The Ether.fi Foundation utilized protocol revenue to repurchase and burn ETHFI tokens while increasing distribution to sETHFI holders, as part of its ongoing token management strategy.
The Ether.fi Foundation announced that it spent 78 ETH (approximately $370,000) from protocol revenue to repurchase 247,000 ETHFI tokens. Of this amount, 137,000 ETHFI tokens were burned, and about 109,000 ETHFI tokens were distributed to sETHFI holders, continuing the foundation's token management and reward distribution efforts.