• 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

Sui Blockchain's Mysticeti V2 Achieves Subsecond Finality

chest

The Sui blockchain's Mysticeti V2 upgrade has achieved subsecond block finality, enhancing user experience and enabling new decentralized applications.

user avatarKaterina Papadopoulou

Mysticeti V2 Upgrade Enhances Sui Blockchain's Transaction Processing

chest

The Mysticeti V2 upgrade introduces a parallel processing structure that allows the Sui blockchain to validate and process transactions simultaneously, significantly improving throughput.

user avatarMaya Lundqvist

Sui Blockchain Achieves Unprecedented Transaction Speed with Mysticeti V2 Upgrade

chest

The Sui blockchain network has successfully implemented the Mysticeti V2 consensus engine, achieving the ability to process hundreds of thousands of transactions per second.

user avatarLeo van der Veen

Fund Managers Show Extreme Bullishness with Record Low Cash Holdings

chest

Fund managers show extreme bullishness with record low cash holdings of 32%.

user avatarLi Weicheng

Strategic Shifts Echo Broader Crypto Trends

chest

Farcaster's shift to a wallet-first model aligns with broader industry trends towards decentralized social networks.

user avatarAisha Farooq

Investor Payouts Unclear Amid 180 Million Acquisition

chest

The Farcaster community has expressed concern about the lack of clarity regarding the repayment of the 180 million raised from investors.

user avatarTenzin Dorje

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.