Ether.fi DAO proposes to buy back $50 million worth of ETHFI

Foresight News reported that Ether.fi DAO has proposed to repurchase up to $50 million worth of ETHFI tokens when the trading price of ETHFI falls below $3. The plan will be launched immediately upon approval. The plan will take effect immediately after DAO approval and will continue until one of the following three conditions is met: the $50 million cap is reached, the foundation deems the plan complete, or a subsequent governance vote modifies or terminates it. The four-day snapshot vote began on Friday, and if approved, this will be the protocol's third buyback plan following Proposal #8 and #10. Previously, liquidity support was provided through Proposal #10.