowledge proof, with open-source code, effectively preventing data fraud (such as false liabilities and negative accounts), making it safer and more transparent than traditional Merkle tree solutions, truly allowing users to self-verify.
3️⃣ Reserve funds are "clean" and substantial: A high proportion of non-platform coin assets (about 70%), with mainstream coin reserves continuing to grow (e.g., ETH increased by 13.7% in the last six months), reflecting genuine confidence.
4️⃣ Authoritative third-party audits: Hacken independently verifies monthly, with reports publicly available for verification, adding another layer of safety.
Attached is the latest OKX PoR tutorial + self-verification entry: