#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
GMX initiates on-chain voting to change the income distribution model to buyback and distribute GMX
Golden Finance reported that GMX announced that the 'Change the Revenue Distribution Mode to Repurchase and Distribute GMX' proposal has passed the Snapshot vote and started on-chain voting. The voting will end on August 5th. The proposal suggests changing GMX's current revenue distribution mode from 'repurchasing ETH and distributing ETH' to 'repurchasing GMX and distributing GMX'.