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EtherFi Proposes $50M Token Buyback Program to Support $ETHFI Price 📊
EtherFi ($ETHFI) has initiated a governance vote to authorize a $50 million token buyback from its treasury. The program would activate when $ETHFI trades below $3, aiming to enhance market liquidity and stability.
This proposal continues the foundation's previous buyback initiatives, all approved through community governance. The mechanism is designed to align long-term tokenholder interests with protocol treasury management.
EtherFi ($ETHFI) is a leading liquid restaking protocol that provides liquidity for staked Ethereum while enabling participation in additional decentralized networks.
#Buyback #DeFi #Governance $ETHFI $ETH