On June 20th, the DAO community Ether.fi the Ethereum Liquidity Staking Protocol has launched its first proposal, which aims to increase the liquidity of ETHFI on the chain and increase the amount of vault holdings.
The proposal proposes to purchase ETHFI at 50% of the revenue from the agreement. 5% of the monthly revenue will be used initially, with future additions to be determined by a community vote. Revenue comes from Staking and Liquid Vaults. Any future product revenue used for this purpose will be addressed in a subsequent vote. Purchased ETHFI will be used to build the Vaults and build a liquidity pool on Curve to increase ETHF's on-chain TVL.
Ether.fi DAO's first proposal goes live, aiming to increase on-chain ETHFI liquidity and increase vault holdings
2024-06-20 03:03:02
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