Bedrock Goes Live with Chainlink Proof of Reserve Secure Mint, Boosting BTCFi Minting Safety

Bedrock now verifies BTC reserves on-chain before minting uniBTC to prevent over-minting risks.

Chainlink’s Secure Mint adds real-time collateral checks, strengthening wrapped asset security.

The integration sets a new BTCFi benchmark for transparent, reserve-backed token issuance.

The liquid restaking protocol Bedrock, which currently holds over USD 530 million in total value locked (TVL), is now live with Chainlink’s “Proof of Reserve Secure Mint” framework. This integration ensures that when users deposit wrapped BTC into Bedrock’s BTC vault on Ethereum, the system verifies sufficient backing via on-chain reserve data before issuing the new token, uniBTC. In effect, the contract calls Secure Mint to validate reserves and thereby places a safeguard inside the minting routine itself.

Minting and Reserve Verification

With this launch, Bedrock’s BTC vault on Ethereum now incorporates live Chainlink Proof of Reserve data as a prerequisite for the minting of uniBTC. The vault contract queries the reserve feed: only if reserves meet or exceed the amount required will minting proceed. If the reserve data shows insufficient collateral, the transaction reverts. This mechanism embeds transparency and on-chain verification into the minting process, reducing over-mint risk.

Addressing Infinite-Mint Attack Risks

In the DeFi space, tokenized assets, stablecoins and wrapped assets rely on 1:1 collateralization by off-chain or cross-chain reserves. However, if minting is decoupled from verification of those reserves, then an attacker might mint unbacked tokens, degrade collateralization and lead to the use of the inflated tokens as collateral elsewhere

Chainlink’s Secure Mint capability addresses exactly this. It supplies real-time verified reserve data and allows smart contracts to programmatically ensure they do not mint beyond backing. Bedrock’s adoption of this model comes after the protocol was impacted by an exploit that involved uniBTC and led to need for stronger verification

Broader Implications for Wrapped Assets

Beyond Bedrock, the integration of Chainlink Proof of Reserve’s Secure Mint function is gaining traction across tokenized assets, wrapped tokens and stablecoins. The system delivers three key outcomes: enhanced security by preventing minting beyond reserves, greater transparency by publishing reserve data on-chain and reduced ecosystem risk by enabling protocols to programmatically pause or cap actions if collateral levels are breached

For example, other protocols such as the stablecoin issuer Wenia and the manager 21Shares have also adopted these checks for their issuing frameworks. By embedding the reserve verification directly into the minting workflow, Bedrock sets a model for how wrapped or collateralized tokens can achieve stronger alignment between issuance and backing.

The post Bedrock Goes Live with Chainlink Proof of Reserve Secure Mint, Boosting BTCFi Minting Safety appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.