Ether.Fi DAO new proposal to initiate a token buyback plan of up to 50 million USD.

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

ETHFI3.67%
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