Currently, the altcoin theme is
1. Ethereum
2. LST, LRT - Staking
3. Buyback
It wouldn't be an exaggeration to say that. However, here, a buyback governance proposal has come out from "Ethereum ecosystem leader Lido DAO @LidoFinance," and it seems to be addressed with considerable importance.
1/
Lido DAO proposes a dynamic buyback of up to 70% for $LDO
With over $145M in stables and stETH sitting idle, the DAO is looking to return value to holders.
These assets generate no revenue. Time to put them to work.
The proposal:
• 70% of NEW incoming assets → $LDO buybacks
• 30% retained for ops & strategy
Why like this?
To ensure the DAO doesn't run out of development money.
There are some 'safeguard thresholds' the DAO should not cross.
- If Treasury sits between $50M and $85M, buybacks drop to 50%.
- If the liquid treasury falls below $50M, buybacks stop.
Great to see a DeFi giant being serious about longterm token value.
Still needs to be discussed and voted by the DAO.
----
Current treasury assets:
• $17M USDC
• $11.9M USDT
• $12.2M DAI
• 28,640 stETH (~$105M)
I hope to support the proposal as an Lido DAO delegate.
If you hold LDO, consider delegating to me:
0x3DDC7d25c7a1dc381443e491Bbf1Caa8928A05B0
Was there a reason why Arthur bought Aave and Lido DAO around the end of July?
If you believe in Ethereum, you must pay attention to Lido DAO as well, but since profits are not used for token buybacks, there have been many price dips in the meantime. If this proposal passes, it could steadily rise like the BNB, Sky, and Tron charts.
This is a post I wrote about a month ago about Lido. What exactly is Lido DAO? If you're curious, you might want to take a look at it 🤔
3/3
54.46K
33
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.