Lido DAO plans to spend 20 million to buy back LDO; strong agreement but hard to save the coin price downturn.
Lido DAO has proposed a buyback plan to exchange 10,000 Lido Staked Ether for LDO tokens, totaling approximately $20 million, in response to the significant drop in LDO prices. The plan employs methods such as batch authorizations and limit orders to reduce market impact while retaining veto rights for token holders. LIDO faces the risk of centralization in the staking market, which could affect long-term valuations.
Bisc·03-30 02:51
