The ether.fi community has initiated a buyback plan of up to $50 million in ETHFI through a proposal

The ether.fi community has authorized the foundation through a governance proposal to use up to $50 million for token buybacks from the open market or on-chain channels when the market price of ETHFI is below $3.

All buyback transactions will be recorded on-chain and disclosed through the Dune Dashboard. Previously, news reported that the Ether.Fi DAO released a new proposal authorizing the foundation to use part of the treasury funds for ETHFI token buybacks.