> For the complete documentation index, see [llms.txt](https://etherfi.gitbook.io/gov/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://etherfi.gitbook.io/gov/ethfi-buyback-program.md). # ETHFI Buyback Program The Ether.fi protocol implements a structured buyback program designed to align long-term incentives, reduce token supply, and reward active participants in the ecosystem. Buybacks are executed in two distinct streams: **1. Withdrawal Fee Revenue Buybacks (Weekly)** * 100% of all revenue generated from eETH withdrawal fees—both implicit (delayed exits) and explicit (instant exits)—is allocated to buybacks of $ETHFI. * These buybacks are executed on a weekly cadence. * The resulting $ETHFI is remitted directly to $sETHFI holders, distributing protocol value back to active ETHFI stakers. Governance proposal: **2. Protocol Revenue Buybacks (Monthly)** * A portion of revenue generated from the broader Ether.fi protocol—including Stake, Liquid, and Cash products—is also allocated for $ETHFI buybacks. * These buybacks occur on a monthly cadence. * As with weekly buybacks, the acquired $ETHFI is distributed to sETHFI holders. Governance proposal: **Redistribution & Liquidity** * In accordance with approved governance proposals, all buyback-derived $ETHFI is redistributed to $sETHFI holders. * A portion of this may also be allocated toward enhancing on-chain liquidity, at the discretion of the DAO or Foundation when needed for market stability and accessibility. All buybacks will be announced on the official ether.fi Foundation twitter Foundation wallet: 0x2f5301a3D59388c509C65f8698f521377D41Fd0F Stake ETHFI: [https://ether.fi/app/ethfi](https://t.co/i0gHieFXFI)