Ether.Fi, a decentralized finance (DeFi) protocol, has proposed a plan to enhance the utility and value of its native token, ETHFI. The proposal involves implementing a buyback mechanism that will allocate 5% of protocol revenue towards repurchasing ETHFI tokens from the market. These repurchased tokens will then be distributed to stakers as a reward, incentivizing participation in the Ether.Fi ecosystem. By implementing this buyback and distribution strategy, Ether.Fi aims to strengthen the demand for ETHFI and increase its liquidity. This move not only benefits stakers but also contributes to the overall growth and sustainability of the Ether.Fi protocol. According to a report by Cointelegraph, the Ether.Fi team believes that this initiative will enhance the utility and attractiveness of ETHFI, leading to increased adoption and value appreciation for the token. Ether.Fi protocol has emerged as a popular destination for yield farming and liquidity provision, and this move is expected to further solidify its position in the DeFi landscape. The implementation of the buyback and distribution program is subject to community governance and approval, with the community voting on the proposal in the coming weeks.