Ethena: USDe collateralization ratio exceeds 101%, reserve assets exceed liabilities by more than USD 60 million

TechFlow news, Oct 30: Ethena said that the USDe Proof of Reserves is normally provided weekly by independent third-party institutions such as Chainlink and Llama Risk. In light of market events over the past few hours, Ethena has released its latest Proof of Reserves ahead of schedule. Third-party institutions including Chainlink and Llama Risk have confirmed that the overcollateralized amount of USDe exceeds USD 60 million, with a collateralization ratio above 101%. Ethena also emphasized that USDe's reserve assets are not held directly on Binance or any centralized exchange, and stated that all funds are safe.

Source: TechFlow