EtherFi Foundation Buys ETHFI, Passes Major Staking Proposal On Ethereum Mainnet

Ether.Fi Foundation on Monday announced that it has purchased ETHFI worth 46 ETH as part of a proposal passed earlier by the community. In addition, the EtherFi liquid restaking platform team will also start working on deploying a staking contract for ETHFI on Ethereum mainnet, bolstering utility by linking rewards to governance participation and effective balances in the ecosystem.