Ethena Labs, the organization behind the altcoin Ethena (ENA), provided clarification regarding claims made by investors and team members about locked tokens earning rewards through sENA. According to the official statement, it was explicitly stated that no locked coins are earning Ethereal rewards via sENA. The firm noted that this issue was communicated to the public last week through Discord, accompanied by a screenshot that served as evidence.
Token Distribution Will Follow the Established Schedule
Ethena Labs emphasized that ENA coins emerging from the wallets at the center of the claims will be released according to a predetermined schedule that adheres to the original coin distribution plan. The coins in these wallets will be distributed as unlock operations take place, following the specified timetable.
The organization clarified that the coins in question will not benefit from the Ethereal or any other reward or AirDrop programs. According to the company’s announcement, these coins belong to specific wallets managed by the institution and have completed the unlocking process merely because they meet technical criteria.
Future AirDrop Processes Will Be Managed with Transparency
Ethena Labs announced that it will add a new section to the user interface this week to ensure a transparent process for users. This section will contain all necessary information regarding potential future AirDrop and reward processes. Furthermore, it was emphasized that sENA coins not distributed under Liquifi contracts would be excluded from this process to alleviate user concerns.
With this announcement, Ethena Labs aims to enhance the trust of community members. The organization stressed that every step will be taken with a transparent process to protect the rights of investors.
