Ethena team questioned about using 180 million ENA to earn Sats in Season 3

On October 28th, X platform user @Nomad02887202 posted that the Ethena team is currently using 180 million ENA tokens (25% of the SENA supply to earn Sats) to conduct Sats liquidity mining in Season 3, which effectively dilutes the rewards of other participants, causing great concerns about the team's ethics. The timeline of evidence is as follows:
August 22: Coinbase announces that its Prime service will become the primary custodian of Ethena Labs and Foundation's ENA tokens.
August 23: The Coinbase Prime escrow received more than 3 billion ENA tokens, exceeding the total ENA in circulation at the time, according to Ethena's vesting plan. There is reason to believe that this is the Coinbase Prime escrow address for ENA tokens locked up by the Ethena Labs core team and the Ethena Foundation.
October 3: When the SENA pledge was launched via the S2 airdrop, Coinbase Prime Custody addresses distributed 180 million ENA tokens to 6 wallets: • Day 1:2 transfers (30 million and 35 million ENAs) • Next days: 4 transfers (35 million, 30 million, 25 million, 25 million ENAs).
@Nomad02887202 explains that these SENAs can earn not only Sats, but also Ethereal points (DEX in partnership with Ethena will be launched by the end of 2024). Data shows that the SENAs of the Ethena team have now accumulated 20% of the total Ethereal points.
The user added: "This is not the first time these suspicious addresses have been called into question. On Ethena's first community call, this was the most voted-for issue, but the Ethena team chose to ignore it completely, which speaks volumes about the team's ethics and attitude."