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ETHFI Transfer Funds Separate Multi-Sig Wallets
The post ETHFI Transfer Funds Separate Multi-Sig Wallets appeared on BitcoinEthereumNews.com. The ether.fi Foundation is set to transfer ETHFI tokens to separate multi-signature wallets within two days, aiming for better fund isolation and increased transparency. The ether.fi Foundation plans to transfer ETHFI tokens to separate multi-signature wallets within the next two days to better isolate funds and increase transparency. The foundation has seen significant growth, with over $6.69 billion TVL and a strategy to allocate up to 50% of monthly protocol revenues toward buying back ETHFI tokens. Current market metrics show ETHFI priced at $2.20 with a 24-hour trading volume of $94.9 million, reflecting recent market trends and investor sentiment. The ether.fi Foundation has announced plans to migrate ETHFI tokens to separate multi-signature wallets within the next two days. This move has sparked speculation and curiosity within the community, with many wondering about the potential implications and underlying reasons for this decision. ETHFI’s Fund Migration Plan The ether.fi Foundation which has over $6.69 billion as TVL has announced plans to transfer ETHFI tokens to separate multi-signature wallets within the next two days. This move aims to better isolate funds held by the foundation and increase transparency for the community. This comes after significant growth recorded, notably since the launch of the token staking over 5.3M ETHFI has already been staked. Also a month back, the foundation revealed a strategy to allocate up to 50% of monthly protocol revenues towards buying back enough tokens and providing liquidity. This initiative was designed to boost treasury holdings of the cryptocurrency and improve the token’s market dynamics by creating better trading conditions and user experience. Also as regards building more transparency, token holders have direct voting rights in the ether.fi protocol’s governance. This includes the ability to influence key decisions such as protocol upgrades, economic parameters, grant programs, and node operator selections. Current Market Performance…
The post ETHFI Transfer Funds Separate Multi-Sig Wallets appeared on BitcoinEthereumNews.com.
The ether.fi Foundation is set to transfer ETHFI tokens to separate multi-signature wallets within two days, aiming for better fund isolation and increased transparency. The ether.fi Foundation plans to transfer ETHFI tokens to separate multi-signature wallets within the next two days to better isolate funds and increase transparency. The foundation has seen significant growth, with over $6.69 billion TVL and a strategy to allocate up to 50% of monthly protocol revenues toward buying back ETHFI tokens. Current market metrics show ETHFI priced at $2.20 with a 24-hour trading volume of $94.9 million, reflecting recent market trends and investor sentiment. The ether.fi Foundation has announced plans to migrate ETHFI tokens to separate multi-signature wallets within the next two days. This move has sparked speculation and curiosity within the community, with many wondering about the potential implications and underlying reasons for this decision. ETHFI’s Fund Migration Plan The ether.fi Foundation which has over $6.69 billion as TVL has announced plans to transfer ETHFI tokens to separate multi-signature wallets within the next two days. This move aims to better isolate funds held by the foundation and increase transparency for the community. This comes after significant growth recorded, notably since the launch of the token staking over 5.3M ETHFI has already been staked. Also a month back, the foundation revealed a strategy to allocate up to 50% of monthly protocol revenues towards buying back enough tokens and providing liquidity. This initiative was designed to boost treasury holdings of the cryptocurrency and improve the token’s market dynamics by creating better trading conditions and user experience. Also as regards building more transparency, token holders have direct voting rights in the ether.fi protocol’s governance. This includes the ability to influence key decisions such as protocol upgrades, economic parameters, grant programs, and node operator selections. Current Market Performance…
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