The ether.fi community launched its first proposal to increase ETHFI on-chain liquidity and increase treasury holdings
Odaily2024/06/20 06:57
By:Odaily
Odaily News
Ethereum liquidity pledge protocol ether.fi Foundation announced on X that its first community proposal has been launched, aiming to increase ETHFI on-chain liquidity and increase treasury holdings. The proposal proposes to purchase ETHFI with 50% of the protocols revenue. Initially, 5% of monthly revenue will be used, and future growth will be determined by community voting. Revenue comes from Staking and Liquid vault. Any future product revenue for this purpose will be processed in subsequent votes. The purchased ETHFI will be used to establish a treasury and establish a liquidity pool on Curve to increase ETHFs on-chain TVL.
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