The Ether.fi governance community has overwhelmingly approved a large-scale token buyback program aimed at stabilizing the market price of ETHFI and reinforcing long-term holder confidence.
According to a post shared by the project on X on November 5, the Ether.fi DAO passed the Treasury Deployment Buy-Back Program with near-unanimous, 99% support. The proposal authorizes the Foundation to deploy up to $50 million from its treasury to repurchase ETHFI tokens whenever the market price falls below $3.00.
The program will remain active until the full allocation is spent, the Foundation decides to conclude it, or a subsequent governance vote modifies the terms. The initiative is designed to strengthen liquidity, enhance market depth, and maintain token stability, building on the success of earlier buyback programs detailed in DAO proposals #8 and #10.
Under the plan, the Foundation may scale buybacks in proportion to protocol revenue, which is generated through staking operations and DeFi integrations. This ensures that surplus revenue is used efficiently to accumulate ETHFI and reduce circulating supply.
All buyback transactions will be conducted transparently through on-chain mechanisms and publicly reported via the project’s Dune Analytics dashboard.
Ether.fi emphasized that the initiative reflects its ongoing commitment to “value alignment between protocol success and tokenholders.”
The buybacks are expected to help sustain market confidence and support price recovery during periods of volatility, similar to previous programs that reportedly lifted ETHFI prices by 15–20%.
The Snapshot vote for the proposal was open for four days, giving community members the option to vote For, Against, or Abstain. With near-total approval, the buyback program will activate immediately, provided ETHFI’s market price remains below the $3 threshold.