According to Foresight News, the ether.fi Foundation has outlined the utility of its ETHFI token. Starting from last month, the foundation announced that 50% of the protocol's monthly revenue would be allocated for repurchasing ETHFI tokens. Users can stake their ETHFI tokens and, when staked in Karak, they can earn double protocol points. In addition to creating a robust liquidity pool for ETHFI, ether.fi has also introduced cross-chain functionality through Wormhole, enabling L2 token claims on Arbitrum. This integration facilitates seamless asset transfers across different blockchains, enhancing interoperability and expanding ether.fi's reach.
Ether.fi Foundation Summarizes ETHFI Token Utility
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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