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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Curve Founder’s New DeFi Project Wants to Eliminate Impermanent Loss With Leveraged Liquidity - Unchained
Curve Finance founder Michael Egorov’s new project, Yield Basis, is designed to address the persistent challenge of impermanent loss in decentralized finance (DeFi) by leveraging liquidity in a different way.
In a white paper shared to X, Egorov explained that the protocol uses 2x leverage, typically via Curve’s crvUSD stablecoin, to to keep positions closer to market prices and reduce the effects of impermanent loss.
This story is an excerpt from the Unchained Daily newsletter.
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Yield Basis also tokenizes liquidity positions into yield-bearing assets (like ybBTC and ybETH), which can be staked for additional rewards.
The project raised $5 million at a $50 million valuation, with strong investor interest and a token (YB) vesting schedule that includes a six-month cliff followed by two years of linear release. It is currently in a “test-in-production” phase, with audits and testing underway before a full-scale launch.