The ether.fi Foundation announced a significant repurchase of 247,000 ETHFI tokens this week, utilizing 78 ETH (around $370,000) from protocol revenue. This move was disclosed on the X platform, highlighting the foundation's ongoing efforts to manage token supply and distribution. Additionally, approximately 137,000 ETHFI tokens were burned, effectively reducing the circulating supply. As a result, the distribution of ETHFI to sETHFI holders has increased to approximately 109,000 tokens, enhancing the value proposition for stakeholders.
ether.fi Foundation Buys 247,000 ETHFI, Boosts Distribution to sETHFI Holders
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