Ethena releases proof of reserves in response to market concerns: USDe still has approximately $66 million in excess collateralization

On October 11, Ethena Labs officially released a proof of reserves in response to market concerns, stating that USDe's proof of reserves is typically provided weekly by independent third-party verification agencies, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. At the request of the community, Ethena has provided an off-cycle proof of reserves based on market events in the past 24 hours, which can be found at the official link. All of these independent third parties have confirmed that USDe still maintains approximately $66 million in excess collateral, and Ethena Labs offers the highest level of transparency. This morning, Ethena Labs founder Guy Young responded to online rumors that "Ethena is urgently raising funds to avoid a repeat of the LUNA incident," stating that this is completely false information.