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Ether.Fi DAO Proposes New Plan: Intends to Launch $50 Million Token Buyback Program
Summary: Ether.Fi DAO has announced a new proposal to authorize the foundation to use part of the treasury funds for a buyback of ETHFI tokens. According to the proposal, when the ETHFI market price falls below $3, the foundation can execute buybacks from the open market or specified on-chain venues, with a total cap of $50 ...
Ether.Fi DAO has announced a new proposal to authorize the foundation to use part of the treasury funds for a buyback of ETHFI tokens. According to the proposal, when the ETHFI market price falls below $3, the foundation can execute buybacks from the open market or specified on-chain venues, with a total cap of $50 million. The plan aims to continue accumulating ETHFI tokens and increase the proportion of protocol revenue used for buybacks when the price is below that threshold. All buyback transactions will be transparently recorded on-chain and publicly reported through the ether.fi dune dashboard. The proposal will undergo a 4-day voting period on the Snapshot platform and will take effect immediately upon approval.
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Link: Ether.Fi DAO Proposes New Plan: Intends to Launch $50 Million Token Buyback Program [Copy]
