(Which is fine, and can easily be strong enough to have adequate durability). The pin is probably better and stronger than a bolt (no/minimal wobble, can't come loose and ream out the hole, can't snag, etc. - just not what we're used to seeing. The glue may well not really matter, although it's inexcusable that it breaks if they use it. The pin is sufficiently strong to safely hold things in place, and would be even more so if they capped the ends.
The conclusion that I'm coming to is that the tethrd sticks were designed in large part to be mass-produced cheaply (and hopefully reliably) from "premium" materials with a design that's clearly very different from competing steps. No time-consuming tightening of bolts that may loosen, everything press-fit, only the standoffs with a complex design.
Probably a good idea to test with failed adhesive to failure, but at this point it seems possible that the glue isn't really structural, at least from a safety perspective. Might "just" be there to quiet them down.
View attachment 45924