Ether.fi DAO's first proposal goes live, aiming to increase on-chain ETHFI liquidity and boost the treasury holdings

PANews reported on June 20th that the DAO community of Ether.fi, an Ethereum liquidity pledge protocol, has launched its first proposal. The proposal aims to increase the on-chain liquidity of ETHFI and increase the holdings in the treasury.

The proposal suggests using 50% of protocol revenue to purchase ETHFI. Initially, 5% of monthly income will be used, with future increases decided by community voting. Revenue comes from Staking and Liquid Treasury. Any future product revenues for this purpose will be resolved in subsequent votes. The purchased ETHFI will be used to establish a treasury and set up a liquidity pool on Curve to increase the on-chain TVL of ETHF.