Ethena releases proof of reserves to address market concerns: USDe still has approximately $66 million in over-collateralization.

On October 11, Ethena Labs officially released a reserve proof in response to market doubts, stating that "the USDe reserve proof is typically provided weekly by independent third-party verification agencies, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. In response to community requests, Ethena provided an unconventional pace of reserve proof based on market events from the past 24 hours, which can be found at the official link. All of these independent third parties have confirmed that USDe still has approximately $66 million in over-collateralization, and Ethena Labs provides maximum transparency. This morning, Ethena Labs founder Guy Young addressed rumors that "Ethena is urgently raising funds to avoid a repeat of the LUNA incident," stating that this is completely false.