Ether.fi DAO Approves Up to $50 Million ETHFI Buyback Below $3
Voters gave 99% approval, with revenue-scaled, on-chain reporting set for all purchases.
Overview
- Under the program, the Foundation can repurchase ETHFI on the open market only when the token trades below $3.
- The authorization remains in effect until the $50 million cap is reached or ETHFI rises above $3, unless governance ends it earlier.
- Buybacks will be funded from protocol revenues generated by staking operations and DeFi integrations, with activity sized to earnings.
- All transactions will be executed on-chain and published via Ether.fi’s public Dune dashboard for transparency.
- The project says earlier buybacks improved liquidity and aided 15–20% price recoveries, and it reports more than $700 million in TVL with integrations including Aave, FalconX, Visa and Anchorage.