USDe launches weekly proof of reserves for greater transparency
#Ethena has introduced a weekly Proof of Reserves (PoR) system for its USDe
#stablecoin , with contributions from #HarrisTrotter,
#ChaosLabs ,
#LlamaRisk , and
#Chainlink as initial attestors. The initiative is designed to provide consistent verification of the stablecoin’s backing by offchain assets.
The #PoR system aims to answer two key questions: whether #USDe is fully collateralized by its backing assets and the net delta of those assets in USD terms. The data is made publicly available through dashboards hosted by Ethena, Chaos Labs, and LlamaRisk, with Harris & Trotter and Chainlink expected to release their platforms soon.