On July 18th, ether.fi Foundation announced that they have written a document explaining the current and future functionalities aimed at enhancing the utility, market dynamics, and user engagement of ETHFI tokens. The following measures have been implemented:
- ETHFI token buyback program: Starting from last month, ether.fi Foundation announced that 50% of protocol monthly revenue will be allocated for buying back ETHFI tokens and providing 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 claims through Wormhole.