Real-Time Dashboards

Ethena aims to enable users to be able to independently verify and prove the existence of protocol backing as well as the protocol's derivatives positions.

Below are a series of dashboards of interest:

• Solvency Dashboard

• Positions Dashboard

You are able see the onchain deposit and custody addresses of the backing assets of USDe on the Positions Dashboard.

Copper & Ceffu operate omnibus solutions with hot/warm/cold wallets wherein all of their users' funds are co-mingled. This does not break or compromise the protocol's ownership or claim on the backing in either solution.

As a result, the Copper omnibus & Ceffu deposit addresses don't represent the value of assets held by the protocol, but show the initial deposit upon direct mints of USDe with the protocol.