Ethena Labs launches USDe reserve certificate, which will be updated once a week
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2025-04-12 15:21 4,769
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According to Golden Finance, Ethena Labs launches USDe reserve certificate. The Proof was created and launched in partnership with Harris & Trotter, Chaos Labs, LlamaRisk and Chainlink. The reserve proof will be updated weekly, mainly verifying key information such as the value of USDe's asset reserves, whether reserve assets are greater than or equal to USDe's supply, whether reserve assets are composed only of governance-approved digital assets, and whether reserve assets remain neutral in USD. The solution provides further independent verification from external third parties to ensure that USDe’s supported assets are not escrowed on the exchange. Reserve Fund assets are not included in the USD value of the USD supported assets.