Ethena: USDe Overcollateralization Ratio Exceeds 101%, with Reserve Assets Surpassing Liabilities by Over $60 Million

On October 30, Ethena stated that the 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 few hours, Ethena has published its latest Proof of Reserves ahead of schedule. Third-party institutions including Chainlink and Llama Risk have confirmed that the overcollateralized amount for USDe exceeds $60 million, with a collateralization ratio above 101%. Ethena also emphasized that USDe's reserve assets are not directly held at Binance or any centralized exchange, and stated that all funds remain secure.