Convert 0.01 ETHFI to USDT today

The announcement by Coinbase regarding the listing of Ether.fi (ETHFI) and Bittensor (TAO) led to significant pre-market activity, with both tokens experiencing a price spike exceeding 30%. This increase reflects the typical market reaction to exchange listing news.

Coinbase’s decision is expected to improve trading volume and provide better liquidity for both ETHFI and TAO, promoting a more accessible trading environment. Higher liquidity generally correlates with reduced volatility, reassuring traders about their investments.

ether.fi allocates 5% for buybacks: ether.fi, with nearly 10,000,000,000 USD in total value locked, proposes to allocate 5% of its protocol revenue for buybacks. This strategic move allows for rewarding ETHFI stakers and potentially elevating the token’s utility within its rapidly growing ecosystem.

Voting on the proposal by tokenholders: The initial rewards are designated for ETHFI stakers who’ve held their tokens for at least one month. A tokenholder vote, set for this week, will decide the proposal, emphasizing community engagement in ether.fi’s direction.

Ether.fi, a prominent player in the restaking sector, has announced an exciting new partnership with Scroll, a cutting-edge layer-2 blockchain using zero-knowledge (ZK) rollup technology. Ether.fi plans to launch its credit card, ether.fi Cash, and introduce a lending and borrowing marketplace.

The new Ether.fi Cash card will allow users to use cryptocurrency as collateral for purchases, and balances will be settled automatically using the card’s native yields.

According to Foresight News, ETHFI DAO issued a proposal to vote on “Increase Buyback and LP Seeding Allocation”.

The proposal aims to increase the monthly buyback rate of ETHFI tokens from the current maximum of 5% to 25%. The primary goal of this initiative is to stimulate token price appreciation for existing ETHFI holders.