Ethena Labs closes proof of reserves oracle deal after Bybit hack caused weekend depeg scare

Ethena Labs has just revealed that it integrated Chaos Labs’ data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Ethena’s USDe is a synthetic stablecoin that maintains a soft peg with the U.S. dollar via an automated delta-hedging strategy that shorts Bitcoin and Ether perpetual futures […] source: https://www.cryptopolitan.com/ethena-labs-proof-of-reserves-oracle/