Ether.Fi DAO New Proposal: Plans to Launch Token Buyback Program of up to $50 Million

Jinse Finance reported that Ether.Fi DAO has released a new proposal authorizing the foundation to use part of the treasury funds for ETHFI token buybacks. According to the proposal, when the market price of ETHFI falls below $3, the foundation may execute buybacks from the open market or designated on-chain venues, with a total cap of $50 million. The plan aims to continue accumulating ETHFI tokens and increase the proportion of protocol revenue used for buybacks when the price is below this threshold. All buyback transactions will be transparently recorded on-chain and publicly reported through the ether.fi dune dashboard. The proposal will undergo a 4-day voting period on the Snapshot platform and will take effect immediately upon approval.