PANews reported on November 5th that, according to a Snapshot page, the Ether.Fi DAO has passed an "ETHFI Buyback" proposal, authorizing the foundation to conduct buybacks on the open market or designated on-chain venues when the current price of ETHFI is below $3, with a total limit of $50 million. The buybacks will take effect immediately and will continue until the limit is reached, the foundation declares its termination, or a subsequent governance vote adjusts the allocation. The foundation may increase the proportion of protocol revenue used for buybacks while the price is below $3, and all transactions will be recorded on-chain and published on the Dune dashboard. Voting results: 99.32% in favor (approximately 5.1 million votes), 0.68% against (approximately 34,700 votes), quorum 512%.PANews reported on November 5th that, according to a Snapshot page, the Ether.Fi DAO has passed an "ETHFI Buyback" proposal, authorizing the foundation to conduct buybacks on the open market or designated on-chain venues when the current price of ETHFI is below $3, with a total limit of $50 million. The buybacks will take effect immediately and will continue until the limit is reached, the foundation declares its termination, or a subsequent governance vote adjusts the allocation. The foundation may increase the proportion of protocol revenue used for buybacks while the price is below $3, and all transactions will be recorded on-chain and published on the Dune dashboard. Voting results: 99.32% in favor (approximately 5.1 million votes), 0.68% against (approximately 34,700 votes), quorum 512%.
Ether.Fi's $50 million buyback program has been approved, with a trigger price of $3.
PANews reported on November 5th that, according to a Snapshot page, the Ether.Fi DAO has passed an "ETHFI Buyback" proposal, authorizing the foundation to conduct buybacks on the open market or designated on-chain venues when the current price of ETHFI is below $3, with a total limit of $50 million. The buybacks will take effect immediately and will continue until the limit is reached, the foundation declares its termination, or a subsequent governance vote adjusts the allocation. The foundation may increase the proportion of protocol revenue used for buybacks while the price is below $3, and all transactions will be recorded on-chain and published on the Dune dashboard.
Voting results: 99.32% in favor (approximately 5.1 million votes), 0.68% against (approximately 34,700 votes), quorum 512%.
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