TechFlow news, April 12 — According to an official announcement from Ethena Labs, the project has officially launched its USDe proof-of-reserves system. The development and deployment of this system involved four organizations: Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink. The proof-of-reserves system will be updated weekly, primarily verifying key information such as the asset reserve value backing USDe, whether reserve assets are greater than or equal to the USDe supply, whether reserves consist solely of governance-approved digital assets, and whether reserve assets maintain dollar neutrality. Approved governance assets include BTC, ETH, stETH, mETH, WBETH, SOL, USDT, USDC, USDtb, and sUSDS. Users can view real-time proof-of-reserves data via the project's transparency page and partner websites.
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