#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
Onyx Protocol: Initiating a proposal to shut down the ETH-based lending market and planning to fully compensate stolen user funds
Odaily Star News: Onyx Protocol published proposal OIP-46 on the X platform, suggesting to restart Onyx's Open Source licensed financial network, Onyx Core, as the main product to ensure the governance of Onyx Core and the rewards of Onyx Staker, in response to the recent hack. According to the proposal, Onyx Protocol will operate as a closed lending protocol on the Onyx Core, allowing users to package and lend non-fungible tokens and real world assets (RWA), while supporting encrypted assets from multiple chains. This move will close the lending market based on Ethereum and fully compensate all affected users, paying their provided assets at a ratio of 1:1.