• 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

John Haar Discusses Bitcoin Adoption and Future Monetary Policy

chest

John Haar discusses the impact of COVID-19 on Bitcoin adoption and predicts future monetary interventions.

user avatarRajesh Kumar

Charles Hoskinson Defends Crypto Amid Political and Economic Turmoil

chest

Charles Hoskinson defends cryptocurrency, framing the market downturn as a reflection of political dysfunction and economic challenges, advocating for crypto as a vital infrastructure for future systems.

user avatarLucas Weissmann

XRP and Solana Strengthen Ties Through Technical Integration

chest

The relationship between XRP and Solana extends beyond social media exchanges, with significant technical integrations enhancing their ecosystems.

user avatarFilippo Romano

Solana Executive Sparks Playful Controversy with XRP Community

chest

A lighthearted exchange between Solana and XRP communities on X social media was ignited by comments from Solana Foundation President Lily Liu regarding blockchain gaming.

user avatarEmily Carter

Self-Proclaimed Prophet Predicts XRP Could Reach 10,000

chest

A self-described prophet named Brandon Biggs predicts XRP could reach 10,000, outlining a four-stage price roadmap.

user avatarTomas Novak

Strategy World Conference Shifts Focus to STRC

chest

During the recent Strategy World conference in Las Vegas, the focus shifted from Bitcoin to STRC, the firm's variable-rate preferred share, raising over $1.5 billion and impacting its market cap.

user avatarMaya Lundqvist

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.