A number of crypto tasks are coming into November with key developments that would entice market consideration. Lighter, EtherFi, Aerodrome, and Of us Finance are among the many tasks with key milestones deliberate.
These embrace new buying and selling options, buyback proposals, and product releases anticipated within the first half of the month.
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Ether.fi (ETHFI) Governance Vote on $50 Million Buyback Concludes At this time
Ether.fi (ETHFI) reaches a key governance milestone as we speak, November 3, as group voting concludes on a proposal to authorize as much as $50 million in ETHFI token buybacks.
Below the proposal, the EtherFi Basis will purchase ETHFI tokens from the open market every time the worth drops beneath $3. The initiative goals to boost liquidity, stabilize token worth, and strengthen long-term holder confidence.
“The Basis intends to progressively increase buy-back capability in proportion to protocol revenues, significantly whereas ETHFI stays beneath US $3, guaranteeing environment friendly use of surplus income to strengthen market confidence and cut back circulating provide,” the proposal reads.
All buyback transactions can be publicly reported. If authorized, the initiative will take impact instantly. The vote comes at a essential second for ETHFI.
BeInCrypto Markets knowledge confirmed that the altcoin has dropped greater than 46% over the previous month. On the time of writing, ETHFI was trading at $0.93, representing a 7.29% decline over the previous 24 hours.
A successful buyback could help stabilize the token’s value and restore investor confidence amid ongoing market volatility. With out approval, ETHFI might stay weak to additional draw back strain.
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Of us Finance Schedules FOLKS Token Launch
Of us Finance, a cross-chain decentralized finance protocol, will debut its native FOLKS token on November 6. On the Token Technology Occasion (TGE), FOLKS will launch utilizing the Wormhole NTT cross-chain normal.
The token will act because the central factor of protocol governance, enabling group participation in key choices and supporting long-term incentive constructions. The full provide of FOLKS is capped at 50 million tokens.
At launch, 12.7 million FOLKS representing 25.4% of the whole provide can be launched into circulation. The preliminary allocation will go towards ecosystem progress and a community airdrop.
“The full allotted to the airdrop upon TGE is 3.29%. Of that, round 0.67% (Unlocked Group Airdrop) represents an estimated worth primarily based on a projected ratio of 25% of customers choosing immediate declare versus 75% deciding on the linear unlock choice,” the group noted.
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Aerodrome Set for Main Upgrades in November
Aerodrome, the main decentralized trade on Base, is getting ready to shut its MetaDEX02 part subsequent week. The community will launch two main upgrades.
“Subsequent week we shut the books on MetaDEX02 with the complete launch of Slipstream V2, Autopilot (upgraded no price ALM), and a few impactful UI / UX upgrades,” Aerodrome’s core contributor Alexander posted.
After this, the group will shift all consideration to MetaDEX03. Based on Alexander, that is their “most superior” decentralized trade working system (DEXOS).
The contributor described it as a “large improve”, which means it would deliver vital enhancements or new options in comparison with the earlier model.
These characterize a considerable evolution for a protocol that’s the prime revenue-producing DEX and fourth-highest incomes protocol in DeFi, surpassing Ethereum and Solana.
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Lighter Plans Spot Buying and selling Launch
Rounding out the quartet is Lighter. The Ethereum Layer-2 perpetuals trade, identified for its zero-fee mannequin, is accelerating its product roadmap.
Throughout a current interview, CEO Vladimir Novakovski shared the corporate’s upcoming roadmap, noting that spot buying and selling may go dwell in early November. Lighter would initially checklist key property, together with Bitcoin (BTC) and Ethereum (ETH), with further meme coins to be listed shortly thereafter. However, the group has but to announce a precise date for the launch.
On October 31, the platform launched international trade (FX) perpetuals buying and selling, broadening its attraction past crypto natives, focusing on conventional finance merchants looking for on-chain effectivity.
With EtherFi’s governance vote, Lighter’s spot buying and selling launch, Aerodrome’s technical upgrades, and Of us Finance’s token debut, November is shaping as much as be an eventful month for the crypto market — one that would reignite market momentum throughout a number of ecosystems.