The community of the decentralized staking platform Ether.fi has put forward a new proposal for voting, which envisions the buyback of ETHFI tokens by allocating up to $50 million from its treasury. According to the proposal, the buybacks would be activated whenever the price of ETHFI falls below $3.
At the time of writing, ETHFI is currently trading at $0.96. Voting on this proposal will close on November 4, 2025.
If approved, this would mark Ether.fi’s third buyback program. Previous buybacks were conducted to support liquidity under proposals #8 and #10.
The proposal states:
“The Foundation’s goal is to gradually increase repurchase capacity in proportion to protocol revenues; specifically, while the ETHFI price remains below $3, it is to use surplus revenues to strengthen market confidence and reduce circulating supply.”
This strategy aims to align the revenue performance of the Ether.fi ecosystem with the interests of token holders. All transactions related to the buyback will be transparently recorded on-chain, and the results will be publicly available on the Dune Analytics dashboard.
According to Coin data, the ETHFI token is trading at $0.9635, down 3.74% in the last 24 hours. The token’s market capitalization stands at $543.56 million.
*This is not investment advice.*
https://bitcoinethereumnews.com/crypto/this-altcoin-has-a-big-week-ahead-it-could-see-heavy-buybacks-2/?utm_source=rss&utm_medium=rss&utm_campaign=this-altcoin-has-a-big-week-ahead-it-could-see-heavy-buybacks-2
