Lido DAO Proposes $20M LDO Buyback After 95% Price Decline

Lido DAO has proposed using up to 10,000 stETH (approximately $20 million) from its treasury to buy back its governance token $LDO, which is currently trading at historically low valuations.

Due to thin on-chain liquidity for $LDO , the buyback plan would primarily be executed through centralized exchanges. At current price levels, the proposed buyback could remove approximately 8% of the circulating supply.

LDO has fallen over 95% from its 2021 peak of $7.30 and is currently trading around $0.30, prompting the DAO to consider buybacks as a way to support price recovery and improve market confidence.