Gate’s 7 p.m. ET Nov. 3 Snapshot Shows 104.58% Cold-Storage Coverage

Gate introduced its Proof of Security framework alongside a snapshot showing cold-storage coverage at 104.58% of user assets at 7 p.m. ET Nov. 3 (00:00 UTC Nov. 4). The snapshot showed 88.26% of assets in cold storage and 11.74% in hot wallets. Under the calculation used, cold-held assets alone would cover all user assets even if every asset in hot wallets were lost. Gate’s Proof of Security (PoSEC) framework extends security verification beyond reserve adequacy to cover asset storage and coverage under extreme-risk scenarios.

Source: TokenPost