CandleFocus ? Staking Crisis in Altcoin Listed on Binance! Price Dropped, Statement from the Team!
2024-10-28
Author: Content Editor
Stablecoin issuer Ethena Labs has been accused of unfair staking by participating in a recent event with 180 million ENA tokens, allegedly owning 25% of the total staked tokens. Cryptocurrency researcher Nomad claimed that this move would reduce rewards for legitimate participants. However, Ethena Labs denied these claims, stating that the team did not stake tokens to earn rewards. Ethena Labs is a synthetic dollar protocol on Ethereum that aims to provide a crypto-specific solution independent of traditional banking systems.
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