NEST automated LDO buyback live on mainnet, returns 14.8M LDO
NEST, Lido's automated, rule-based LDO buyback mechanism, is live on mainnet after the Aug 5–8 on-chain vote. Under the LDO Accumulation Program, 2,320 stETH have been deployed, returning 14.8M LDO to the treasury, and outstanding LDO supply is down 1.8% to 879M. The mechanism links protocol performance to LDO via rules approved in a May Snapshot vote, funding regular buybacks from protocol revenue.
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- Automated Buybacks & LDO Accumulation Program • 2,320 stETH deployed, returning 14.8M $LDO to the treasury under the LDO Accumulation Program. • NEST, the automated buyback mechanism, was enacted. • Outstanding LDO supply is down 1.8% to 879M. https://t.co/XpCyRiaON3 Replying to their earlier post: Treasury & LDO Supply • Treasury closed H1 at $88.3M, down from $157.5M. • $60.9M of the $69.2M decline was due to ETH price, not spending. • As of 25 August, the Treasury was back at $121.3M, up…x.com ↗
- The NEST Automated LDO Buyback Mechanism is now live on mainnet. https://t.co/jhsrWLTQU8x.com ↗
- Lido DAO Governance Update The on-chain vote for NEST: Automated Buybacks is live. Voting window (main phase): Aug 5 → 8, 2PM UTC Vote here: https://t.co/D2qo7mO5Ku https://t.co/u7aFdqpRfxx.com ↗
