$ENA Friends!! The second Custody Attestation report is out, and here's the skinny: 💻👇

🔘 As of May 24th, there's $2.673 billion worth of USDe floating around.

🔘 To make sure everything's legit, Copper, Ceffu, and Cobo all verified that they're holding a chunk of the USDe backing (they've got $1.3 billion+ each from Copper and Ceffu, and $5.5 million from Cobo).

🔘 Plus, there's an extra $15.4 million sitting in Ethena's mint/redeem contract and $42.3 million in the reserve fund, ready for any redemptions.

Basically, independent auditors checked and confirmed that everything lines up – the USDe supply is backed by real assets held by these custodians. Here's a quick breakdown (numbers are rounded for easier reading):

(1) USDe Supply: $2.7 billion

(2) Custodied Assets:

🌕Copper: $1.3 billion

🌕Ceffu: $1.3 billion

🌕Cobo: $5.5 million

(3) Mint/Redeem + Reserve Fund: $57.7 million

(4) Total Backing Assets: $2.7 billion (covers the USDe supply, with a little extra)

This is good news for transparency! It shows that Ethena's keeping things on the up and up with USDe. (but why you take so long before sharing?? 😜) DYOR! #ENA #altcoins