DWF Labs has disclosed that stablecoins and Bitcoin constitute 89% of the reserve assets for its stablecoin project, USDf, totaling approximately $565 million. Altcoins make up the remaining 11%, valued at around $67.5 million. The reserve assets have undergone auditing, confirming an excess collateral ratio of 116%. The income sources for the protocol include basis trading (44%), arbitrage trading (34%), and staking (22%). Recently, USDf experienced a temporary de-pegging, dropping to $0.8799, but has since recovered to $0.9905.
DWF Labs Reveals USDf Reserve Composition and Collateral Ratio
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