• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ether.Fi considers buybacks to incentivize ETHFI stakers

user avatar

by Giorgi Kostiuk

2 years ago

Decentralized finance protocol Ether.Fi has proposed allocating a portion of its revenues to buy back ETHFI tokens and distribute them to stakers.

Ether.Fi Revenue Distribution Proposal

Ether.Fi has proposed allocating 5% of protocol revenue to buy ETHFI tokens to distribute among ETHFI stakers, aiming to enhance token utility and strengthen market position. Rewards will initially be available only to stakers holding for at least one month.

Restaking and Its Advantages

Restaking allows tokens already staked for rewards to be used for securing other protocols, increasing liquidity and overall value locked in DeFi. Ether.Fi is the fourth most popular protocol with nearly $10 billion TVL.

Competition and Market Trends

Ether.Fi competes with protocols like Renzo and Kelp as restaking becomes more popular. Other DeFi projects like Ethena and Aave are also implementing value-accrual mechanisms for their tokens to share revenues with holders.

The proposal decision will be finalized at the end of the week following a tokenholder vote, highlighting the increasing pressure on DeFi protocols to offer value to their investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Farside Investors Emphasizes Strict Editorial Standards

chest

Farside Investors has released a report that emphasizes its commitment to a strict editorial policy focused on accuracy, relevance, and impartiality.

user avatarNguyen Van Long

Meta is Set to Launch a New Prediction Market App Named 'Arena'

chest

Meta is reportedly developing a new app called Arena that will allow users to make predictions on events using points instead of real-world cash.

user avatarJesper Sørensen

Meta's Previous Ventures into Crypto and Prediction Markets

chest

Meta has a history of engaging with crypto technologies, including its previous attempt at a prediction market with the Forecast app, which was launched in 2020 and shelved in 2022.

user avatarSatoshi Nakamura

TurboFlow Secures $6 Million Seed Funding from Pantera Capital

chest

TurboFlow has successfully raised $6 million in a seed funding round led by Pantera Capital, indicating strong investor interest in platforms that integrate prediction markets and trading infrastructure.

user avatarRajesh Kumar

Securitize and tZERO Enter Legal Battle Over Tokenized Securities

chest

Securitize and tZERO are currently engaged in a legal dispute in Delaware concerning the infrastructure for tokenized securities.

user avatarLucas Weissmann

Ted Pillows Releases New Report on Liquidation Data

chest

Ted Pillows has released a new report based on liquidation data, offering valuable insights into current financial trends.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.