Solv Protocol PoR:- Proof of Reserves (PoR) seem to have occupy the leading media narrative

A tradition that web3 companies began following after the FTX collapse, has now become the benchmark for authentication and trademark.

Solv Protocol, a Yzi Labs-supported Bitcoin DeFi protocol, has integrated Chainlink Proof of Reserve (PoR) to provide real-time transparency into the security of over $2 billion in collaterized assets.

The DeFi platform has deployed two Proof of Reserce feeds on BNB Chain and Ethereum for users to independently verify the collateralization of their Bitcouna or other staked assets at any time.

This follows a recent trend of CEXs and DeFi companies adopting Proof of Reserves to win users’ trust. However, the topic of PoR has become a point of contention in the crypto market.

Earlier today while speaking at Bitcoin 2025 Conference, Strategy’s Michael Saylor called PoR a “bad idea.”

Why New Projects Like Solv Protocol moving against the tide is interesting

It is interesting to note that emerging crypto projects are offering their PoR against the tide. There are still some of the most prominent crypto firms that do not publish.

Coinbase, despite being the largest U.S. exchange and a publicly traded company, does not offers an on-chain PoR covering its customer deposits. CEO Brian Armstrong had said that, beyond their regular financial audits, they have “no plans” to publish a Merkle-tree style reserve proof for their main exchange balances.

Another instance is of Robinhood Markets, which holds billions in customer deposits across stocks and crypto. It is yet to release any form of PoR even as other U.S.-based platforms have moved to adopt it post-FTX.

Bitcoin firm, which holds over $10 billion in Bitcoin has explicitly rejected on-chain PoR.

As mentioned above, Saylor argued at Bitcoin 2025 that publishing wallet addresses “dilutes security” and called PoR “a bad idea,” indicating no intention to adopt it.

Security and Transparency In a Fragile Market

In a competitive market, transparency is a moat. Users are more likely to deposit assets and interact with platforms that can publicly prove they’re solvent.

Thus, startups which typically find it difficult to establish themselves against the giants are likely offering PoR as a viable competitive advantage.