Luuk Strijers (Deribit) on a New Model for Proof of Reserves (EP.387)
Deribit Chief Commercial Officer Luuk Strijers joins the show to talk about their new Proof of Reserve rollout. In this episode: Why Deribit decided to do a PoR What were the considerations going into it? What made Deribit cautious about the procedure? Which PoRs did Deribit look at for inspiration? Has Deribit received client feedback from the procedure so far? How does Deribit demonstrate asset ownership? Unique among exchanges, Deribit was able to do a PoR for all of your assets, and on a daily basis. How did they manage this? Why Deribit chose to release the full list of liabilities How does Deribit achieve end user privacy given the full liability dump? What data, if any, is leaked by the attestation? Did you look at audit firms in terms of supervising the PoR? Why did you go the auditless approach? Does Luuk anticipate moving to ZK proofs for liabilities eventually? How can PoR be improved? Related episodes: OTB 180, The Auditor view of PoR OTB 212, The Proof of Reserve Restoration OTB 283, Jeremy Welch (Kraken) on Contemporary Proofs of Reserve Related content: Nic Carter on Medium, The Status of Proof of Reserve as of Year End 2022