Issuer Profile·BVI FSC
Ethena Labs
Ethena Labs issues USDe, a delta-neutral synthetic dollar backed by staked ETH and offsetting short perpetual positions.
ethena.fi ↗Aggregate trust score
54/ 100
Weighted by outstanding supplyInstruments1
OCB — 01·Coverage
1 instrument under coverage
InstrumentClassScoreBandSupplyTrace
OCB — 02·Score history
78 readingsEthena Labs — aggregate trust rating, 90 days
Ethena Labs — Aggregate Trust Rating
Weighted-average composite score (0–100)
Ethena Labs aggregate trust rating is 54 as of Aug 26, 2026, weighted by outstanding supply across 1 instruments.
Source: OCB Trust Ratings · Ethena Labs · onchainbenchmark.comUpdated daily
OCB — 03·Issuer metadata
Regulatory standing and governance
- Regulatory jurisdiction
- BVI FSC
- Registration ID
- Ethena Labs (BVI Limited)
- Last audit
- April 30, 2026
- Legal structure
- BVI Limited
- Change control
- multi-signer
- Homepage
- https://ethena.fi ↗
Methodology
Each instrument under Ethena Labs is scored independently across four dimensions — Reserve Quality, Redemption Depth, Transparency, and Holder Concentration— contributing up to 25 points each. The aggregate score shown here is weighted by each instrument's outstanding supply in USD.
Read the full methodology →