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Lido DAO Opens On-Chain Voting for NEST Auto-Buyback With $10M Annual Cap, Aug 5–8

Project Progress

2026-08-05 15:21:42

LDO-7.10%

STETH-2.61%

According to Foresight News, Lido DAO opened on-chain voting for NEST auto-buyback on August 5–8 at 22:00 UTC. NEST is an automated mechanism designed to link Lido protocol performance with LDO token value. The DAO will launch NEST in "treasury-only mode," where 50% of LDO purchased from stETH sales will be transferred directly to the DAO treasury. The mechanism has a $10 million annual spending cap, with related contracts audited and deployed to mainnet in July.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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