Lido DAO proposes automated LDO buyback mechanism
Key Takeaways
- Lido DAO proposed an automated buyback mechanism for its LDO tokens to enhance holder value.
- The buyback leverages NEST-powered automation and utilizes onchain liquidity via wstETH pairs.
Share this article
The Steakhouse Finance Workstream, a finance unit within Lido DAO, has proposed an automated LDO token buyback mechanism intended to boost holder value and improve on-chain liquidity through systematic token repurchases.
The proposal outlines a NEST-powered approach that would automate LDO buybacks while providing on-chain liquidity via an LDO/wstETH Uniswap v2-style liquidity pool. The LP position would be established on the decentralized exchange, and the corresponding LP tokens would be held and managed by Aragon Agent.
The automated buyback framework would activate only under favorable market conditions: when ETH exceeds $3,000 and annualized DAO revenue tops $40 million.
The plan mirrors MakerDAO’s Smart Burn Engine and could see up to $10 million in annual buybacks, reinforcing LDO’s value during periods of strong ETH performance and DAO revenue growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk's SpaceX moves 1,163 Bitcoin worth $105M
Bitcoin News Today: Bitcoin’s Puell Multiple Approaches 0.50 Mark, Fueling Optimism Amid Ongoing Doubts About Market Structure
- Bitcoin's Puell Multiple nears 0.50, historically signaling price cycle bottoms since 2015, sparking market speculation. - Bitcoin Munari's $0.22 token launch on Solana highlights hybrid blockchain strategies, aligning with evolving regulatory frameworks. - Institutional demand for Bitcoin yield strategies grows as Anchorage Digital reports rising interest in collateralized products. - Fed policy shifts and exchange promotions like Bitget's Black Friday campaign reflect crypto's macroeconomic and competi
Premeditated Concealment? Bubblemaps Alleges Edel Engaged in Token Sniping
- Blockchain firm Bubblemaps accuses Edel Finance of sniping 30% of EDEL tokens via 160 linked wallets during its Nov 12 launch, using bot-driven tactics and layered wallet structures to obscure the acquisition. - Edel co-founder James Sherborne denies the claims, stating 60% of tokens were lawfully locked in vesting contracts as disclosed, while criticizing Bubblemaps' analysis as a "Hayden Davis defense" referencing memecoin controversies. - EDEL's market cap has plummeted 62% to $14.9 million amid erodi
Naver’s $13.8B Fintech Powerhouse Debuts on Nasdaq Amid Regulatory Challenges
- Naver Financial's $10.3B acquisition of Dunamu (Upbit) creates a $13.8B fintech entity to unify crypto and digital finance services. - CEO Choi Soo-yeon clarifies no Nasdaq listing decisions have been finalized due to regulatory uncertainties and market volatility. - The merger aims to strengthen South Korea's fintech landscape but faces scrutiny from domestic and U.S. regulators over crypto compliance. - Naver prioritizes domestic stability and stablecoin projects over aggressive international expansion
Trending news
MoreCrypto prices
More
