Ether.fi Reports $2.58 Million Income in July, Allocates 5% for ETHFI Repurchase and LP Program
Publication Time:2024-08-02 13:11:06
Recently, the Ether.fi foundation announced its financial report for July, revealing that the protocol's total revenue reached $2.58 million. Notably, the foundation has decided to allocate 5% of the total income towards the ETHFI repurchase and liquidity provider (LP) program. This move aims to enhance the market value of ETHFI and boost community engagement. According to the announcement, the repurchase program is expected to be completed on August 15th, with detailed transaction specifics and liquidity allocation plans to be soon released. This funding allocation is a significant step in the ongoing optimization of Ether.fi's ecosystem development and project advancement, anticipated to have a positive impact on the future growth of ETHFI.
ether.fi
Repurchase
Liquidity Providers
Protocol Income
LP Program