EtherFi DAO is about to stabilize the price. With the new proposal, they plan to use 50 million USD from the treasury to buy back when ETHFI falls below 3 USD. The idea is quite straightforward — use money for dumping, increase market confidence, and reduce circulating supply.

Interestingly, they promised that the scale of the buyback would gradually expand based on the income from the agreement, and all operations would be recorded on-chain for transparency and public access. It seems they want to exchange transparency for trust.

What does this wave of operations indicate? ETHFI should have been hurt quite a bit by this dumping. But the question is—can it stabilize if it really falls down? Or is this just a prelude to another round of harvesting retail investors? Waiting for the reaction after the proposal passes.