On July 18th, ether.fi Foundation announced that they have drafted a document outlining the current and future functionalities aimed at enhancing the practicality, market dynamics, and user engagement of the ETHFI token. The following measures have been implemented:
– ETHFI token buyback program: Starting from last month, the ether.fi Foundation announced that 50% of protocol monthly revenue will be allocated for the repurchase of ETHFI tokens and providing liquidity (LP).
– Staking ETHFI for additional rewards: Users can now stake their ETHFI tokens to earn extra project rewards while supporting the stability and security of the ether.fi protocol.
– Enhanced liquidity pools.
– Governance proposal voting.
– Cross-chain L2 claims via Wormhole.
