Ethena Labs has partnered with Chaos Labs to integrate Chaos Labs' data authenticity technology, Edge Proof oracles, to enhance the risk management framework for its synthetic dollar token USDe. The integration will provide independent verification of reserves and ensure transparency and security for users. Ethena Labs faced potential crisis following the Bybit hack but assured its investors that all assets backing USDe were held off-exchange and had a reserve fund to offset any losses. The company honored $123 million in redemptions and USDe's supply is now down to $5.88 billion.



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