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Futures
Futures
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Options
HOT
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Unified Account
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Simple Earn
VIP
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Buy low and sell high to take profits from price fluctuations
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Top asset management team helps you profit without hassle
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One-Stop Lending Hub
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New
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HOT
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GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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Ethena Labs launched the USDe Proof of Reserves system with participation from multiple institutions for verification.
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.