ether.fi Proposal: Propose to Use 50% of Protocol Revenue to Buy ETHFI

Bittime - ether.fi officially announced a proposal proposing to use up to 50% of protocol revenue to buy ETHFI tokens. What is the content of the proposal proposed by ether.fi? Read this article to the end to find out!

ether.fi Proposal Details

This ether.fi proposal recommends using up to 50% of protocol revenue to purchase ETHFI. In the initial stage, 5% of monthly income will be allocated for this purpose. 

The income in question comes from staking rewards and liquid vault income. New products that generate revenue for this purpose will be discussed in the next vote.

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Purpose of the ether.fi Proposal

The main objective of this proposal is to increase ETHFI liquidity in order to support the ecosystem by increasing ETHFI treasury holdings and providing liquidity on Curve thereby improving market dynamics for ETHFI.

ETHFI will be purchased on the open market using allocated income. Earned tokens will be added to the DAO treasury to strengthen ownership.

Part of the ETHFI earned will be used to start a liquidity pool on Curve. The goal is to increase TVL and liquidity for ETHFI, facilitate better trading conditions and increase user engagement.

ether.fi: Increasing ETHFI Liquidity

By increasing ETHFI liquidity through open market purchases and the creation of liquidity pools, the ether.fi ecosystem will become even stronger. This will make it easier for users to interact with the platform and improve trading conditions in the market.

This move not only aims to increase liquidity but also to strengthen ether.fi's position in the crypto ecosystem. With a strong treasury and high liquidity, ether.fi can attract more users and investments to their platform.

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ether.fi Proposal Voting

Voting on this proposal will take place via a snapshot at Snapshot 159. Token holders will have the opportunity to vote for or against this proposal.

ether.fi expects full support from the community to strengthen the ETHFI ecosystem. With the active participation of the community, ether.fi can continue to develop and provide better solutions for all users.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Ether.fi Launches on Base, Easier Non-Custodial Liquidity Staking

ether.fi Holds a "Staking Frens" Event and Gives Mysterious Prizes by Staking ETH

Ether.Fi Airdrop Controversy: Distribution Condemned by Community, OTW Confused?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.