Ether.fi Announces Major Buyback Plan for ETHFI Tokens

The Ether.fi community is voting on a new proposal to buy back ETHFI tokens, aiming to boost the project’s confidence and circulation. The proposal, launched on November 1st via Snapshot, seeks to allocate up to $50 million from the platform’s treasury if the price of ETHFI drops below $3. Currently trading at $0.96, this buyback program would mark Ether.fi’s third attempt to purchase back its tokens since launching in 2018.