TechFlow news, October 31: Ether.Fi DAO has released a new proposal authorizing the foundation to use part of its treasury funds to repurchase ETHFI tokens.
According to the proposal, when the market price of ETHFI falls below $3, the foundation may conduct buybacks on public markets or designated on-chain venues, with a total cap of $50 million. The plan aims to continue accumulating ETHFI tokens and increase the proportion of protocol revenue allocated to buybacks when the price drops below this threshold.
All buyback transactions will be transparently recorded on-chain and publicly reported via the ether.fi Dune dashboard. The proposal will undergo a 4-day vote on the Snapshot platform and will take effect immediately upon approval.
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