Decentralized finance (DeFi) protocol Ether.Fi has proposed allocating a portion of its protocol revenues to buying back native ETHFI tokens and distributing them to stakers. The proposal aims to enhance the utility of ETHFI, strengthen its market, and align user incentives with the growth of the Ether.Fi ecosystem.
The team described the 5% revenue allocation as a “starting point” and noted that rewards will initially only be available to tokenholders who have staked ETHFI for at least one month. The proposal will be decided on by the end of this week following a tokenholder vote. Ether.Fi is the fourth most popular DeFi protocol, with nearly $10 billion in total value locked (TVL), according to DefiLlama.
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