Lido DAO proposes $20M LDO buyback using stETH treasury as token trades near all-time lows, aiming to absorb about 8% of circulating supply
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Promote with Leviathan NewsWhale wallets dumped ~80M LDO since October — this 70M token buyback barely backfills what large holders already exited. And the purchased LDO goes back to treasury with an explicit no-voting clause, so it's a balance sheet rotation from yield-bearing stETH into an idle governance token. Compare to Aave's $50M/year buyback program that still can't sustain a floor — a $20M one-off against a two-year LDO/ETH downtrend is a confidence gesture, not structural support.
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- Lido Suggests LDO Token Buyback Using stETH Reserves ... (binance.com)
- Lido DAO Eyes $20M Buyback Amid LDO Dip - EtherWorld.co (etherworld.co)
- LDO Down 96%, Lido DAO Proposes $20M Buyback | CoinMarketCap (coinmarketcap.com)
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