Ether.Fi proposes to allocate 5% of protocol revenue to buy back ETHFI and distribute it to stakers
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2024-12-17 06:03 5,655
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Golden Finance reported that according to a post on the decentralized finance (DeFi) protocol Ether.Fi community governance forum, Ether.Fi proposed to allocate 5% of the protocol revenue to purchase ETHFI and distribute it as rewards to ETHFI pledgers, The move is intended to “enhance ETHFI’s utility, strengthen its market, and align user incentives with the growth of the Ether.Fi ecosystem.”
The Ether.Fi team describes the 5% revenue distribution as a “starting point,” noting that rewards will initially only be available to token holders who have staked ETHFI for at least a month. According to the post, the proposal will be voted on by token holders before the end of the week. Ether.Fi has used protocol revenue to buy back tokens from ETHFI’s main liquidity pool.