On October 11th, Ethena Labs officially released a reserve proof in response to market doubts, stating that the USDe reserve proof is usually provided weekly by third-party independent certification agencies, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. In response to community requests, Ethena provided an unconventional rhythm reserve proof based on market events in the past 24 hours, which can be seen at the official link. These independent third parties have confirmed that USDe still has approximately $66 million in excess collateral, and Ethena Labs provides maximum transparency.

This morning, Ethena Labs founder Guy Young responded to rumors circulating online that "Ethena is urgently raising funds to avoid a replay of the LUNA incident," stating that this is completely untrue.