Lido DAO Proposes $20 Million LDO Buyback Amid Low Prices
Lido DAO Proposes $20 Million LDO Buyback Amid Low Prices
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Lido DAO has put forward a proposal for a one-off $20 million buyback of its LDO token. This initiative comes as both Ether (ETH) and LDO tokens are currently experiencing low market prices, with the potential buyback estimated to absorb approximately 8.5% of LDO's circulating supply.
At current prices of ether and LDO, which are both in the slumps, the buyback could absorb around 8.5% of LDO's circulating supply.