Ether.fi Approves $50M ETHFI Buyback at Sub-$3 Price Floor
Ether.fi’s DAO community has unanimously approved a governance proposal to launch a $50 million ETHFI buyback and burn program if the token price falls below $3. Funded by protocol earnings, the ETHFI buyback will execute on the open market and aim to reduce circulating supply, establish a soft price floor, and support token stability. The proposal won 99.32% approval in a Snapshot vote and commits to full on-chain transparency, with all buyback transactions published via Dune Analytics. Implementation is set to begin after the vote closes on November 4. Traders can view this ETHFI buyback as a bullish signal: it demonstrates strong DeFi governance, reinforces tokenomics, and provides clear price support levels. Market participants will monitor buyback execution and its impact on liquidity and price action.
Bullish
The announcement of a $50 million ETHFI buyback and burn program at sub-$3 levels is likely to have a bullish impact on ETHFI’s market. In the short term, the on-chain buyback creates immediate demand and sets a clear soft price floor, reducing sell pressure when market sentiment is weak. In the medium to long term, recurring buyback rounds reinforce Ether.fi’s tokenomics framework by actively managing supply and signalling community confidence. This strong governance action aligns with patterns seen in other DeFi projects, where transparent buyback initiatives have supported token stability and attracted investor interest. Traders should watch for execution details on Dune Analytics and monitor how the program influences liquidity, trading volume, and price momentum.