Ethena Labs launched the USDe Proof of Reserves system with participation from multiple institutions for verification.

GateNews

2025-04-12 04:25:43

ENA-6,64%

According to Gate.io News bot, Ethena Labs officially announced the launch of the USDe Proof of Reserves system. This system was created and operated in collaboration with four organizations: Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink.

Proof of Reserves will be published weekly with verification results. The verification data sources include blockchain data, custodian information, and data provided by exchange partners, and will be independently reviewed by the aforementioned institutions. Ethena Labs also clearly states that the reserve fund assets are not included in the USD value calculation of the USDe backing assets.

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