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Ethena Releases Reserve Proof in Response to Market Doubts: USDe Still Has Approximately $66 Million in Excess Collateral

Ethena Releases Reserve Proof in Response to Market Doubts: USDe Still Has Approximately $66 Million in Excess Collateral

2025-10-11 20:35

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ChainThink report, October 11, Ethena Labs officially released a reserve proof to respond to market doubts, stating that "USDe reserve proofs are typically provided weekly by third-party independent verification institutions, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. According to community requests, Ethena provided an unconventional schedule reserve proof based on market events in the past 24 hours, which can be found on the official link. These independent third parties have confirmed that USDe still maintains approximately 66 million USD in over-collateralization, and Ethena Labs provides the maximum level of transparency."


This morning, Guy Young, founder of Ethena Labs, responded to the rumor that "Ethena is urgently raising funds to avoid replicating the LUNA event," stating that this is entirely false.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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