ether.fi Revenue Increases in July and Plans to Buyback ETHFI Token
2024-08-02
Bittime - ether.fi, a protocol in the Ethereum ecosystem, managed to rake in $2.58 million in revenue during the month of July. Read this article to find out the full news!
Plans to Buyback Token ETHFI
The $2.58 million in revenue achieved by ether.fi this July is a strong indicator of growing interest and trust in the protocol. Of this amount of income, the ether.fi Foundation has allocated 5% for the ETHFI token buyback program, as well as for the liquidity provision seed program.
This step is part of ether.fi's strategy to maintain ETHFI token price stability while increasing its liquidity in the market. By allocating a portion of its revenue to buying back tokens, ether.fi aims to reduce the number of tokens circulating on the market, which can ultimately support the price of ETHFI tokens and provide additional incentives for token holders.
ether.fi Liquidity Program
The buyback of ETHFI tokens will be completed no later than August 15 2024. ether.fi also promises to immediately provide further details regarding this transaction, including the liquidity provision method that will be used.
The liquidity program run by ether.fi is expected to make a significant contribution to the stability and liquidity of the ETHFI token market. By increasing liquidity, ether.fi hopes to make the token buying and selling process easier for users and increase the token's appeal among new investors.
ether.fi Revenue Increases
The increase in ether.fi's revenue was caused by several supporting factors. This protocol has managed to attract a lot of attention due to the innovation and superior features it offers. ether.fi focuses on security and efficiency in transactions on the Ethereum network, two very important aspects in the ever-evolving crypto world.
The success of ether.fi can also be attributed to the increasing adoption of this protocol by users looking to take advantage of the security and efficiency it offers. In addition, with many projects and applications built on this platform, ether.fi has succeeded in building a strong and sustainable ecosystem.
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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