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Original author: Nomad Original translation: Felix, PANews Ethena, the Ethereum stablecoin synthetic dollar project, has not yet gotten rid of the question of being the next LUNA and has recently suffered another credibility crisis. A community user posted on the X platform questioning the use of 180 million ENA to earn Sats in Season 3, diluting the rewards of other participants. The following is the content details. The Ethena team is using 180 million ENA tokens (25% of the SENA supply to earn Sats) for Sats liquidity mining in Season 3, which effectively dilutes the rewards of other participants. This move has raised great concerns about the ethics of the team. Timeline of evidence: August 22: Coinbase announced that its Prime service will become the primary custodian for Ethena Labs…
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