Lido’s Latest Gamble: Buyback Program To Rescue LDO
Lido, the largest liquid staking protocol in the Ethereum ecosystem, is making a bold move to rescue its native token, LDO, from historic lows. With the token recently plunging to $0.28, the Lido Ecosystem Operations team has unveiled a buyback program designed to restore confidence and stabilize the market.
The proposal calls for deploying up to 10,000 stETH—roughly $20.5 million—from the DAO treasury to purchase LDO in a one-off program. To...
