In the wake of a major security breach at Bybit, Ethena Labs has taken proactive measures to bolster user confidence in its synthetic dollar token, USDe. By integrating Chaos Labs’ Edge Proof of Reserves Oracles, Ethena Labs ensures continuous, independent verification of USDe’s reserves and provides heightened transparency for users. This integration guarantees that USDe’s reserves are accurately monitored, governance-approved, and delta-neutral. Automated alerts will be triggered in case of any anomalies or reserve breaches below required levels.