USDe Proof of Reserves are typically provided on a weekly basis by 3rd party independent attestors including leading firms such Chainlink and Llama Risk.
Following the events that have unfolded in the last few hours, we have provided a Proof of Reserves which has been linked below this message.
Each of these independent 3rd parties mentioned above have confirmed USDe remains overcollateralised by more than $60m at >101.0%.
No USDe backing resides directly on Binance or any centralized exchange.
All funds are safe. Maximum transparency.
New Pendle PT-USDe maturities are live: fixed duration markets for USDe.
Pendle has added a number of new markets for USDe across 3-12 month maturities, with zero Ethena token incentives supporting these markets.
Ethena will now also receive 50% of all fees generated via third-party operated Ethena Pendle pools which are due to the Pendle treasury.
The new Pendle assets will be available on Ethereum, Base and Avalanche.
More details below:
Here's what happened @ethena in October:
• Passed $800m in total rewards distributed.
• Partnered with @ether_fi to launch their own stablecoin, powered by Ethena Whitelabel.
• Launched Earn+ on @EthenaPay. Users can earn up to 12% rewards in a single tap.
• USDe went live on @XLayerOfficial and OKX @wallet, with one-click USDe looping in OKX Wallet coming soon.
• Standard Chartered initiated research coverage of Ethena, forecasting ~8x USDe growth over the next two years.
• Operated through the Binance-related security incident with no issues.
• @EthenaPay crossed $5m in card volume, while still in beta.
• USDe on Monad crossed $100m for the first time.
• USDe became the second-largest dollar asset on @base behind USDC.
We are of a potential security incident related to Binance.
As a reminder all collateral with exposure to exchanges resides in off- exchange custodians, not directly with the exchange themselves.
As we learn more details on the incident we will provide updates here.