On August 6th, the ether.fi foundation made a statement through the X platform, highlighting that its protocol had generated an income of $2.58 million in July. In order to further propel the development of the protocol and enhance user engagement, the foundation decided to allocate 5% of the earned income towards purchasing ETHFI. The acquired ETHFI has been successfully deployed into Arrakis Finance’s liquidity staking vault, contributing as part of the on-chain liquidity. This liquidity is primarily used to manage the WETH/ETHFI trading pair, covering concentrated liquidity positions. This measure aims at optimizing the liquidity of the trading pair and enhancing the user experience. The total distribution ratio of the deployed ETHFI is 50/50, striving for a more balanced market performance.