According to BlockBeats, Ethena Labs has officially released its May custody proof on May 27th, in an effort to increase the transparency of its project. The data reveals that as of 10 am UTC on May 24th, the supply of USDe was $2.673 billion. The custodian-supported assets amounted to $2.677 billion, and the reserve fund was $42.3 million. The total assets of the protocol accounted for 101.74% of the USDe supply.
Ethena Labs' move to release the custody proof is seen as a step towards enhancing the transparency of its operations. This is particularly important in the world of digital assets, where transparency can often be lacking. By providing clear and accurate data on its assets, Ethena Labs is demonstrating its commitment to openness and accountability.
The data provided by Ethena Labs gives a clear picture of the company's financial situation. With the supply of USDe at $2.673 billion and custodian-supported assets at $2.677 billion, it is evident that the company has a solid financial base. The reserve fund of $42.3 million further strengthens this position. The fact that the total assets of the protocol account for 101.74% of the USDe supply indicates a healthy financial status for the company.