#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
The Sky community is considering a final proposal to replace MKR with SKY as the sole governance token.
BlockBeats news, on May 1, Sky's (formerly MakerDAO) core governance design team Atlas Axis submitted a proposal on Wednesday, which, if approved, will complete the protocol upgrade from MKR to SKY. This transition will make SKY the sole governance token and support staking, unlocking USDS rewards for SKY holders. Sky co-founder Rune Christensen praised the proposal in a forum post as a "huge milestone." Although USDS and SKY were introduced as upgrade tokens, DAI and MKR remain in circulation, allowing users to choose to convert their held tokens into the new token for a gradual transition.