According to ME News, on October 30 (UTC+8), Ethena stated that USDe reserve proofs are typically provided weekly by independent third parties such as Chainlink and Llama Risk. In light of market events over the past several hours, Ethena has proactively released the latest reserve proof. Third-party institutions including Chainlink and Llama Risk have confirmed that USDe is overcollateralized by more than $60 million, with a collateralization ratio exceeding 101%. (Source: ChainCatcher)
Ethena Reveals USDe Overcollateralization Rate Exceeds 101%
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Summary
Ethena released its weekly market report on October 30 (UTC+8), confirming that USDe’s overcollateralization rate has exceeded 101%. The reserve proof, typically shared weekly, was published early due to recent market volatility. Third-party audits by Chainlink and Llama Risk confirmed that collateral exceeds $60 million. The update reflects strong risk appetite from both the protocol and its users.
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