Ether.Fi Joins Token Buyback Frenzy: Community Proposes $50M Allocation for ETHFI Token

Ether.fi has announced a $50M ETHFI token buyback program, targeting accumulation when prices drop below $3. The program will be executed by the ether.fi Foundation and will continue until one of three conditions is met or the $50M cap is reached. The buyback aims to improve liquidity and price stability, building on previous successes. Ether.fi joins a growing trend of DeFi protocols implementing token buyback programs. ETHFI is currently trading around $0.94, down 6% on the day. A breakout above the descending trendline near $1.05 could open a path toward $1.26.