The Ether.Fi community has proposed a significant allocation of up to $50 million from its treasury to initiate an ETHFI token buyback program. This initiative aims to purchase ETHFI tokens whenever their market price drops below $3. The buyback is designed to accumulate tokens and increase the share of protocol revenue dedicated to buybacks. The program will commence immediately following DAO approval and will continue until the $50 million cap is reached, the foundation decides to end it, or a governance vote alters the plan. A four-day voting period on Snapshot will determine the proposal's approval.
Ether.Fi Proposes $50 Million ETHFI Buyback Program
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