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Ether fi Foundation launches ETHFI Token buyback plan.
According to Gate.io News bot, Wu Shuo reported that the Ether fi Foundation announced the completion of the first round of ETHFI Token buyback. Data shows that the foundation invested 137 ETH (approximately $320,000) this week to buy back 437,000 ETHFI Tokens.
The foundation also announced the subsequent buyback plan: it will regularly use the weekly withdrawal fee income and the monthly protocol income to repurchase ETHF tokens. The tokens obtained from the buyback will be distributed to ETHF staking point holders.