• 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

Outset PR Develops Strategies for Effective AI Content

chest

Outset PR develops content strategies that cater to both human readers and AI models, ensuring clarity and usability.

user avatarRajesh Kumar

Outset PR Carves Out Niche in Data-Driven Crypto PR

chest

Outset PR has carved out a specific niche in the crowded crypto PR landscape by defining and owning the term 'data-driven crypto PR'.

user avatarGustavo Mendoza

Long-Term Bitcoin Holders Begin Selling Amid Market Changes

chest

Long-term Bitcoin holders have sold approximately 143,000 BTC in the past 30 days, indicating a shift in market sentiment.

user avatarKaterina Papadopoulou

Ripple Positioned for Growth as Regulatory Challenges Ease

chest

Ripple has seen a significant price increase and is positioned for further growth as regulatory challenges ease.

user avatarMiguel Rodriguez

DOJ's Crypto Enforcement Memo Under Fire

chest

The April 2025 memo from the DOJ has been criticized for its approach to cryptocurrency enforcement, coinciding with the disbanding of the National Cryptocurrency Enforcement Team.

user avatarLuis Flores

Solana's Meme Coin BP Surges Dramatically

chest

Solana's on-chain Meme Coin BP has seen a dramatic surge in market capitalization, reaching $149 million, a 608% increase in 24 hours, driven by social media activity.

user avatarMaria Gutierrez

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.