According to The Block, the Ether.fi community has put forward a proposal to set aside up to $50 million from its coffers to buy back ETHFI tokens when they trade below $3, making it the latest major DeFi protocol to adopt a buyback strategy as a liquidity and price-supporting tool. Under the governance proposal released Thursday, the plan authorizes the Ether.fi Foundation to make open market purchases of ETHFI when the spot price is below $3.
As of October 31, ETHFI has fallen more than 89% from its 2024 high and is trading at around $0.93, within the proposed repo range. Repo has become the preferred vehicle for agreements with significant fee revenue but weak secondary market demand, a practice similar to that of traditional corporate finance. However, Ether.fi strategy ties triggers directly to price thresholds rather than fixed time intervals or budget plans.
Ether.fi DAO proposes to buy back ETHFI for $50 million
2025-10-31 13:26:41
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