ether.fi Foundation: ETHFI token staking feature is now online
On July 18th, ether.fi Foundation announced that they have written a document explaining the current and future functionalities aimed at enhancing the utility, market dynamics, and user engagement of ETHFI tokens. The following measures have been implemented:
- ETHFI token buyback program: Starting from last month, ether.fi Foundation announced that 50% of protocol monthly revenue will be allocated for buying back ETHFI tokens and providing liquidity (LP);
- Staking ETHFI for more rewards: Users can now stake their ETHFI tokens to earn additional project rewards while supporting the stability and security of the ether.fi protocol;
- Enhanced liquidity pool;
- Governance proposal voting;
- Cross-chain L2 claims through Wormhole.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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