Standard to expose verifiable TVL of assets secured by ICP (Chain Fusion)

[marc0olo]

@Lorimer

Messaging and clarity is important here. The IC cannot really account for what less experienced or less methodical devs build on top of ICP using chain fusion.

true, I just outlined my view on this here:

Do ckBTC transactions show up as tvl for ICP?

with “secured via ICP” I mean that the native tokens (BTC, ETH, …) are held in accounts that are “ultimately” secured through ICP by utilizing threshold signatures. however, the derived key material is of course depending on the master key which is unique for each canister and controlled by the canister. and it is very important to understand that the controller of a canister has ultimate control over all the derived keys because the controller could potentially update the canister code anytim…