Noon Rolls Out Real-Time System for Transparent Reserve Validation Backed by Accountable
In Brief
Noon has revealed its capability to offer instant Proof of Solvency, with reserves made available for real-time public scrutiny and verification by anyone at any time.
The organization behind the stablecoin that generates yield, Noon , has announced its capability to provide real-time Proof of Solvency.
In an industry where transparency is key, many projects still function without sufficient verification. Users often have to trust systems that appear reliable yet lack authentic evidence of their claims. Noon fills this void by moving away from self-reported and unverifiable data, periodic audits, and blind faith. Instead, they’ve instituted a system where reserves are reported in real time and can be audited by anyone, at any moment.
To make this possible, Noon has collaborated with Accountable, a verification platform that employs cutting-edge cryptographic techniques, such as zero-knowledge proofs and secure enclaves. This partnership guarantees that data is collected directly from custodians and exchanges, ensuring that reserve reporting is both secure and resistant to tampering.
The reports encompass both decentralized finance (DeFi) and centralized finance (CeFi), sourcing trust proofs directly from exchanges and smart contracts rather than depending on self-reported figures. The method of data retrieval is reinforced with identity checks and integrity confirmations, enabling a reliable aggregation of assets and liabilities, which is illustrated on the dashboard.
Noon cannot modify or preview the data prior to it being made public. This initiative seeks to not only establish proof of solvency but also to ensure the integrity of the verification process itself, transitioning from self-reported figures to trustworthy, verifiable data aggregation.
Noon Launches Public Beta
Noon aims to emerge as the leading stablecoin for sustainable returns through a strategic capital allocation across diverse delta-neutral strategies. Furthermore, it aspires to create a dependable and sustainable model for tokenomics to enhance the practical utility of its governance token.
Recently, Noon rolled out its Public Beta, showcasing real-time transparency, daily transaction limits, and the option to deposit USDC/USDT, mint new assets, and more. The platform also presents opportunities for users to amplify their rewards through collaborations and airdrops. Users can engage with USN and sUSN on decentralized exchanges (DEXs) such as Uniswap V3 and SyncSwap on Ethereum and zkSync, with Sophon access coming soon. USN and sUSN , please be advised that the content available on this page is not meant to serve as legal, tax, investment, financial, or any other type of advice. It is crucial to invest only what you can afford to lose and to consult independent financial advisors if you have any uncertainties. For additional details, we recommend checking the terms and conditions, along with the help and support resources made available by the issuer or advertiser. MetaversePost is dedicated to providing accurate and impartial reporting; however, market dynamics may alter without prior notice.
Disclaimer
In line with the Trust Project guidelines Alisa, a committed journalist at Cryptocurrencylistings, specializes in the domains of cryptocurrency, zero-knowledge proofs, investments, and the expansive universe of Web3. With her sharp perspective on emerging trends and technologies, she offers in-depth coverage designed to enlighten and engage readers navigating the continuously shifting landscape of digital finance.
