Ether.fi has authorized a $50 million buyback program for its native token ETHFI, aimed at stabilizing the market price when it trades below $3.00. The initiative, funded entirely by protocol revenues, was approved with 99% community support in a four-day DAO vote, signaling strong confidence in the token's long-term value.
The buyback will activate immediately and continue until the $50 million cap is exhausted or the price exceeds the threshold, with all transactions recorded on-chain and tracked via Ether.fi's public Dune dashboard for transparency. This strategy mirrors previous successful buybacks that enhanced liquidity and supported price recoveries of 15% to 20%.
Ether.fi's ecosystem, which boasts over $700 million in total value locked, is bolstered by integrations with DeFi platforms like Aave, Plasma, and FalconX, as well as partnerships with Visa, EigenCloud, and Anchorage Digital. The protocol's revenue, derived from staking and DeFi services, will scale buybacks proportionally, reinforcing the link between network growth and token value.
