Ethena states that USDe Proof of Reserves is typically provided weekly by independent third-party institutions such as Chainlink and Llama Risk. In light of market events over the past several hours, Ethena has proactively released the latest Proof of Reserves. 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%.
Ethena's USDe overcollateralization exceeds 101%, with surplus reserves surpassing $60M.
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Summary
Ethena’s USDe overcollateralization has now surpassed 101%, with surplus reserves exceeding $60 million, according to a recent proof of reserves. Independent auditors such as Chainlink and Llama Risk have verified the figures. This move may indicate increased risk appetite toward top altcoins amid improving market sentiment.
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