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‼️ Lido launches a buyback of $20 million
📈 The LDO token increased by more than 5%, nearly reaching $0.32, after Lido DAO proposed to buy back tokens worth $20 million.
✅ In March, LDO dropped to an all-time low. The DAO considers the asset "historically undervalued" and plans to stabilize the price through phased market purchases.
The buyback will be conducted through centralized exchanges to minimize price impact, and the program will become one of the largest tokenomics management initiatives in DeFi.
$ETH $LDO