Ethena founder: USDe collateral ratio has always remained greater than 101%, and proof of custody assets will be released this week
Odaily2024/08/05 14:52
By:Odaily
Odaily News Guy Young, founder of Ethena, said in a post on X that USDe processed more than $50 million in redemptions overnight, the largest redemption to date, without any problems. USDe collateral assets and reserves have always remained above 101% of USDe supply. The next monthly custody asset proof was originally planned to be released at the end of the month, but in order to provide greater transparency to the community, it will be released ahead of schedule this week.
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