Ethena: Multiple independent third-party institutions have confirmed that USDe still has approximately $66 million in overcollateralization

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According to ChainCatcher, Ethena Labs posted on a social platform that “USDe reserve proof is usually provided weekly by third-party independent certification agencies, including Chaos Labs, Chainlink, Llama Risk and Harris & Trotter.

As requested by the community, we have provided a proof of reserves with an unconventional cadence based on market events over the past 24 hours, which is linked below this message.

These independent third parties have confirmed that USDe remains overcollateralized by approximately $66 million.”

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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