ether.fi Foundation: ETHFI token staking function is now online
On July 18th, ether.fi Foundation announced that they have written a statement about current and future features in order to enhance the utility, market dynamics, and user participation of the ETHFI token. The following measures have been implemented:
· ETHFI token buyback plan: Starting from last month, ether.fi Foundation announced that 50% of protocol monthly revenue will be allocated to buy back ETHFI tokens and provide liquidity (LP);
· Staking ETHFI for more rewards: Users can now stake their ETHFI tokens to earn additional project rewards while supporting the stability and security of the ether.fi protocol;
· Enhanced liquidity pool;
· Governance proposal voting;
· Cross-chain L2 claim through Wormhole.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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