$ETHFI
Ether.fi's April Madness Earns $2.4 Million! 100% of Income for Token Buyback, Is ETHFI About to Soar?
The leading platform Ether.fi has just made a bold move — in April, the protocol generated a staggering $2.4 million in revenue (average ETH price $1716), and 100% of the withdrawal fee income will be used to buy back ETHFI! This operation has truly innovated token economics, causing the token price to surge instantly! 🔥
Why is this buyback so explosive?
1. Real Money Protecting the Price
According to the latest approved DAO proposal, Ether.fi will use 100% of the user withdrawal fees (which are usually earned by the protocol itself) for buying back $ETHFI, which means there will be funds in the secondary market for purchases every day. Compared to other projects that are stingy with just 5%-10% of their income for buybacks, this is simply a model of integrity in the industry!
2. Buyback Execution to be Announced Soon
The foundation has stated that it will soon announce specific buyback figures, and if it’s anything like December, when they bought back $3.6 million in a month (which raised the token price by 30%), this time could be even more aggressive! After all, the market cap of $ETHFI is only $390 million, with only 21.7% circulating supply, so just a little buying can pump the price.
3. Re-staking Track Firmly in the Lead
Although EigenLayer has a higher TVL, Ether.fi, with its unique advantages of non-custodial and key self-holding, has pushed its TVL to $7.8 billion (fourth across all chains!), and April’s revenue has crushed competitors. This buyback essentially tells the market: "I have plenty of cash flow, I can afford this!"