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ether.fi Foundation summarizes the utility of ETHFI token and launches cross-chain functionality

ether.fi Foundation summarizes the utility of ETHFI token and launches cross-chain functionality

Bitget2024/07/18 04:08

According to Foresight News, the ether.fi Foundation summarized the utility of the ETHFI token, including announcing that 50% of the protocol's monthly income will be used to repurchase ETHFI tokens. Users can stake ETHFI tokens, and staking in Karak can earn double protocol points.

Ether.fi also introduced cross-chain functionality for ETHFI through Wormhole, making it possible to claim L2 tokens on Arbitrum. This integration allows for seamless asset transfers between different blockchains, enhancing interoperability and expanding ether.fi's coverage.

1

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.

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