Tag: Ethena

source: foreignpolicy.com

Ethereum-Based DeFi Protocol Ethena Labs Faces Scrutiny Over Alleged Crypto-Farming Manipulations

Ethereum-based decentralized finance (DeFi) protocol Ethena Labs is under investigation following allegations from crypto investigator “Nomad” that its development team engaged in an internal crypto-farming event. The investigator claimed that the Ethena team holds around 25% of the staked ENA (SENA) in its Season 3 farming event, potentially diluting rewards ...

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