Ethena Issues Proof of Reserves in Response to Market Concerns: USDe Still Holds Approximately $66 Million in Excess Collateral

BlockBeats News, October 11th, Ethena Labs officially released a Proof of Reserve in response to market doubts, stating, "The USDe Proof of Reserve is usually provided weekly by a third-party independent auditing firm, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. In response to community requests, Ethena has provided an unusual rhythm Proof of Reserve based on market events in the past 24 hours, which can be found at the official link. These independent third parties have all confirmed that USDe still has approximately $66 million in excess collateral, and Ethena Labs is providing maximum transparency."

This morning, Guy Young, the founder of Ethena Labs, responded to the online rumor that "Ethena is urgently raising funds to avoid a Luna event replay," stating that this is completely false.