ether.fi Foundation: 5% of the protocol revenue for June has been used to purchase ETHFI and deposited into the Curve pool

The ether.fi Foundation stated on social media that, according to the proposal passed in June, the foundation has purchased 46 ETH worth of ETHFI, which has been deposited into the weETH/ETHFI Curve pool. This amount accounts for 5% of the protocol revenue in June.

On June 20th, the ether.fi Foundation announced that the first community proposal has gone live. The proposal suggests using up to 50% of protocol revenue to purchase ETHFI. Initially, 5% of the monthly revenue will be used, and future increases will be determined through community voting. The revenue comes from stake and Liquidity insurance pools. Any revenue from future products for this purpose will be decided through subsequent voting. The purchased ETHFI will be used to establish a treasury and fund a Liquidity pool on Curve, increasing the on-chain total Lock-up Position value (TVL) of ETHFI.