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.
You may also like
Bitcoin and Ethereum ETF Entry Series Ended! Major Exits! Here is the Latest Data…
Long-term inflows in spot Bitcoin and Ethereum ETFs have given way to outflows.
EU Commission approves Nvidia’s Run:ai acquisition
Share link:In this post: This followed a probe over competition concerns raised by Italian regulators. The EU Commission unconditionally approved the transaction. The Nvidia case is one of the many other probes into big tech firms’ acquisition of smaller companies.
SEC hits Jump Trading with $123m fine over TerraUSD scandal and Luna misconduct
Share link:In this post: SEC has fined Jump Trading $123 million over its role in the TerraUSD scandal. Tai Mo Shan agreed to settle the fine without admitting or refuting the charges. Jump Trading made more than $1 billion in profit in an arrangement with Terraform.
Shiba Inu advances DeFi strategy with Chainlink partnership
Chainlink's CCT standard allows Shiba Inu tokens to achieve interoperability and expand across 12 blockchains.
Trending news
MoreCrypto prices
More
