Ether.Fi DAO issued a new proposal to authorize the foundation to use some of the treasury funds for ETHFI token repurchase.
According to the proposal, when the ETHFI market price is below $3, the foundation can perform repurchases from the open market or designated on-chain venues, with a total amount cap of $50 million. The plan aims to continue to accumulate ETHFI tokens and increase the proportion of the agreement revenue used for repurchases when the price falls below this threshold.
All repo transactions will be transparently recorded on-chain and publicly reported through the ether.fi dune dashboard. The proposal will be voted on for 4 days on the Snapshot platform and will take effect immediately once approved.
Ether.Fi DAO Proposal to Launch Up to $50 million Token Repurchase Program
2025-10-31 03:54:55
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