Ethena Labs: May Funding Custody Transparency Report Released
ChainCatcher has learned that Ethena Labs has officially released its May Escrow Proof of Funding Transparency Report in an effort to increase the transparency of its program. The data shows that as of May 24th at 10am UTC, USDe supply was $2.673 billion:
USDe supply: $2.673 billion
Custodian-backed assets: $2.677 billion
Reserve Fund: $42.3 million
Total agreed assets represent 101.74% of USDe supply.
In addition, security agency Immunefi has an Ethena Vulnerability Bounty Program, which rewards discovery of critical vulnerabilities in the Ethena smart contract with 10% of the funds directly affected, up to a maximum of $3 million.
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