According to ChainCatcher, the Ethereum liquidity pledge protocol ether.fi Foundation officially stated that the first community proposal has been launched. The proposal recommends using up to 50% of the protocol revenue to purchase ETHFI. Initially, 5% of the monthly revenue will be used, and future increases will be decided by community voting.

The purchased ETHFI will be used to establish a vault and establish a liquidity pool on Curve to increase the on-chain TVL of ETHFI.