Ethena Labs Integrates Chaos Labs’ Technology

Ethena Labs has integrated Chaos Labs’ data verification technology, Edge Proof of Reserves Oracles, to strengthen the risk management framework for its USDe synthetic dollar token.

Verification of Reserves

Edge Oracles will independently verify the total dollar value of USDe reserves, the reserve coverage of USDe supply, and confirm that the reserves are governance-approved and delta-neutral.

Enhanced Trustworthiness

The integration with Chaos Labs adds trustworthiness to USDe reserves, ensuring their security and transparency. Edge Proof of Reserves (PoR) Oracles will continuously monitor token reserve levels and verify the collateral that backs them. This is accomplished by seamlessly integrating off-chain data from custodians and centralized exchanges into the on-chain environment, providing scalable and reliable support for institutional-grade applications.

Alert System

The integration also features automatic alerts to notify users of any data anomalies or when reserve levels fall below required thresholds. Verified data is publicly displayed on the Ethena transparency page and in the attester interfaces, informing stakeholders.

Designed by Freepik