Ether.Fi pitches buybacks for ETHFI stakers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 16 2024Ether.Fi's Proposal: Ether.Fi has proposed to allocate 5% of its protocol revenue for buying back ETHFI tokens and distributing them to stakers, aiming to enhance token utility and align user incentives with the ecosystem's growth.
DeFi Market Context: Ether.Fi is a leading liquid restaking protocol with nearly $10 billion in total value locked (TVL), competing with other protocols while the overall DeFi market approaches 2021 highs due to the popularity of restaking mechanisms.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
