Ethena extends the LayerZero OFT bridge pause and publishes proof of reserves confirming USDe’s collateralization ratio exceeds 100%
According to an official post on Ethena’s X account, due to the absence of a satisfactory root-cause analysis regarding the rsETH incident, Ethena has decided to extend the suspension period for its LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest Proof of Reserves, independently verified by four third-party entities—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that USDe’s collateral coverage ratio remains above 100%. The verification results have been published on Ethena’s Transparency Page and Data Dashboard. Ethena stated it will continue monitoring the situation and provide updates as they become available.
