Recently, netizen Nomad revealed on social media that the Ethena team, a decentralized financial protocol, used 180 million ENA tokens, equivalent to 25% of the SENA supply, in the SENA third quarter points airdrop event. This operation diluted the profits of other participants and raised serious concerns among holders about the team's ethics and transparency.

Suspicious flow of team managed tokens

According to public evidence compiled by Nomad, Coinbase announced on August 22 that its Prime service would become the primary custodian for Ethena Labs and the Foundation's ENA token. Just one day later, the Coinbase Prime custody address received over 3 billion ENA tokens, far exceeding the circulation at the time, so it can be reasonably speculated that these tokens may be locked in tokens of the Ethena team and foundation.

With the launch of SENA staking on October 3rd, Coinbase Prime distributed 180 million ENA tokens to six wallets and quickly began mining. The distribution operation is as follows:

On the first day, two transactions were made (30 million and 35 million ENAs), followed by four more transfers in the following days. These tokens will not only earn Bitcoin profits, but also receive Ethereal Points expected to be launched by Ethena's collaboration DEX in 2024. Currently, the team's SENA has accumulated 20% of the total reward.

The team ignored the doubts of the holders and received widespread criticism for their past misdeeds

Nomad accuses that this is not the first time Ethena's team's behavior has caused dissatisfaction among holders. In Ethena's first community call, questioning the community issues surrounding these suspicious addresses received the most votes, but the team completely avoided discussing it. In addition, the Ethena team's "bad record" in arbitrarily modifying unlocking rules has greatly reduced the trust of the holders. For example, in the S1 mining activity, the Ethena team once requested holders to pledge 50% of the unlocked tokens when the unlocking process was halfway through; S2 participants are facing a blow from the temporary implementation of the 30 day average position rule, almost incurring huge losses.

Ethena's' Black Box '

As a CeDeFi project, Ethena's operating model is described as a 'black box', where users can only rely on data provided by the team and have no way of knowing the true revenue data obtained by the project from $2.6 billion in user funds. The outside world is uncertain whether the agreement will distribute all profits to SUSDe holders. For a protocol running in CeDeFi mode, trust should be the key cornerstone, but the Ethena team's approach has gradually caused holders to lose confidence.

(责任编辑：金店)

• ·比特币披萨日：10,000 BTC 买了两个披萨并改变了一切，至今已有 15 年
• ·方正科技收盘涨1.71%，主力资金净流入3827.86万元
• ·净经营资产净利率怎么计算
• ·莱特币怎么看
• ·欧意链接安卓_OK交易所排名第几V6.1.25
• ·国外自由软件社区
• ·前海数字资产平台交易
• ·新能源概念31日主力净流出3.9亿元，比亚迪、上海电气居前
• ·比特币十大交易平台_数字货币交易平台排行
• ·地热能概念31日主力净流出1.19亿元，澳柯玛、汉钟精机居前
• ·BingX Launchpool 上線 Counter Fire（CEC）：區塊鏈遊戲新前沿
• ·奥普光电收盘涨10.0%，主力资金净流入1.09亿元
• ·比特币突破111500美元关口，24小时涨幅达4.2%
• ·比特币：该指标反映了 2024 年的牛市——历史会重演吗？
• ·Injective 引领 AI 代币 surge 上涨 12% – INJ 有可能达到 17 美元吗？
• ·万达有哪些贷款情况？最新贷款信息解析！