Proton claims to have encryption at rest for non e2e encryted emails. Of course you need to take their word of it, since they can just make a copy during unencrypted transport. But so far, there's no evidence that they actually do this.

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Email is just not private at all, but that does not mean you should throw your arms into the air and just use gmail... Every little step helps

I wonder if they have this part of their code open sourced

This is server side. It does not matter if it's open source, you can never verify what they are running there.