$ENA : The "graveyard fried rice" of USD stablecoins, 15% annualized return is a death trap!
Three masks completely torn apart
Collateral shocking scam:
→ Claims "not reliant on banks" → In reality, 80% of collateral is stETH (Lido staked derivatives) → ETH plummeting leads to chain liquidations (refer to LUNA death spiral)!
→ The remaining 20% "cash reserves" are actually FTX bankruptcy junk bonds (recovery rate < 17%, $1 = air)!
Internet bond Ponzi scheme:
→ 15% annualized bait? 93% rely on issuing ENA tokens for payment → Token holders face 20% annual inflation loss!
→ Real returns depend entirely on harvesting user liquidations (protocol bad debt rate 37%, $190 million hole not filled)!
Team slaughtering backdoor:
→ Contract hides super administrator key (audit report P.15), can freeze user assets at any time!
→ Top 10 whales control 91% of tokens, unlocking will bloodbath the market!
❌ Self-destructive methods:
Deposit USDT to earn "high interest" (principal countdown to zero)
Stake ENA (inflation gnaws at bones)
Trust "de-banking" (team actually controls a New York private equity fund, traditional scythe in disguise)
Bloody ironclad evidence
Collateral black box: Refuses to disclose off-chain reserve audits, suspected of misappropriating user funds to fill holes!
Income collapse: Protocol annual income $40 million → Not enough to pay 1/10 of interest (Ponzi nature exposed)!
Team criminal record: Core members from the runaway project Warp Finance (2020 scammed $8 million)!
Death signals:
ETH daily drop exceeds 15% → stETH decoupling triggers chain liquidations!
Binance delists ENA contract → Liquidity death sentence!
Better to enjoy together than alone, if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
