Ether.fi Foundation Announces Updates on ETHFI Token Buyback & Distribution

The Ether.fi Foundation has provided updates on its ETHFI token buyback and distribution initiative, as announced on the X platform (formerly Twitter). This week, the foundation conducted a buyback program using $314,000 in funds from its protocol revenue to purchase 264,000 ETHFI tokens. Simultaneously, approximately 155,000 ETHFI tokens were destroyed, and 108,000 ETHFI tokens have been distributed to sETHFI holders.