Ethena

$ENA

Another one? What's wrong with this...I'll count the ways.

  1. Based on Ethereum, the absolute worst project in crypto.
  2. Their "synthetic dollar" is just another stablecoin that tries to draw money out of real cryptos and back into fiat.
  3. The yield is really high at 17%+ per year. Users don't realize that yield comes out of their pockets.
  4. They have a "rich list" letting everyone know which addresses have the most money.
  5. The "genesis story" is mostly a collection of random ideas and ramblings, most of which doesn't help new potential users understand why this is a good project.
  6. They are doing an airdrop, which is usually a waste of money.

So many red flags with this one. Show Less

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