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

According to BlockBeats news, on October 11, Ethena Labs officially released a reserve proof in response to market concerns, stating that "USDe reserve proofs are usually 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 a non-standard pace reserve proof based on market events in the past 24 hours, which can be found at the official link. All these independent third parties have confirmed that USDe still has approximately 66 million USD in over-collateralization, and Ethena Labs strives to provide maximum transparency. This morning, Ethena Labs founder Guy Young addressed the rumors circulating that “Ethena is urgently raising funds to avoid a repeat of the LUNA incident,” stating that these claims are completely unfounded.