• 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

Kansas Proposes State-Run Bitcoin Reserve Fund

chest

A new bill in Kansas aims to establish a Bitcoin and digital assets reserve using unclaimed digital assets.

user avatarMohamed Farouk

Bitget Launches TradFi Platform with USDT-Settled Trades

chest

Bitget has launched its TradFi platform, offering USDT-settled trading of 79 traditional finance instruments with up to 500x leverage.

user avatarElias Mukuru

Ethereum Exchange Holdings and Market Trends

chest

In recent developments, Binance has emerged as the largest holder of Ethereum in exchange wallets, with approximately 4.5 million ETH. This is followed by Upbit and Robinhood, which hold 1.9 million and 1.5 million ETH respectively. The Ethereum market is also witnessing a potential rally, driven by significant ETF inflows and positive network metrics.

user avatarDiego Alvarez

Pi App Studio Launches Streamlined Payment Integration for Creators.

chest

Pi App Studio has introduced a simplified process for integrating Pi payments into apps, allowing non-technical users to monetize their creations without needing coding skills.

user avatarGustavo Mendoza

River Price Prediction Indicates Potential Pullback

chest

Crypto expert Jacob Crypto Bury warns of a potential pullback for River as it enters overbought territory.

user avatarKenji Takahashi

BNB Smart Chain's Fermi Hard Fork Successfully Implements Significant Upgrade.

chest

The Fermi hard fork has successfully reduced the block time on BNB Smart Chain by 40%.

user avatarGustavo Mendoza

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.