Lido community releases a new proposal to use 10,000 stETH treasury funds to buy back LDO.

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ChainCatcher news, the Lido ecosystem operations team has released a proposal on the community forum seeking authorization for the Lido growth committee to use up to 10,000 stETH from the treasury to purchase LDO.

The proposal states that the LDO/ETH exchange rate is currently at a historical low of about 0.00016, which is approximately a 63% discount compared to the two-year median, indicating a disconnection from its protocol fundamentals. The plan will be executed in batches through the Easy Track mechanism, with a cap of 1,000 stETH per batch. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) as well as centralized exchanges. The trading slippage will be controlled within 3%, and all acquired LDO will be returned to the treasury.

STETH-3.14%
LDO4%
ETH-3.31%
1INCH-4.56%
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