Ether.Fi proposes to allocate 5 per cent of the agreed revenues for the repurchase of ETHFI and to distribute it to pledgers

Fi is proposing to allocate 5% of its protocol revenues to buy back ETHFI and distribute it to ETHFI pledgers as an incentive, according to a post on the Ether.Fi Community Governance Forum for the decentralised finance (DeFi) protocol, in a move designed to ‘enhance the utility of ETHFI, strengthen its marketplace, and align user incentives with the growth of the Ether.Fi ecosystem’. Fi ecosystem growth’. The Ether.Fi team describes the five percent revenue distribution as a ‘starting point’ and notes that the incentive will initially only be offered to token holders who have pledged ETHFI for at least one month. According to the post, the proposal will be voted on by token holders by the end of the week, and Ether.Fi has already used the agreed revenue to buy back tokens from ETHFI's main liquidity pool.