- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ether.fi DAO has proposed to use \$50 million to buy back ETHFI
BlockBeats News, October 31st, according to The Block, the Ether.fi community has proposed a plan to allocate up to 50 million US dollars from its treasury for the repurchase of ETHFI tokens, to be executed when its trading price falls below 3 US dollars, making it the latest major DeFi protocol to adopt a buyback strategy as a liquidity and price support tool. According to a governance proposal released on Thursday, the plan authorizes the Ether.fi Foundation to conduct open market purchases of ETHFI when the spot price is below 3 US dollars.
As of October 31st, ETHFI has dropped over 89% from its 2024 high, with a trading price of around 0.93 US dollars, located within the proposed buyback range. Buybacks have become the preferred method for protocols with significant fee revenue but soft secondary market demand, a practice similar to traditional corporate finance strategies. However, Ether.fi's strategy directly ties the trigger conditions to a price threshold, rather than a fixed time interval or budgetary plan.
You may also like
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The second half of stablecoins no longer belongs to the crypto circle
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Who is the true winner of the "Tokenization" narrative?
Moss: The Era of AI-Traded by Anyone | Project Introduction
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
App