On July 18th, ether.fi Foundation announced that it has drafted a document detailing the current and future functionalities of the platform. The aim of this document is to enhance the utility, market dynamics, and user engagement of the ETHFI token. The following measures have been implemented:
– ETHFI token buyback program: Starting from last month, ether.fi Foundation has announced that it will allocate 50% of the protocol’s monthly revenue to repurchase ETHFI tokens and provide liquidity (LP).
– Staking ETHFI for additional rewards: Users can now stake their ETHFI tokens to earn extra project rewards while supporting the stability and security of the ether.fi protocol.
– Enhanced liquidity pool.
– Governance proposal voting.
– Cross-chain L2 claims through Wormhole.