Ether.fi has secured approval for a substantial $50 million buyback program to stabilize the price of its ETHFI token. The initiative is designed to increase liquidity and confidence in the token, particularly benefiting long-term holders. 💰
The buyback will target ETHFI tokens trading below $3. It aligns with Ether.fi’s rapid expansion within DeFi and institutional channels by leveraging revenues from staking operations and DeFi integrations.
This program leverages robust protocol revenues to execute the buybacks transparently on-chain, providing an enhanced level of accountability through Dune Analytics dashboard reporting. 📈
Ether.fi DAO’s recent approval demonstrates a significant level of community support for this initiative.
The program reflects a strategic and dynamic approach to market stabilization, with buybacks scaled according to protocol revenues generated mainly through staking and DeFi partnerships.
This follows the platform’s rapid growth with over $700 million in total value locked (TVL), achieved through integrations with major platforms such as Plasma, Aave, and FalconX. Their innovative