ldo crypto - Lido DAO Proposes $20M LDO Buyback Amid Price Slump
Lido DAO is voting on a proposal to use 10,000 stETH, valued at approximately $20 million, to repurchase LDO tokens on the open market. This move comes as LDO prices hover near historical lows, trading around $0.31, with the LDO/ETH ratio 63% below its two-year median. The buyback aims to acquire about 70 million LDO, representing 8.5%