With EncFS MP, you can store your data in an encrypted folder. This is especially important if you store your sensitive data in a cloud service like Dropbox or Google Drive.
Although EncFSMP is an open source project and its source code is released under the MIT license, it contains a closed-source component. The file system component that allows EncFSMP volumes to be mounted is called Pismo File Mount and is developed by Pismo Technic Inc. Other than that, EncFSMP is 100% open source.