Ethena Labs officially denies all recent rumors. $ENA will soon return to the race.

We are aware of questions circulating in Discord and X as to whether investors or the Ethena team are earning Ethereal rewards via sENA using locked tokens.

We would like to categorically confirm to our community that absolutely no locked team or investor tokens are staked as sENA earning any rewards, including Ethereal.

This was confirmed in Discord publicly last week per the screenshot below.

Any ENA that was sent out of the wallets in question are unlocked following the exact vesting schedule outlined in the original token distribution blog post.

The wallets in question contain unlocked foundation tokens that would fit under the eligible criteria. Nevertheless, the foundation has confirmed to us that these tokens will *NOT* be recipients of any airdrop or related rewards from Ethereal.

A section will be added to the UI this week to clarify the total sENA eligible for future airdrops, which also excludes the undistributed sENA sitting in Liquifi contracts, to make this more clear to users.