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

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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.