MARKET: Lido DAO has proposed allocating up to $20 million USD from its stETH reserves to repurchase LDO, in a move that seeks to capitalize on what it considers a historically depressed valuation.


The initiative also reveals a deeper problem, the limited on chain liquidity of many DeFi governance tokens and the difficulty of linking their price to the protocol's fundamentals.
Lido DAO intends to use up to 10,000 stETH, equivalent to approximately $20 million USD, to repurchase its LDO token.
STETH3,96%
LDO4,51%
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GateUser-3177a2c2vip
· 26m ago
It's really unfortunate if the market continues to decline this month, possibly due to the ongoing conflicts.
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GateUser-00fd9e83vip
· 5h ago
I want to complete the quest, comment "Sorry for the spam."
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