Ethena Will Increase Financial Transparency Through Attestation Reports
Hey guys welcome back and lucky Ali is here with another great post so today I’m going to talk about Ethena this is a great project because it has attracted many eyes. now Athena wants to focus more on transparency and that’s why every integrated depository has to provide an attestation report this report shows that asset behind USDe is stored in secure places not on the trading websites. So from now on this report will be published on ethena website every month where people can discuss and think about the things management in the future.
By doing this ethena wants to win the trust of the people so this report will be published and provide updates regularly to the stakeholders because of this thing stakeholders will know what type of asset protocol is supported and where it is stored so why does this update come I think it wants to show how secure your assets are on the ethena so this is that is a good step for the transparency and transparency is the main thing in the cryptocurrency space and if you are providing transparency to the users which means your future project will be bright. So this is a great update and in the future, it will get more popularity because the team is doing very well recently the airdrop happened ethena and people got very good profit from the Ethena airdrop also the launch pool farming and people earned great profit from it so already win the trust of the people users and by providing transparency it is winning the trust of the people again.
From April 2024, the Athena team will issue detailed reports every month regularly. These reports will reveal what type of assets are behind USDe as I said in the above paragraph. the total supply of USDe is $2.359 billion till now. In which some large custodial services have a significant part of this supply. Ceffu has $1.066 billion, Copper has $1.279 billion & Cobo has a smaller stake, and you know this is worth $4.871 million. The good thing is that These custodial services keep the assets safe and check for any losses or profits that have not yet been recorded. the Athena platform's financial transparency will be further strengthened by this investigation. Over time, the Athena team plans to improve these checks even further. For this, provide more detailed information by involving the experts.
What is your opinion regarding this new update by Ethena so it will increase transparency or not living in the comment section if you are already a member of Athena then share your experience below in the comment system so that other users can take benefit from your from the information of you so that’s it and don’t forget the studio I mean this post on social media and as I said do comment below have a good day
Lucky Ali
○_________________○___________________○
| 👇 | ||
|---|---|---|
 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
Posted Using InLeo Alpha
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 17.74% vote for delegating HP / holding IUC tokens.
This post has been manually curated by @alokkumar121 from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @alokkumar121 by upvoting this comment and support the community by voting the posts made by @indiaunited.