@dariush080
🔥 Ether.fi Foundation used 73 ETH (≈ $314K) this week to buy back 264K ETHFI tokens.
📌 Details:
• 155K tokens burned to reduce circulating supply
• 108K tokens distributed to sETHFI holders (stakers of the governance token)
🔎 This is part of Ether.fi’s liquid staking protocol economic model, generating revenue through Ethereum validation and restaking.
💵 So far, the program has bought back over $5.6M worth of ETHFI, aiming to support token value and reward long-term holders.
@base.base.eth
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