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The Ether.Fi $50 million buyback plan has been approved, with a trigger price of $3.
PANews, November 5 - According to the Snapshot page, the Ether.Fi DAO has approved the "ETHFI Buyback" proposal, authorizing the foundation to execute buybacks on the open market or designated on-chain venues when the current price of ETHFI is below $3, with a total upper limit of $50 million. The buyback is effective immediately, until the limit is reached, the foundation announces the end, or subsequent governance votes adjust it. The foundation can increase the proportion of protocol revenue used for buybacks while the price is below $3, and all transactions will be recorded on-chain and made public on the Dune dashboard.
Voting results: For 99.32% (approximately 5.1 million votes), Against 0.68% (approximately 34.7 thousand votes), Quorum 512%.
ETHFI2.66%

