# LidoDAOProposes20MBuyback,

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📰 #LidoDAOProposes20MBuyback Bottom-Up or Confidence Restoration?
Lido DAO, one of the largest staking protocols in the DeFi ecosystem, has taken a remarkable step following weakening market conditions and sharp value loss. According to the new governance proposal submitted by the DAO, a buyback of approximately $20 million from the protocol's treasury is planned.
The proposal aims to purchase Lido DAO Tokens from the market using 10,000 stETH from its treasury. The main reason for this move is that the token price is trading at a "historically significant discount" compared to the protocol'

STETH0,25%

LDO3,44%

ETH0,18%

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# LidoDAOProposes20MBuyback,

Join 40M users in our growing community

Trending Topics

#GateGoldenTouch

#CryptoMarketsRiseBroadly

#PowellDovishRemarksReviveRateCutHopes

#TrumpSignalsPossibleCeasefire

#CanBTCHold65K？

#EthereumFoundationStakes$46.2METH

#StraitOfHormuzIntroducesTransitFees

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