According to Foresight News, the ether.fi Foundation summarized the utility of the ETHFI token, including announcing that 50% of the protocol's monthly income will be allocated to repurchase ETHFI tokens. Users can stake ETHFI tokens, and staking in Karak can earn double protocol points.
ether.fi also launched ETHFI cross-chain functionality through Wormhole, making L2 token claims on Arbitrum possible. This integration allows seamless asset transfers between different blockchains, enhancing interoperability and expanding ether.fi's reach.
