Ether.Fi's $50 million buyback program has been approved, with a trigger price of $3.

Huoxun Finance News, November 5th - According to a Snapshot page, Ether.FiDAO has passed the "ETHFI Buyback" proposal, authorizing the foundation to conduct buybacks on the open market or designated on-chain venues when the current price of ETHFI is below $3, with a total limit of $50 million. The buyback is effective immediately and will continue until the limit is reached, the foundation declares its termination, or a subsequent governance vote adjusts it. The foundation may increase the proportion of protocol revenue used for buybacks when the price is below $3, and all transactions will be recorded on-chain and published on the Dune dashboard. Voting results: 99.32% in favor (approximately 5.1 million votes), 0.68% against (approximately 34,700 votes), quorum 512%.