• 34ºc, Sunny

Ether.Fi proposes to allocate 5% of the agreement revenue to buy back ETHFI and distribute it to pledgers

According to a post on the Decentralized Finance (DeFi) Protocol Ether.Fi Community Governance Forum, Ether.Fi propose to allocate 5% of the protocol revenue to purchase ETHFI and distribute it as a reward to ETHFI pledgers, a move aimed at "enhancing the utility of ETHFI, strengthening its marketplace, and aligning user incentives with the growth of the Ether.Fi ecosystem." The Ether.Fi team described the 5% revenue distribution as a "starting point", noting that the reward will initially only be offered to token holders who have pledged ETHFI for at least one month. According to the post, the proposal will be decided by token holder voting before the end of the week. Ether.Fi have used the protocol revenue to buy back tokens from ETHFI's main liquidity pool.