Ethena Labs recently provided important updates regarding the claims surrounding token rewards linked to their cryptocurrency, Ethena (ENA). The organization addressed concerns raised by both team members and the community about locked tokens generating rewards through the sENA mechanism. In their statement, Ethena Labs clarified that no locked tokens are currently earning any rewards, reiterating that this information had already been shared publicly through Discord, along with supporting evidence.
What is the Token Distribution Schedule?
Ethena Labs affirmed that the ENA tokens from the wallets in question will be distributed as per a pre-established schedule, which aligns with the original distribution plan. This means that the unlocking of tokens will occur in accordance with a specified timeline, ensuring transparency in the process.
Furthermore, the organization made it clear that these tokens will not participate in any reward or AirDrop initiatives. The tokens have been unlocked solely because they meet particular technical requirements, and their distribution is strictly regulated.
How Will Future AirDrop Processes Be Conducted?
Ethena Labs plans to enhance user experience by implementing a new feature within its interface to provide clear information regarding future AirDrop and reward programs. This addition aims to reassure users, as it will exclude sENA tokens not allocated through Liquifi contracts from the upcoming processes.
The organization’s proactive steps are designed to foster greater trust within the community, emphasizing their commitment to transparency and safeguarding the interests of their users. Key takeaways include:
- Locked tokens will not accrue rewards.
- Distribution follows an established schedule.
- New interface features will clarify future rewards.
- Tokens not under Liquifi will not participate in AirDrops.
Ethena Labs continues to prioritize transparency and communication as they navigate the complexities of the cryptocurrency space, ultimately ensuring the security and satisfaction of their community members.