• 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

a year 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

Bank of America Reinstates Buy Rating for Oracle Stock

chest

On March 24, Bank of America analyst Tal Liani reinstated a Buy rating for Oracle stock with a price target of $200, indicating a potential upside of 30%.

user avatarMaria Fernandez

Regulatory Measures Intensify as South Korea Targets Crypto Outflows

chest

South Korean authorities are intensifying regulatory measures to combat illegal overseas crypto transactions and prevent capital flight, including new cooperation agreements and an AI-driven monitoring system.

user avatarRajesh Kumar

South Korea Sees Massive Crypto Outflows Amid Regulatory Crackdown

chest

South Korea's Financial Services Commission reports significant outflows of crypto assets to overseas exchanges amidst increased regulatory scrutiny.

user avatarGustavo Mendoza

Ireland's Criminal Assets Bureau Seizes 500 BTC from Convicted Drug Dealer's Wallets

chest

Ireland's Criminal Assets Bureau has accessed a Bitcoin wallet containing approximately 500 BTC, valued at around 34 million euros, marking a significant breakthrough in recovering assets from a convicted drug dealer.

user avatarMiguel Rodriguez

Hostplus Pension Fund Considers Bitcoin Investment Options

chest

Hostplus, a major Australian pension fund, is exploring the possibility of offering Bitcoin and other digital assets to its members due to high demand.

user avatarLuis Flores

Iran Permits Nonhostile Ships in Strait of Hormuz, Bitcoin Surges

chest

Iran has announced that nonhostile ships can now pass through the Strait of Hormuz, leading to a surge in Bitcoin prices above $70,000.

user avatarArif Mukhtar

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.