#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 is about to restart the Gas Free program to incentivize stakers and voters
Odaily Planet Daily News Onyx announced in a post by X that it will soon launch two proposals to restart the Gas Free program, incentivizing stakers and voters, and will also restart the Onyx Ambassador program. Please follow. Earlier, Onyx Protocol posted on the X platform, proposing OIP-46 in response to the recent theft incident, suggesting a re-launch of the Open Source financial network Onyx Core as the main product, together with XCN Staking, to ensure the governance of Onyx Core and the rewards of Onyx Staker. According to the proposal, the Onyx Protocol will operate on the Onyx Core as a closed-loop lending protocol, allowing users to wrap and borrow 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 1:1 ratio.