Ether.fi Launches Buyback Program to Boost ETHFI Liquidity

The Ether.fi DAO has proposed a buyback program for its native token, ETHFI, with the potential to purchase up to $50 million worth of ETHFI when its price drops below $3. The proposal hinges on surplus fees generated by the protocol, which currently generate over $360 million annually in revenue. The plan would trigger a continuous buyback operation if the ETHFI price falls below $3 until the limit is reached or governance reverses course. 4-day snapshot voting will determine the program’s success.