Odaily Planet Daily reports that the Ether.Fi community has launched a proposal to "allocate treasury funds for an ETHFI buyback program," authorizing the foundation to use treasury funds to buy back ETHFI tokens when the market price falls below $3, with a maximum total buyback amount of $50 million. The goal is to continuously accumulate ETHFI while the price remains below this threshold and increase the proportion of protocol revenue used for buybacks.

The buyback will begin immediately upon DAO approval and continue until any of the following occurs: the maximum amount is reached; the Foundation considers the program complete; or a subsequent governance vote modifies or terminates the program.

The next step will be a four-day vote on Snapshot. Once approved, the buyback program will take effect immediately upon fulfillment of the price conditions.