According to Followin, on October 11th, Ethena Labs officially released its Proof of Reserves in response to market concerns. The company stated that USDe's Proof of Reserves is typically provided weekly by independent third-party attestors, including Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. At the community's request, Ethena provided a Proof of Reserves with an unconventional cadence based on market events over the past 24 hours. The proof is available at the official link. These independent third parties have confirmed that USDe remains overcollateralized by approximately $66 million, ensuring Ethena Labs provides maximum transparency.
Ethena releases reserve proof to respond to market doubts: USDe still has approximately $66 million in overcollateralization
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