Ether.Fi DAO has approved a $50 million buyback program for its ETHFI tokens, set to activate when the token price falls below $3. The decision, reported on November 5th, allows the foundation to conduct buybacks on the open market or through designated on-chain venues. The program will continue until the $50 million limit is reached, the foundation decides to terminate it, or a new governance vote changes the allocation. The buyback initiative received overwhelming support, with 99.32% of votes in favor. All transactions will be recorded on-chain and made available on the Dune dashboard.